Western New England Bancorp Inc
For the period ended Mar 31, 2025. Filed May 9, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 9, 2025
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Item 1A. Risk Factors
| ITEM 1A. | RISK FACTORS. |
For a summary of risk factors relevant to our operations, see Part 1, Item 1A, “Risk Factors” in our 2024 Annual Report. There are no additional material changes in the risk factors relevant to our operations since December 31, 2024.
The following table sets forth information with respect to purchases made by us of our common stock during the three months ended March 31, 2025.
| Period | Total Number of Shares Purchased | Average Price Paid per Share ($) | Total Number of Shares Purchased as Part of Publicly Announced Programs | Maximum Number of Shares that May Yet Be Purchased Under the Program (1)(2) |
|---|---|---|---|---|
| January 1 - 31, 2025 | 100,000 | 8.85 | 100,000 | 372,318 |
| February 1 – 28, 2025 | 27,215 | 9.51 | 27,215 | 345,103 |
| March 1 - 31, 2025 | 90,003 | 9.32 | 79,494 | 265,609 |
| Total | 217,218 | 9.13 | 206,709 | 265,609 |
| (1) | On May 21, 2024, the Board authorized an additional stock repurchase plan (the “2024 Plan”) under which the Company may purchase up to 1,000,000 shares of common stock, or 4.6%, of its outstanding common stock, as of the date the 2024 Plan was adopted. The 2024 Plan commenced upon the completion of the prior existing repurchase plan on June 6, 2024. |
| (2) | Repurchase of 10,509 shares related to tax obligations for shares of restricted stock that vested on March 5, 2025 under our 2021 LTI Recognition & Retention Plan. These repurchases were reported by each reporting person on March 7, 2025. |
There were no sales by us of unregistered securities during the three months ended March 31, 2025.
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