Insider holdings correction at Webster Financial (NYSE: WBS) after Form 4 error
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Webster Financial Corp filed an amended insider report for Benjamin L. Krynick, Head of Bank Operations. The amendment corrects his directly owned common stock holdings in Column 5 from 11,924.51 to 11,928.51 shares, fixing an administrative error. The additional shares had already been received through dividend reinvestments and do not reflect a new purchase or sale, but simply update the previously reported balance related to an earlier Form 4 that reported tax withholding of restricted stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KRYNICK BENJAMIN L.
Role
Head of Bank Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 11,928.51 shares (Direct)
Footnotes (1)
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FAQ
What does the latest Form 4/A filing for Webster Financial (WBS) change?
The Form 4/A amends Benjamin L. Krynick’s reported common stock holdings. It adjusts the shares beneficially owned in Column 5 from 11,924.51 to 11,928.51, correcting an administrative error and reflecting shares previously received through dividend reinvestments, not a new transaction.
Who is the insider in Webster Financial (WBS)'s amended Form 4/A?
The reporting person is Benjamin L. Krynick, Head of Bank Operations at Webster Financial Corp. The amendment only updates his directly owned common stock holdings figure, correcting a small administrative error related to prior reporting, with no new buy or sell activity disclosed.
Does the Webster Financial (WBS) Form 4/A show any new insider buying or selling?
The Form 4/A does not show new insider buying or selling. It amends prior information to correct the number of common shares beneficially owned after an earlier tax withholding transaction, reflecting dividend reinvestment shares and fixing an administrative reporting error.
Why was Webster Financial (WBS)'s original Form 4 amended?
The original Form 4 was amended to fix an administrative error in the reported holdings. The number of securities beneficially owned in Column 5 was adjusted from 11,924.51 to 11,928.51 shares, adding shares that had already been acquired through dividend reinvestments.
What role did dividend reinvestments play in Webster Financial (WBS)'s Form 4/A change?
The additional shares reflected in the amended holdings were previously received through dividend reinvestments. These reinvested dividends increased Benjamin L. Krynick’s common stock balance, and the Form 4/A ensures that the reported beneficial ownership correctly includes those reinvested shares.