WNEB Proxy: Executive Pay & Equity Awards Detailed

Ticker: WNEB · Form: DEF 14A · Filed: 2025-04-04T00:00:00.000Z

Sentiment: neutral

Topics: proxy-statement, executive-compensation, equity-awards

Related Tickers: WNEB

TL;DR

WNEB proxy out: exec pay details, equity awards for 2022-2024, shareholder vote coming.

AI Summary

Western New England Bancorp, Inc. filed its definitive proxy statement on April 4, 2025, for its annual meeting on May 14, 2025. The filing details executive compensation, including equity awards granted in 2024, 2023, and 2022, for both principal executive officers (PEO) and non-PEO/non-NEO members. It also outlines the year-end fair value of outstanding and unvested equity awards for these groups.

Why It Matters

This filing provides shareholders with crucial information regarding how executive compensation is structured and the value of equity awards, which can influence voting decisions on executive pay proposals.

Risk Assessment

Risk Level: low — This is a routine proxy filing detailing executive compensation and is not indicative of immediate financial risk.

Key Numbers

2024 — Fiscal Year (Equity awards and their fair value are detailed for this year.)
2023 — Fiscal Year (Equity awards and their fair value are detailed for this year.)
2022 — Fiscal Year (Equity awards and their fair value are detailed for this year.)

Key Players & Entities

Western New England Bancorp, Inc. (company) — Filer of the proxy statement
0001157647 (company) — Central Index Key for Western New England Bancorp, Inc.
20250404 (date) — Filing date of the proxy statement
20250514 (date) — Annual meeting date

FAQ

What is the purpose of a DEF 14A filing?

A DEF 14A filing, or Definitive Proxy Statement, is used to solicit shareholder votes on important corporate matters, such as the election of directors and executive compensation.

When is the annual meeting for Western New England Bancorp, Inc.?

The annual meeting is scheduled for May 14, 2025.

What specific compensation details are provided in this filing?

The filing details equity awards granted to principal executive officers (PEO) and non-PEO/non-NEO members for the fiscal years 2024, 2023, and 2022, including their year-end fair value.

What is the Central Index Key (CIK) for Western New England Bancorp, Inc.?

The CIK for Western New England Bancorp, Inc. is 0001157647.

What was the former name of Western New England Bancorp, Inc.?

The company was formerly known as WESTFIELD FINANCIAL INC, with a name change date of August 16, 2001.

From the Filing

0001999371-25-003796.txt : 20250404 0001999371-25-003796.hdr.sgml : 20250404 20250404090107 ACCESSION NUMBER: 0001999371-25-003796 CONFORMED SUBMISSION TYPE: DEF 14A PUBLIC DOCUMENT COUNT: 31 CONFORMED PERIOD OF REPORT: 20250514 FILED AS OF DATE: 20250404 DATE AS OF CHANGE: 20250404 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Western New England Bancorp, Inc. CENTRAL INDEX KEY: 0001157647 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] ORGANIZATION NAME: 02 Finance EIN: 731627673 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: DEF 14A SEC ACT: 1934 Act SEC FILE NUMBER: 001-16767 FILM NUMBER: 25812182 BUSINESS ADDRESS: STREET 1: 141 ELM STREET CITY: WESTFIELD STATE: MA ZIP: 01085 BUSINESS PHONE: 413-568-1911 MAIL ADDRESS: STREET 1: 141 ELM STREET CITY: WESTFIELD STATE: MA ZIP: 01085 FORMER COMPANY: FORMER CONFORMED NAME: WESTFIELD FINANCIAL INC DATE OF NAME CHANGE: 20010816 DEF 14A 1 wneb_def14a-051425.htm DEFINITIVE PROXY STATEMENT false 0001157647 DEF 14A 0001157647 2024-01-01 2024-12-31 0001157647 2023-01-01 2023-12-31 0001157647 2022-01-01 2022-12-31 0001157647 ecd:PeoMember ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember 2024-01-01 2024-12-31 0001157647 ecd:NonPeoNeoMember ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember 2024-01-01 2024-12-31 0001157647 ecd:PeoMember ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember 2023-01-01 2023-12-31 0001157647 ecd:NonPeoNeoMember ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember 2023-01-01 2023-12-31 0001157647 ecd:PeoMember ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember 2022-01-01 2022-12-31 0001157647 ecd:NonPeoNeoMember ecd:EqtyAwrdsInSummryCompstnTblForAplblYrMember 2022-01-01 2022-12-31 0001157647 ecd:PeoMember ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember 2024-01-01 2024-12-31 0001157647 ecd:NonPeoNeoMember ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember 2024-01-01 2024-12-31 0001157647 ecd:PeoMember ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember 2023-01-01 2023-12-31 0001157647 ecd:NonPeoNeoMember ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember 2023-01-01 2023-12-31 0001157647 ecd:PeoMember ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember 2022-01-01 2022-12-31 0001157647 ecd:NonPeoNeoMember ecd:YrEndFrValOfEqtyAwrdsGrntdInCvrdYrOutsdngAndUnvstdMember 2022-01-01 2022-12-31 0001157647 ecd:PeoMember ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember 2024-01-01 2024-12-31 0001157647 ecd:NonPeoNeoMember ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember 2024-01-01 2024-12-31 0001157647 ecd:PeoMember ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember 2023-01-01 2023-12-31 0001157647 ecd:NonPeoNeoMember ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember 2023-01-01 2023-12-31 0001157647 ecd:PeoMember ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember 2022-01-01 2022-12-31 0001157647 ecd:NonPeoNeoMember ecd:VstngDtFrValOfEqtyAwrdsGrntdAndVstdInCvrdYrMember 2022-01-01 2022-12-31 0001157647 ecd:PeoMember ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember 2024-01-01 2024-12-31 0001157647 ecd:NonPeoNeoMember ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember 2024-01-01 2024-12-31 0001157647 ecd:PeoMember ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember 2023-01-01 2023-12-31 0001157647 ecd:NonPeoNeoMember ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember 2023-01-01 2023-12-31 0001157647 ecd:PeoMember ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember 2022-01-01 2022-12-31 0001157647 ecd:NonPeoNeoMember ecd:ChngInFrValOfOutsdngAndUnvstdEqtyAwrdsGrntdInPrrYrsMember 2022-01-01 2022-12-31 0001157647 ecd:PeoMember ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember 2024-01-01 2024-12-31 0001157647 ecd:NonPeoNeoMember ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember 2024-01-01 2024-12-31 0001157647 ecd:PeoMember ecd:ChngInFrValAsOfVstngDtOfPrrYrEqtyAwrdsVstdInCvrdYrMember 2023-01-