Webster Financial (WBS) exec logs share award and tax withholdings
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,136 shares
Net Buy
5 txns
Insider
GRIFFIN JAMES MI
Role
Head of Consumer Banking
| 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 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 21,469 shares (Direct);
Common Stock — 5,488.995 shares (Indirect, 401(k)plan)
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
What insider transactions did James MI Griffin report at Webster Financial (WBS)?
James MI Griffin reported a grant of 5,089 Webster Financial common shares and several tax-withholding dispositions of previously granted shares. These transactions reflect equity compensation vesting and related tax payments, not open-market buying or selling activity.
What were the tax-withholding transactions reported by James MI Griffin for Webster Financial (WBS)?
The Form 4 lists multiple tax-withholding dispositions of Webster Financial shares, including 2,297 and 1,114 shares at $72.13, and 542 shares at $71.40. These shares were withheld to satisfy tax liabilities as performance and time-based restricted shares vested.
Were the Webster Financial (WBS) insider transactions open-market sales by James MI Griffin?
No, the reported disposals were tax-withholding transactions related to vesting equity awards, not open-market sales. Shares were withheld to cover tax liabilities on performance and time-based restricted stock previously granted to the executive.
AI-generated analysis. How Rhea-AI works. Not financial advice.
