Webster Financial exec awarded shares, withholds for tax
Webster Financial Corp executive James MI Griffin, Head of Consumer Banking, reported equity compensation changes in common stock.
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Rhea-AI Filing Summary
Webster Financial Corp executive James MI Griffin, Head of Consumer Banking, reported equity compensation changes in common stock. On March 2, 2026, he acquired 5,089 shares as a grant or award tied to performance for the three-year period ending December 31, 2025.
To cover tax obligations upon vesting of these awards and prior restricted shares, the filing shows several tax-withholding dispositions, including 2,297 shares and 1,114 shares at $72.13 per share on March 2, and 542 shares at $71.40 per share on March 3. After these transactions, Griffin directly owned 21,469 common shares and also held an indirect position through a 401(k) plan.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 542 | $71.40 | $39K |
| Grant/Award | Common Stock | 5,089 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,297 | $72.13 | $166K |
| Exercise Price or Tax Liability | Common Stock | 1,114 | $72.13 | $80K |
| holding | Common Stock | -- | -- | -- |
Footnotes (4)
- F1. Represents the vesting of performance shares for the three-year period ending December 31, 2025, as approved by the Compensation and Human Resources Committee on January 28, 2026.
- F2. Represents the tax withholding upon the vesting of certain performance shares granted on March 1st, 2023.
- F3. Represents the tax withholding upon the vesting of certain time-based restricted shares granted on March 1, 2023 and March 1, 2024.
- F4. Represents the tax withholding upon the vesting of certain time-based restricted shares granted on March 3, 2025.
FAQ
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What insider transactions did James MI Griffin report at Webster Financial (WBS)?
What were the tax-withholding transactions reported by James MI Griffin for Webster Financial (WBS)?
Were the Webster Financial (WBS) insider transactions open-market sales by James MI Griffin?
AI-generated analysis. How Rhea-AI works. Not financial advice.