Webster (NYSE: WBS) exec vests stock; 7,001 shares withheld
Rhea-AI Filing Summary
WEBSTER FINANCIAL CORP executive Charles L. Wilkins, Head of HSA Bank, reported equity compensation-related activity on Common Stock on August 13, 2026. He acquired 15,627 shares at $0.00 per share upon the vesting of performance shares that were accelerated under a Transaction Agreement among Webster Financial Corporation, Banco Santander, S.A. and Webster Virginia Corporation. On the same date, a total of 7,001 shares (6,152 and 849 shares) were withheld at $79.07 per share to satisfy tax withholding obligations upon the vesting of these accelerated performance shares and certain time-based restricted shares.
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Insights
Analyzing...
Insider Trade Summary
Net Buyer: 8,626 shares
Net Buy
3 txns
Insider
WILKINS CHARLES L
Role
Head of HSA Bank
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 15,627 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 6,152 | $79.07 | $486K |
| Tax Withholding | Common Stock F3 | 849 | $79.07 | $67K |
Holdings After Transaction:
Common Stock — 52,773 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: 15,627 shares
Shares withheld for taxes (performance shares): 6,152 shares
Shares withheld for taxes (time-based restricted shares): 849 shares
+2 more
5 metrics
Shares acquired via vesting
15,627 shares
Vesting of accelerated performance shares on August 13, 2026
Shares withheld for taxes (performance shares)
6,152 shares
Tax withholding upon vesting of accelerated performance shares at $79.07 per share
Shares withheld for taxes (time-based restricted shares)
849 shares
Tax withholding upon vesting of accelerated time-based restricted shares at $79.07 per share
Tax withholding price
$79.07 per share
Price applied to 7,001 shares withheld for tax obligations
Total shares withheld for taxes
7,001 shares
Aggregate of both tax-withholding transactions on August 13, 2026
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 WILKINS CHARLES L report for WBS on August 13, 2026?
On August 13, 2026, Charles L. Wilkins reported acquiring 15,627 shares of Webster Financial (WBS) Common Stock through vesting of performance shares, and 7,001 shares were withheld at $79.07 per share to cover tax withholding on vested awards.
Were Charles L. Wilkins’ WBS transactions under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is false, so these transactions were not affirmed as made under a Rule 10b5-1 trading plan. The reported activity reflects vesting and related tax withholding for equity awards.
AI-generated analysis. How Rhea-AI works. Not financial advice.