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Webster Financial (NYSE: WBS) EVP withholds shares for taxes

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
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.

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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)
  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.
SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Berner Kristy

(Last) (First) (Middle)
C/O WEBSTER FINANCIAL CORP
200 ELM STREET

(Street)
STAMFORD CT 06902

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
WEBSTER FINANCIAL CORP [ WBS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP, GC & Corp Sec
3. Date of Earliest Transaction (Month/Day/Year)
03/02/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 03/02/2026 F 783(1) D $72.13 16,584.369 D
Common Stock 03/03/2026 F 597(2) D $71.4 15,987.369 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. Represents the tax withholding upon the vesting of certain time-based restricted shares granted on March 1, 2023 and March 1, 2024.
2. Represents the tax withholding upon the vesting of certain time-based restricted shares granted on March 3, 2025.
Remarks:
/s/ Bradley Larkin, attorney-in-fact 03/04/2026
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

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.

How many Webster Financial (WBS) shares were disposed of for tax withholding?

A total of 1,380 Webster Financial common shares were disposed of for tax withholding across two transactions. This included 783 shares on March 2, 2026 at $72.13 per share and 597 shares on March 3, 2026 at $71.40 per share, all reported as non-open-market dispositions.

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.

How many Webster Financial (WBS) shares does Kristy Berner own after these transactions?

After these tax-withholding dispositions, Kristy Berner directly owned 15,987.369 Webster Financial common shares. The holdings figure reflects her remaining direct ownership following the March 2, 2026 and March 3, 2026 transactions that used company stock to satisfy associated tax obligations.

What awards triggered the tax-withholding share dispositions at Webster Financial (WBS)?

The tax-withholding dispositions were triggered by vesting of time-based restricted shares previously granted to Kristy Berner. Footnotes explain they relate to awards granted on March 1, 2023, March 1, 2024, and March 3, 2025, with shares withheld upon vesting to cover related tax liabilities.