WBS Insider Files Form 144 to Sell 2,000 Vested Shares via Fidelity
Rhea-AI Filing Summary
Form 144 notice for Webster Financial Corp (WBS)
The filer notifies a proposed sale of 2,000 common shares through Fidelity Brokerage Services LLC on 09/15/2025 with an aggregate market value of $123,150. The filing states the company has 166,188,648 shares outstanding. All 2,000 shares reported were acquired by restricted stock vesting on four dates (02/19/2017: 423 shares; 02/25/2018: 631 shares; 03/01/2022: 584 shares; 03/01/2023: 362 shares) and were granted as compensation. The filer certifies they are not aware of any undisclosed material adverse information about the issuer. No securities were reported sold in the past three months.
Positive
- Clear disclosure of the number of shares, broker, planned sale date, and aggregate market value
- Acquisition history provided with vesting dates and share counts showing these are compensation-origin shares
- Filer certification that no undisclosed material adverse information is known
- No reported sales in the past three months for the selling person
Negative
- None.
Insights
TL;DR: Routine officer/insider sale of vested restricted shares; small in absolute size relative to outstanding shares.
The filing documents a proposed sale of 2,000 vested common shares via Fidelity on a specified date with an aggregate value of $123,150. Acquisitions are clearly listed by vesting date and amount, showing these are compensation-origin shares rather than open-market purchases. The notice includes the standard representation that no material nonpublic information is known. Given the small size relative to 166 million shares outstanding, this appears to be an administrative sale of vested equity rather than a strategic disposition.
TL;DR: Filing reflects compliance with Rule 144 disclosure requirements for sale of vested restricted stock.
The form lists acquisition details, broker information, and the required certification about material information, indicating procedural compliance. The breakdown of vesting dates and share counts provides transparency on the origin of the shares. The absence of sales in the past three months is noted. This is a standard disclosure for an insider disposing of vested compensation shares.