Webster Financial (WBS) director Haas receives 1,596-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Haas William David reported acquisition or exercise transactions in this Form 4 filing.
WEBSTER FINANCIAL CORP director William David Haas received a grant of 1,596 shares of common stock as restricted stock. The award was granted on May 21, 2026 at no cash cost to him, increasing his direct holdings to 6,261 shares.
The restricted stock will vest on the one-year anniversary of the grant date and then be subject to an additional two-year holding period after vesting, meaning Haas must keep these shares for a total of three years from grant before they are fully unrestricted.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Haas William David
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,596 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 6,261 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock grant: 1,596 shares
Holdings after transaction: 6,261 shares
Vesting period: One year
+1 more
4 metrics
Restricted stock grant
1,596 shares
Common stock award granted May 21, 2026
Holdings after transaction
6,261 shares
Total direct common stock owned after grant
Vesting period
One year
Restricted stock vests one year from grant date
Post-vesting holding period
Two years
Mandatory holding period after vesting
Key Terms
restricted stock, vest, holding period, grant, award, or other acquisition
4 terms
restricted stock financial
"Reflects a grant of restricted stock made to the reporting person"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
vest financial
"that will vest on the one-year anniversary of the date of grant"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
holding period financial
"The restricted stock also has a two-year holding period following the vesting period"
grant, award, or other acquisition financial
"transaction_code_description: Grant, award, or other acquisition"
FAQ
What insider transaction did WEBSTER FINANCIAL CORP (WBS) report for William David Haas?
WEBSTER FINANCIAL CORP reported that director William David Haas received a grant of 1,596 shares of restricted common stock. This is a compensation-related stock award, not an open-market purchase or sale, and increases his direct ownership stake in the company.
What are the vesting terms of William David Haas’s restricted stock in WEBSTER FINANCIAL CORP (WBS)?
The restricted stock granted to William David Haas will vest on the one-year anniversary of the May 21, 2026 grant date. Vesting means the award becomes earned compensation, but the shares still face an additional mandatory holding period before becoming fully unrestricted.
How long must William David Haas hold his WEBSTER FINANCIAL CORP (WBS) restricted shares after vesting?
Following vesting, the restricted stock has a two-year holding period. This means that even after the shares vest one year after grant, Haas must retain them for another two years before they are fully free of restrictions and can be freely transferred.
Did William David Haas pay cash for his WEBSTER FINANCIAL CORP (WBS) restricted stock grant?
No, the Form 4 reports the transaction price per share as 0.0000, indicating the 1,596-share restricted stock grant was compensation rather than a cash purchase. Such awards are typically part of director or executive equity-based compensation programs.
Is William David Haas’s WEBSTER FINANCIAL CORP (WBS) transaction a buy or a sale on the market?
The transaction is classified as a grant or award acquisition, not a market buy or sale. The Form 4 uses transaction code “A” and describes it as a grant, award, or other acquisition, reflecting stock-based compensation rather than open-market trading activity.