Webster Financial (NYSE: WBS) dropped from NYSE listing
Rhea-AI Filing Summary
WEBSTER FINANCIAL CORP (WBS) is being removed from listing and/or registration under Section 12(b) of the Securities Exchange Act of 1934 on the New York Stock Exchange. The action covers its Common Stock and two series of preferred stock depositary shares.
The affected preferred instruments are Depositary Shares representing a 1/1,000th interest in a share of 5.25% Series F Non-Cumulative Perpetual Preferred Stock and Depositary Shares representing a 1/40th interest in a share of 6.50% Series G Non-Cumulative Perpetual Preferred Stock. The NYSE certifies it has complied with its rules and the SEC’s Form 25 requirements for this removal.
Positive
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Negative
- None.
Key Figures
Commission File Number: 001-31486
Series F Preferred Dividend Rate: 5.25%
Series G Preferred Dividend Rate: 6.50%
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5 metrics
Commission File Number
001-31486
File number for Webster Financial Corp under the Securities Exchange Act of 1934
Series F Preferred Dividend Rate
5.25%
Rate on Series F Non-Cumulative Perpetual Preferred Stock represented by depositary shares
Series G Preferred Dividend Rate
6.50%
Rate on Series G non-cumulative perpetual preferred stock represented by depositary shares
Series F Depositary Share Interest
1/1,000th interest per share
Each depositary share represents a 1/1,000th interest in a share of Series F preferred stock
Series G Depositary Share Interest
1/40th interest per share
Each depositary share represents a 1/40th interest in a share of Series G preferred stock
Key Terms
Form 25, Section 12(b), Non-Cumulative Perpetual Preferred Stock, Depositary Shares, +1 more
5 terms
Form 25 regulatory
"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING AND/OR REGISTRATION"
A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.
Section 12(b) regulatory
"removal from listing and/or registration under Section 12(b) of the Securities"
Section 12(b) of the U.S. Securities Exchange Act requires securities listed on a national stock exchange to be registered with the U.S. Securities and Exchange Commission (SEC) and to follow regular public reporting and disclosure rules. For investors, a 12(b) listing generally means more routine financial updates, regulatory oversight and easier buying and selling—like a storefront that must display its inventory and prices, making it simpler to inspect and trade the product.
Non-Cumulative Perpetual Preferred Stock financial
"5.25% Series F Non-Cumulative Perpetual Preferred Stock; Depositary Shares"
Non-cumulative perpetual preferred stock is a type of investment that pays a fixed dividend forever, without a set end date. If the company skips some dividends in a year, you don’t get that money later, and it’s gone forever. It matters because investors get regular income but may miss out if the company faces financial trouble.
17 CFR 240.12d2-2 regulatory
"Please 12d2-2(a)(1) 17 CFR 240.12d2-2(a)(2)"
A U.S. Securities and Exchange Commission rule that describes the conditions and procedural steps for a security to be removed from public registration or reporting under the Securities Exchange Act of 1934. For investors, it matters because it explains when a company’s shares can stop being subject to regular disclosure and exchange listing rules — similar to knowing when a publicly tracked product will be discontinued and no longer send updates, which affects transparency and liquidity.
FAQ
What does Webster Financial Corp (WBS) disclose in this Form 25 filing?
Webster Financial Corp reports that its Common Stock and two series of preferred stock depositary shares are being removed from listing and/or registration under Section 12(b) of the Securities Exchange Act on the New York Stock Exchange.
Which securities of WBS are affected by the NYSE removal?
The affected securities are Webster’s Common Stock, Depositary Shares representing a 1/1,000th interest in 5.25% Series F Non-Cumulative Perpetual Preferred Stock, and Depositary Shares representing a 1/40th interest in 6.50% Series G Non-Cumulative Perpetual Preferred Stock.
What interest rates apply to the WBS preferred stock series mentioned?
The filing describes 5.25% Series F Non-Cumulative Perpetual Preferred Stock and 6.50% Series G Non-Cumulative Perpetual Preferred Stock, each represented by depositary shares with fractional interests in the underlying preferred shares.
What regulatory basis is cited for Webster Financial Corp’s NYSE delisting?
The removal is made under Section 12(b) of the Securities Exchange Act and related rules, including 17 CFR 240.12d2-2(a), 12d2-2(b), and 12d2-2(c), which govern striking securities from listing and voluntary withdrawal.
Who certifies compliance for the WBS Form 25 delisting from NYSE?
The New York Stock Exchange LLC certifies it has reasonable grounds to believe it meets all requirements for filing Form 25, with the notification signed by Anthony Sozzi, Analyst, Market Watch, as a duly authorized person.
AI-generated analysis. How Rhea-AI works. Not financial advice.
