Webster Financial (NYSE: WBS) CEO granted 65,735 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
CIULLA JOHN R reported acquisition or exercise transactions in this Form 4 filing.
Webster Financial Corp Chairman and CEO John R. Ciulla received a grant of 65,735 shares of Common Stock as a time-based restricted stock award. The shares were granted at no cash cost and will vest in three equal installments over the next three years.
After the grant, Ciulla directly holds 297,838 Common shares. He also has an additional 17,187.259 Common shares held indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
CIULLA JOHN R
Role
Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 65,735 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 297,838 shares (Direct);
Common Stock — 17,187.259 shares (Indirect, 401(k)Plan)
Footnotes (1)
- [object Object]
FAQ
What did Webster Financial (WBS) CEO John Ciulla report on this Form 4?
John R. Ciulla reported receiving a grant of 65,735 Webster Financial Common shares. These are time-based restricted shares awarded as compensation, with no cash purchase price, and they will vest over several years rather than being immediately unrestricted.
How is the CEO’s 401(k) position in Webster Financial (WBS) stock reported?
The filing reports 17,187.259 Webster Financial Common shares held indirectly through a 401(k) plan. This entry is categorized as indirect ownership and reflects retirement-plan holdings separate from the CEO’s directly owned 297,838 Common shares after the grant.