Webster Financial CRO has 830 shares withheld

WEBSTER FINANCIAL CORP executive Jason E. Schugel, Chief Risk Officer, reported a Form 4 for company common stock.

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.

Insider Trade Summary

Tax Withholding: 830 shares

Tax Withholding 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)

1. 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.
2. 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.

time-based restricted shares financial

"Represents the tax withholding upon the vesting of certain time-based restricted shares"

Time-based restricted shares are company stock granted to employees or insiders that cannot be sold or fully owned until they unlock after a set period of time. Think of them like a savings account that gradually becomes accessible: they help keep key people tied to the company and can change the total number of tradable shares when they become available, which matters for investor returns and expectations about future selling pressure.

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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

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.

At what price were the 830 WBS shares used for tax withholding valued?

The 830 shares used for tax withholding were valued at $79.07 per share. This valuation reflects the share price applied to the withholding upon vesting of the accelerated time-based restricted shares.

What is the purpose of the 830-share transaction reported by WBS insider Jason E. Schugel?

The 830-share transaction represents tax withholding upon vesting of certain time-based restricted shares. The shares were delivered or withheld to satisfy tax obligations tied to awards accelerated under a Transaction Agreement.

Did Jason E. Schugel report any share purchases related to WBS in this period?

Yes. The filing notes that 470.192 shares were purchased through Webster Financial Corporation's Employee Stock Purchase Plan since the prior Form 4 filed on March 13, 2026. These purchases are reflected in the updated holdings footnote.

What agreement is referenced in connection with the restricted share vesting for WBS?

The vesting and tax-withholding event is linked to a Transaction Agreement dated February 3, 2026 among Webster Financial Corporation, Banco Santander, S.A. and Webster Virginia Corporation, which accelerated certain time-based restricted share awards.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 08/17/2026 - 08:20 AM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Schugel Jason E.

(Last) (First) (Middle)

C/O WEBSTER FINANCIAL CORPORATION

200 ELM STREET

(Street)

STAMFORD CONNECTICUT 06902

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
WEBSTER FINANCIAL CORP [ WBS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Risk Officer

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock								20,664.192(1)	D
Common Stock	08/13/2026		F		830(2)	D	$79.07	19,834.192	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. 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.

2. 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.

Remarks:

	/s/ Bradley Larkin, attorney-in-fact	08/17/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)