Webster Financial (NYSE: WBS) CFO has shares withheld for taxes
Rhea-AI Filing Summary
Webster Financial Corp executive William Neal Holland, EVP and CFO, reported a tax-withholding disposition of 2,428 shares of common stock on July 27, 2026. The shares were withheld to cover tax liability upon vesting of time-based restricted shares granted on July 25, 2024. After this transaction, Holland directly owned 48,857 shares of Webster Financial common stock, recorded as payment of tax liability by delivering or withholding securities.
Positive
- None.
Negative
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Insider Trade Summary
Net Seller: 2,428 shares
Net Sell
1 txn
Insider
HOLLAND WILLIAM NEAL
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F1 | 2,428 | $76.07 | $185K |
Holdings After Transaction:
Common Stock — 48,857 shares (Direct)
Footnotes (1)
- F1. This transaction represents the tax withholding upon the vesting of certain time-based restricted shares granted on July 25, 2024.
Key Figures
Shares withheld for taxes: 2,428 shares
Tax withholding price: $76.07 per share
Direct holdings after transaction: 48,857 shares
3 metrics
Shares withheld for taxes
2,428 shares
Common stock withheld on 2026-07-27 to satisfy tax liability on vesting restricted shares
Tax withholding price
$76.07 per share
Per-share value used for common stock withheld as payment of tax liability
Direct holdings after transaction
48,857 shares
Common shares directly owned by EVP and CFO William Neal Holland after the withholding
Key Terms
tax withholding, time-based restricted shares, vesting
3 terms
tax withholding financial
"This transaction represents the tax withholding upon the vesting of certain time-based restricted shares"
Tax withholding is the practice of taking a portion of a payment—such as wages, dividends, or sale proceeds—before it reaches the recipient and sending that portion to the tax authority as an advance on the recipient’s eventual tax bill. For investors it matters because withholding reduces immediate cash received and affects after‑tax returns, estimated tax payments, and whether you may owe more or receive a refund when taxes are finally calculated, like having a small automatic savings set aside for your tax bill.
vesting financial
"tax withholding upon the vesting of certain time-based restricted shares granted"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Webster Financial (WBS) report for its CFO?
Webster Financial’s EVP and CFO William Neal Holland reported a tax-withholding disposition of 2,428 common shares on July 27, 2026, at $76.07 per share to satisfy tax obligations triggered by vesting of time-based restricted shares granted on July 25, 2024.
Was the Webster Financial (WBS) CFO’s transaction an open-market sale?
No. The transaction was recorded as payment of tax liability by delivering or withholding shares, not an open-market sale. Shares were withheld in connection with the vesting of time-based restricted stock rather than sold on the market for discretionary trading purposes.