Webster Financial (WBS) Form 3: Officer reports direct and 401(k) holdings
Rhea-AI Filing Summary
Webster Financial Corporation (WBS) Form 3 shows Gregory Madar, identified as a Director and Chief Accounting Officer, reporting initial beneficial ownership following a 09/03/2025 event. He directly owns 8,274.579 shares of common stock and indirectly holds 653.315 shares through a 401(k) plan. The filing was signed by an attorney-in-fact on 09/10/2025.
Positive
- Full Section 16 disclosure provided including direct and indirect holdings
- Includes Power of Attorney (Exhibit 24) enabling timely signature and filing
Negative
- None.
Insights
TL;DR Initial ownership filing discloses modest personal and plan-held common stock by an officer/director; appears routine for Section 16 reporting.
The Form 3 documents an initial beneficial ownership position for an officer who also serves as a director. Reported amounts are small relative to a typical public company float and include a standard indirect holding via a 401(k) plan. The filing meets Section 16 disclosure elements: issuer, reporting person, relationship, number of shares, ownership form, and signature via power of attorney.
TL;DR Disclosure is compliant and routine; no material governance issues disclosed.
The record shows the reporting person holds both direct and plan-based equity, a common arrangement for executives. There is no indication of derivative holdings, amendments, or unusual ownership structures. Signature by attorney-in-fact and Exhibit 24 (Power of Attorney) are standard governance mechanics for timely filing.