Webster Financial (WBS) Form 144 Filed for 1,308-Share Sale
Rhea-AI Filing Summary
Form 144 notice for Webster Financial Corporation (WBS) indicates a proposed sale of 1,308 common shares valued at approximately $80,115 to be sold on or about 08/22/2025 through Fidelity Brokerage Services (NYSE). The filer acquired the shares by restricted stock vesting on 02/24/2020 (847 shares) and 05/04/2024 (461 shares), with payment characterized as compensation. The filing also discloses a sale of 3,000 common shares on 07/21/2025 that generated $183,366.13 in gross proceeds. The notice includes the standard representation that the seller has no undisclosed material adverse information.
Positive
- Planned sale fully disclosed including broker, share count, and estimated market value
- Acquisition details provided (dates and that shares were from restricted stock vesting), supporting compliance with Rule 144
- Recent sale disclosed with gross proceeds ($183,366.13), increasing transparency about insider transactions
Negative
- None.
Insights
TL;DR: Routine insider sale notice; limited market impact unless part of a larger pattern.
The Form 144 documents a proposed sale of 1,308 vested restricted shares and a recent sale of 3,000 shares. Amounts disclosed are modest relative to typical bank market capitalizations, so this filing alone is unlikely to move valuations. It does, however, provide transparency on insider liquidity events and timing, showing reliance on Rule 144 transfer mechanisms and use of a major broker.
TL;DR: Procedurally compliant filing with required disclosures; no red flags in the notice itself.
The notice lists acquisition dates, nature of acquisition (restricted stock vesting), and declares no undisclosed material adverse information. The inclusion of a recent completed sale and specifics about broker and proceeds demonstrates adherence to disclosure obligations under Rule 144. There are no explicit regulatory or governance concerns presented in this document.