Webster Financial (NYSE: WBS) EVP withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Webster Financial Corp executive Kristy Berner reported two tax-withholding share dispositions tied to restricted stock vesting. On March 2, 2026, 783 shares of common stock were withheld at $72.13 per share, and on March 3, 2026, 597 shares were withheld at $71.40 per share. These transactions satisfied tax obligations upon vesting of time-based restricted shares granted on March 1, 2023, March 1, 2024, and March 3, 2025. After these non‑open‑market dispositions, Berner directly held 15,987.369 shares of Webster Financial common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Berner Kristy
Role
EVP, GC & Corp Sec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 597 | $71.40 | $43K |
| Tax Withholding | Common Stock | 783 | $72.13 | $56K |
Holdings After Transaction:
Common Stock — 15,987.369 shares (Direct)
Footnotes (1)
- Represents the tax withholding upon the vesting of certain time-based restricted shares granted on March 1, 2023 and March 1, 2024. Represents the tax withholding upon the vesting of certain time-based restricted shares granted on March 3, 2025.
FAQ
What did Webster Financial (WBS) executive Kristy Berner report in this Form 4?
Kristy Berner reported two tax-withholding dispositions of Webster Financial common stock related to restricted stock vesting. The transactions used shares to cover tax liabilities rather than representing open-market sales, and they are a routine consequence of time-based restricted share awards vesting.
Were Kristy Berner’s Webster Financial (WBS) transactions open-market sales?
No, the reported transactions were not open-market sales but tax-withholding dispositions. The Form 4 describes them as payment of tax liability by delivering securities upon vesting of time-based restricted shares, which is a standard administrative mechanism rather than a discretionary sale into the market.