Webster (NYSE: WBS) CFO logs 17K-share vesting and tax withholding
Rhea-AI Filing Summary
WEBSTER FINANCIAL CORP EVP and CFO William Neal Holland reported equity compensation activity in common stock on August 13, 2026. He acquired 17,149 shares upon vesting of performance shares that were accelerated under a Transaction Agreement among Webster Financial Corporation, Banco Santander, S.A. and Webster Virginia Corporation. In connection with this vesting, 7,948 performance-based shares and 4,669 time-based restricted shares were withheld at $79.07 per share to satisfy tax withholding obligations.
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Insights
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Insider Trade Summary
Net Buyer: 4,532 shares
Net Buy
3 txns
Insider
HOLLAND WILLIAM NEAL
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 17,149 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 7,948 | $79.07 | $628K |
| Tax Withholding | Common Stock F3 | 4,669 | $79.07 | $369K |
Holdings After Transaction:
Common Stock — 53,389 shares (Direct)
Footnotes (3)
- F1. Represents the vesting of certain performance shares that were accelerated pursuant to the Transaction Agreement, dated as of February 3, 2026, by and among Webster Financial Corporation, Banco Santander, S.A. and Webster Virginia Corporation.
- F2. Represents the tax withholding upon the vesting of certain performance shares that were accelerated pursuant to the Transaction Agreement, dated as of February 3, 2026, by and among Webster Financial Corporation, Banco Santander, S.A. and Webster Virginia Corporation.
- F3. Represents the tax withholding upon the vesting of certain time-based restricted shares that were accelerated pursuant to the Transaction Agreement, dated as of February 3, 2026, by and among Webster Financial Corporation, Banco Santander, S.A. and Webster Virginia Corporation.
Key Figures
Shares vested (performance): 17,149 shares
Shares withheld for taxes (performance): 7,948 shares
Shares withheld for taxes (time-based restricted): 4,669 shares
+2 more
5 metrics
Shares vested (performance)
17,149 shares
Vesting of performance shares accelerated under the Transaction Agreement on 2026-08-13
Shares withheld for taxes (performance)
7,948 shares
Tax withholding upon vesting of certain performance shares at $79.07 per share
Shares withheld for taxes (time-based restricted)
4,669 shares
Tax withholding upon vesting of certain time-based restricted shares at $79.07 per share
Total shares withheld for taxes
12,617 shares
Aggregate of both tax-withholding transactions reported with code F
Tax withholding price
$79.07 per share
Per-share value used for both Form 4 code F tax-withholding transactions
Key Terms
Transaction Agreement, performance shares, time-based restricted shares, tax withholding
4 terms
Transaction Agreement regulatory
"shares that were accelerated pursuant to the Transaction Agreement, dated as of February 3, 2026"
A transaction agreement is a legal contract that lays out the terms and steps for a specific business deal—such as a merger, acquisition, asset sale, financing, or securities purchase. It defines what each party must do, what is being exchanged, conditions that must be met, and how disputes are handled. For investors it matters because this document determines the rights, timing, risks, and potential payments they can expect from the deal, much like a recipe and schedule that guides a complex group project.
tax withholding financial
"Represents the tax withholding upon the vesting of certain performance 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.
FAQ
What equity transactions did WBS CFO William Neal Holland report on this Form 4?
Holland reported vesting of 17,149 common shares from performance awards and tax withholding via share dispositions totaling 12,617 shares. These events reflect equity compensation mechanics rather than open-market buying or selling.
What was the price used for tax withholding in the WBS insider transactions?
The tax withholding transactions used a per-share price of $79.07 for both the 7,948 performance-based shares and 4,669 time-based restricted shares that were withheld to cover tax obligations on the vesting.
AI-generated analysis. How Rhea-AI works. Not financial advice.