Webster Financial (NYSE: WBS) CCO vests 14,948 shares
Rhea-AI Filing Summary
WEBSTER FINANCIAL CORP executive Jason A. Soto, Chief Credit Officer, reported equity compensation activity in company common stock. On 2026-08-13, he acquired 14,948 shares through the vesting of performance shares accelerated under a Transaction Agreement among Webster Financial Corporation, Banco Santander, S.A. and Webster Virginia Corporation. On the same date, 7,229 shares and 3,819 shares were withheld at $79.07 per share to satisfy tax withholding upon the vesting of the accelerated performance shares and time-based restricted shares. He also reports indirect ownership of 1,775.134 shares held in a 401(k) Plan.
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Insights
Analyzing...
Insider Trade Summary
Net Buyer: 3,900 shares
Net Buy
4 txns
Insider
SOTO JASON A.
Role
Chief Credit Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 14,948 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 7,229 | $79.07 | $572K |
| Tax Withholding | Common Stock F3 | 3,819 | $79.07 | $302K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 44,685 shares (Direct);
Common Stock — 1,775.134 shares (Indirect, 401(k) Plan)
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
Performance shares vested: 14,948 shares
Tax-withheld shares (performance): 7,229 shares
Tax-withheld shares (time-based RS): 3,819 shares
+3 more
6 metrics
Performance shares vested
14,948 shares
Vesting of performance shares accelerated under the Transaction Agreement on 2026-08-13
Tax-withheld shares (performance)
7,229 shares
Tax withholding upon vesting of accelerated performance shares at $79.07 per share
Tax-withheld shares (time-based RS)
3,819 shares
Tax withholding upon vesting of accelerated time-based restricted shares at $79.07 per share
Tax-withholding price
$79.07 per share
Per-share value used for both Form 4 code F tax-withholding transactions
Shares used for tax withholding (total)
11,048 shares
Sum of the two Form 4 code F transactions for tax withholding
Indirect 401(k) holdings
1,775.134 shares
Indirect ownership of Webster Financial common stock in a 401(k) Plan
Key Terms
performance shares, time-based restricted shares, tax withholding, Transaction Agreement, +1 more
5 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 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.
401(k) Plan financial
"total_shares_following_transaction 1775.1340, nature_of_ownership 401(k) Plan"
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
FAQ
What did WBS Chief Credit Officer Jason A. Soto report in this Form 4?
Jason A. Soto reported 14,948 Webster Financial (WBS) common shares acquired via vested performance shares, with 11,048 shares withheld at $79.07 per share to cover tax obligations, plus indirect holdings in a 401(k) Plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
