Webster Financial (NYSE: WBS) CRO logs tax share withholding and ESPP buys
Rhea-AI Filing Summary
WEBSTER FINANCIAL CORP executive Jason E. Schugel, Chief Risk Officer, reported a Form 4 for company common stock. On August 13, 2026, 830 shares of common stock were disposed of at $79.07 per share as a tax withholding transaction upon the vesting of time-based restricted shares that were accelerated under a Transaction Agreement among Webster Financial Corporation, Banco Santander, S.A. and Webster Virginia Corporation. The filing also notes that 470.192 shares have been purchased through Webster Financial Corporation's Employee Stock Purchase Plan since the most recent Form 4 filed on March 13, 2026.
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Insider Trade Summary
Net Seller: 830 shares
Net Sell
2 txns
Insider
Schugel Jason E.
Role
Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock F2 | 830 | $79.07 | $66K |
| holding | Common Stock F1 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 40,498.384 shares (Direct)
Footnotes (2)
- F1. Reflects 470.192 shares purchased through Webster Financial Corporation's Employee Stock Purchase Plan, as amended and restated effective April 1, 2019, since most recent Form 4 filed on March 13, 2026.
- F2. 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 used for tax withholding: 830 shares
Tax-withholding price per share: $79.07 per share
ESPP shares purchased since prior Form 4: 470.192 shares
+2 more
5 metrics
Shares used for tax withholding
830 shares
Common stock disposed of on August 13, 2026 to satisfy tax withholding
Tax-withholding price per share
$79.07 per share
Valuation applied to 830 shares used for tax withholding
ESPP shares purchased since prior Form 4
470.192 shares
Purchased through Employee Stock Purchase Plan since Form 4 filed March 13, 2026
ExercisePriceOrTaxLiabilityShares
830 shares
Shares associated with payment of exercise price or tax liability (Code F) in transaction summary
ExercisePriceOrTaxLiabilityCount
1 transaction
Number of Code F transactions reported in the summary
Key Terms
Employee Stock Purchase Plan, time-based restricted shares, tax withholding, Transaction Agreement
4 terms
Employee Stock Purchase Plan financial
"Reflects 470.192 shares purchased through Webster Financial Corporation's Employee Stock Purchase Plan"
An employee stock purchase plan is a company program that lets workers buy shares through small payroll deductions, often at a discount to the market price and after a set offering period. Think of it like a workplace savings plan that turns into ownership: it encourages employees to share in the company’s success and can create predictable buying or selling of stock that investors watch because it affects supply, demand and employee incentives.
tax withholding financial
"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.
Transaction Agreement financial
"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 transaction did WBS Chief Risk Officer Jason E. Schugel report on this Form 4?
Jason E. Schugel reported a Code F tax-withholding disposition of 830 common shares of Webster Financial Corp. The shares were withheld upon vesting of time-based restricted stock, rather than sold in an open-market transaction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
