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Webster Financial (WBS) COO logs share award and tax-withholding trades

Filing Impact
(Very High)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Webster Financial Corp President and COO Luis Massiani reported multiple equity-related transactions in company common stock. On March 2, 2026, he acquired 17,962 shares at $0.00 per share as a grant tied to performance share vesting for the three-year period ending December 31, 2025. On March 2 and March 3, he disposed of shares in several tax-withholding transactions totaling 2,314 shares at $71.40 and 14,134 shares at $72.13, covering tax obligations upon vesting of performance and time-based restricted shares. After these transactions, he directly owned 114,837.85 common shares.

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Insider Massiani Luis
Role President and COO
Type Security Shares Price Value
Tax Withholding Common Stock 2,314 $71.40 $165K
Grant/Award Common Stock 17,962 $0.00 --
Tax Withholding Common Stock 9,175 $72.13 $662K
Tax Withholding Common Stock 4,959 $72.13 $358K
Holdings After Transaction: Common Stock — 114,837.85 shares (Direct)
Footnotes (1)
  1. Represents the vesting of performance shares for the three-year period ending December 31, 2025, as approved by the Compensation and Human Resources Committee on January 28, 2026. Represents the tax withholding upon the vesting of certain performance shares granted on March 1st, 2023. 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.
Form 4 Insider Transactions: What Each Field Means →
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*
Massiani Luis
(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)
President and COO
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 A 17,962(1) A $0 131,285.85 D
Common Stock 03/02/2026 F 9,175(2) D $72.13 122,110.85 D
Common Stock 03/02/2026 F 4,959(3) D $72.13 117,151.85 D
Common Stock 03/03/2026 F 2,314(4) D $71.4 114,837.85 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 vesting of performance shares for the three-year period ending December 31, 2025, as approved by the Compensation and Human Resources Committee on January 28, 2026.
2. Represents the tax withholding upon the vesting of certain performance shares granted on March 1st, 2023.
3. Represents the tax withholding upon the vesting of certain time-based restricted shares granted on March 1, 2023 and March 1, 2024.
4. 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Webster Financial (WBS) report for Luis Massiani?

Luis Massiani reported a grant of 17,962 Webster Financial common shares and several tax-withholding share dispositions. These transactions reflect equity award vesting and related tax settlements, not open-market buying or selling activity.

How many Webster Financial (WBS) shares did Luis Massiani acquire in this Form 4?

He acquired 17,962 Webster Financial common shares at $0.00 per share as a grant. The award relates to performance shares for the three-year period ending December 31, 2025, approved by the Compensation and Human Resources Committee.

Why did Luis Massiani dispose of Webster Financial (WBS) shares in this filing?

The share disposals were for tax withholding upon vesting of performance and time-based restricted shares. Shares were delivered to cover tax liabilities, not sold on the open market, using transaction code F.

What prices were used for the tax-withholding share dispositions in Webster Financial (WBS)?

Tax-withholding dispositions occurred at $71.40 and $72.13 per Webster Financial common share. These prices were used to calculate the value of shares delivered to satisfy the insider’s tax obligations on vested awards.

How many Webster Financial (WBS) shares does Luis Massiani own after these transactions?

Following the reported award and tax-withholding dispositions, Luis Massiani directly owns 114,837.85 Webster Financial common shares. This reflects his updated direct equity position after the vesting-related adjustments.

What do the performance shares in the Webster Financial (WBS) Form 4 represent?

The performance shares represent an equity award that vested over a three-year period ending December 31, 2025. Their vesting, approved by the Compensation and Human Resources Committee, resulted in the 17,962-share grant reported in this filing.