Webster Financial (WBS) Chief Credit Officer granted 8,194 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WEBSTER FINANCIAL CORP Chief Credit Officer Jason A. Soto reported an acquisition of company stock through a compensation grant. He received 8,194 shares of common stock as a time-based restricted stock award at no cash cost, which will vest in three equal installments over the next three years. Following this grant, he directly holds 40,785 common shares and has an additional 1,775.134 shares held indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
SOTO JASON A.
Role
Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 8,194 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 40,785 shares (Direct);
Common Stock — 1,775.134 shares (Indirect, 401(k) Plan)
Footnotes (1)
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FAQ
What insider transaction did Jason A. Soto report for WEBSTER FINANCIAL CORP (WBS)?
Jason A. Soto reported receiving 8,194 shares of WEBSTER FINANCIAL CORP common stock as a time-based restricted stock grant. The award carries no cash purchase price and represents equity compensation rather than an open-market buy, according to the Form 4 data and accompanying footnote.
What role does Jason A. Soto hold at WEBSTER FINANCIAL CORP (WBS)?
Jason A. Soto is the Chief Credit Officer of WEBSTER FINANCIAL CORP. The Form 4 shows he received a time-based restricted stock grant as part of his compensation, reflecting equity-based incentives tied to his executive responsibilities overseeing the company’s credit function.
Was Jason A. Soto’s WEBSTER FINANCIAL CORP (WBS) stock award an open-market purchase?
The reported 8,194 WEBSTER FINANCIAL CORP shares were granted at a price of $0.0000 per share as a time-based restricted stock award. This indicates compensation-related acquisition, not an open-market purchase, and is categorized as a grant or award on the Form 4.