Webster Financial (WBS) president receives 35,116-share restricted stock grant
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Massiani Luis reported acquisition or exercise transactions in this Form 4 filing.
Webster Financial Corp reported that President and COO Luis Massiani received a grant of 35,116 shares of common stock as a time-based restricted stock award. According to the footnote, these shares vest in three equal installments over the next three years. Following this compensation-related grant, Massiani directly holds 149,953.85 shares of Webster Financial common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Massiani Luis
Role
President and COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 35,116 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 149,953.85 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Webster Financial (WBS) report for Luis Massiani?
Webster Financial reported a stock grant to Luis Massiani. He received 35,116 shares of common stock as a time-based restricted stock award, with no cash paid per share, reflecting equity compensation rather than an open-market purchase or sale.
Was Luis Massiani’s Webster Financial (WBS) Form 4 transaction a market buy or sell?
The transaction was a grant, not a market trade. The Form 4 uses code “A” for a grant, award, or other acquisition, and the price per share is listed as $0.00, indicating compensation-related restricted stock rather than an open-market purchase or sale.