Webster (NYSE: WBS) exec sees 14,948 shares vest as 8,533 cover taxes
Rhea-AI Filing Summary
WEBSTER FINANCIAL CORP executive Kristy Berner reported equity compensation-related activity in Common Stock on August 13, 2026. She acquired 14,948 shares upon the vesting of accelerated performance shares under a Transaction Agreement involving Banco Santander, S.A. and Webster Virginia Corporation. On the same date, a total of 8,533 shares were disposed of at $79.07 per share to satisfy tax withholding obligations tied to the accelerated vesting of performance shares and time-based restricted shares.
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Insights
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Insider Trade Summary
Net Buyer: 6,415 shares
Net Buy
3 txns
Insider
Berner Kristy
Role
EVP, GC & Corp Sec
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 14,948 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 6,635 | $79.07 | $525K |
| Tax Withholding | Common Stock F3 | 1,898 | $79.07 | $150K |
Holdings After Transaction:
Common Stock — 30,596.369 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 acquired via vesting: 14,948 shares
Shares withheld for tax: 6,635 shares
Additional shares withheld for tax: 1,898 shares
+2 more
5 metrics
Shares acquired via vesting
14,948 shares
Common Stock from accelerated performance shares vesting on August 13, 2026
Shares withheld for tax
6,635 shares
Tax withholding on accelerated performance share vesting at $79.07 per share
Additional shares withheld for tax
1,898 shares
Tax withholding on accelerated time-based restricted share vesting at $79.07 per share
Tax withholding price
$79.07 per share
Applied to 6,635 and 1,898 withheld Common Stock shares
Total F-code tax-withholding shares
8,533 shares
Combined Common Stock shares delivered or withheld to cover tax liabilities
Key Terms
performance shares, time-based restricted shares, tax withholding, Transaction Agreement
4 terms
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.
Transaction Agreement regulatory
"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.
FAQ
What insider transactions did WBS executive Kristy Berner report on August 13, 2026?
Kristy Berner reported 14,948 Common Stock shares acquired through vesting of accelerated performance shares and 8,533 shares disposed to cover tax withholding tied to those vestings at $79.07 per share.
Was the August 13, 2026 Form 4 for WBS a market buy or sell by Kristy Berner?
The Form 4 shows equity award vesting and tax withholding, not an open-market trade. Shares were acquired via vesting and a portion, 8,533 shares, was withheld or delivered to satisfy tax liabilities.
What is the nature of the F-code transactions in Kristy Berner’s WBS Form 4?
The F-code entries represent payment of tax liability by delivering or withholding securities. Specifically, 6,635 shares and 1,898 shares of Common Stock were withheld at $79.07 per share upon vesting of accelerated performance and time-based restricted shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.