What changed in this filing

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Item 5. Market for Registrant’s Common Equity

2025-03-10 compared with 2024-03-08 · 43 added, 51 removed, 8 unchanged (92% of the section changed)

MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES.

Market Information.

The Company’s common stock is currently

listed on NASDAQ under the trading symbol “WNEB.” As of December 31, 2023, there were 21,666,807 shares of the Company’s

common stock outstanding by approximately 1,921 shareholders, as obtained through our transfer agent.

Such number of shareholders

does not reflect the number of persons or entities holding stock in nominee name through banks, brokerage firms and other nominees.

Dividend Policy.

The Company maintains a dividend reinvestment

and direct stock purchase plan (the "DRSPP").

The DRSPP enables stockholders, at their discretion, to continue to elect

to reinvest cash dividends paid on their shares of the Company’s common stock by purchasing additional shares of common stock

from the Company at a purchase price equal to fair market value.

Under the DRSPP, stockholders and new investors also have the

opportunity to purchase shares of the Company's common stock without brokerage fees, subject to monthly minimums and maximums.

Although the Company has historically paid

quarterly dividends on its common stock, the Company’s ability to pay such dividends depends on a number of factors, including

restrictions under federal laws and regulations on the Company’s ability to pay dividends, and as a result, there can be

no assurance that dividends will be paid in the future.

Recent Sales of Unregistered Securities.

There were no sales by the Company of unregistered

securities during the year ended December 31, 2023.

Purchases of Equity Securities by the Issuer

and Affiliated Purchasers.

The following table sets forth information

with respect to purchases made by the Company during the three months ended December 31, 2023.

Average Price

Total Number of

Shares Purchased as

Part of Publicly

Maximum Number

of Shares that May

Yet Be Purchased

Under the Program

FOR REGISTRANT’S COMMON EQUITY, RELATED SHAREHOLDER MATTERS AND ISSUER PURCHASES

OF EQUITY SECURITIES.

Company’s common stock is currently listed on NASDAQ under the trading symbol “WNEB.” As of December 31, 2024,

there were 20,875,713 shares of the Company’s common stock outstanding by approximately 1,862 shareholders, as obtained

through our transfer agent.

Such number of shareholders does not reflect the number of persons or entities holding stock in nominee

name through banks, brokerage firms and other nominees.

Company maintains a dividend reinvestment and direct stock purchase plan (the “DRSPP”).

The DRSPP enables stockholders,

at their discretion, to continue to elect to reinvest cash dividends paid on their shares of the Company’s common stock

by purchasing additional shares of common stock from the Company at a purchase price equal to fair market value.

Under the DRSPP,

stockholders and new investors also have the opportunity to purchase shares of the Company’s common stock without brokerage

fees, subject to monthly minimums and maximums.

the Company has historically paid quarterly dividends on its common stock, the Company’s ability to pay such dividends depends

on a number of factors, including restrictions under federal laws and regulations on the Company’s ability to pay dividends,

and as a result, there can be no assurance that dividends will be paid in the future.

Sales of Unregistered Securities.

were no sales by the Company of unregistered securities during the year ended December 31, 2024.

of Equity Securities by the Issuer and Affiliated Purchasers.

following table sets forth information with respect to purchases made by the Company during the three months ended December 31,

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)

October 1 - 31, 2024

1 unchanged sentence

December 1 - 31, 2024 (2)

___________________________

(1) On July 26, 2022, the Board of Directors approved an additional stock repurchase plan authorizing the Company to purchase up

to 1,100,000 shares, or 5%, of its outstanding common stock.

(2) Repurchase of 15,596 shares related to tax obligations for shares of restricted stock that vested

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.

2024 Plan commenced upon the completion of the prior existing repurchase plan on June

(2) Repurchase

of 17,695 shares related to tax obligations for shares of restricted stock that vested

on December 31, 2024 under our 2021 Omnibus Incentive Plan.

These repurchases were reported by each reporting person on January

Stock Performance Graph.

The following graph compares

our total cumulative shareholder return (which assumes the reinvestment of all dividends) by an investor who invested $100.00 on

December 31, 2018 to December 31, 2023, to the total return by an investor who invested $100.00 in the S&P U.S.

$1 Billion - $5 Billion, the S&P U.S.

BMI Banks New England Region Index and the NASDAQ Bank Index.

COMPARISON OF 5 YEAR CUMULATIVE TOTAL

Among Western New England Bancorp, Inc.,

These repurchases were reported

by each reporting person on January 3, 2025.

Performance Graph.

following graph compares our total cumulative shareholder return (which assumes the reinvestment of all dividends) by an investor

who invested $100.00 on December 31, 2019 to December 31, 2024, to the total return by an investor who invested $100.00 in the

Banks Index $1 Billion - $5 Billion, the S&P U.S.

BMI Banks New England Region Index and the NASDAQ Bank Index.

Period Ending

Western New England Bancorp, Inc.

OF 5 YEAR CUMULATIVE TOTAL RETURN

Western New England Bancorp, Inc., the S&P U.S.

Banks Index $1 Billion - $5 Billion, the S&P U.S.

BMI Banks New England

Region Index and the NASDAQ Bank Index

New England Bancorp, Inc.

Banks $1 Billion - $5 Billion

BMI Banks New England Region Index

NASDAQ Bank Index

SELECTED FINANCIAL DATA.

FINANCIAL DATA.

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-K

Item 5. Market for Registrant’s Common Equity