Webster (NYSE: WBS) officer’s 8,367-share award triggers tax withholding
Rhea-AI Filing Summary
WEBSTER FINANCIAL CORP reported that officer Marissa Weidner received an award of 8,367 shares of Common Stock on August 13, 2026. A footnote states this represents the vesting of certain performance shares accelerated under a Transaction Agreement among Webster Financial Corporation, Banco Santander, S.A. and Webster Virginia Corporation. On the same date, 3,463 shares and 1,570 shares of Common Stock were delivered or withheld at $79.07 per share to cover tax withholding upon the vesting of these accelerated performance shares and certain time-based restricted shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 3,334 shares
Net Buy
3 txns
Insider
Weidner Marissa
Role
Chief Corp. Resp. Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 8,367 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 3,463 | $79.07 | $274K |
| Tax Withholding | Common Stock F3 | 1,570 | $79.07 | $124K |
Holdings After Transaction:
Common Stock — 21,645 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
Equity award vested: 8,367 shares of Common Stock
Shares withheld for tax (performance shares): 3,463 shares of Common Stock
Shares withheld for tax (time-based RS): 1,570 shares of Common Stock
+2 more
5 metrics
Equity award vested
8,367 shares of Common Stock
Vesting of performance shares accelerated under Transaction Agreement on August 13, 2026
Shares withheld for tax (performance shares)
3,463 shares of Common Stock
Delivered or withheld to cover tax withholding at $79.07 per share
Shares withheld for tax (time-based RS)
1,570 shares of Common Stock
Delivered or withheld to cover tax withholding at $79.07 per share
Tax withholding price
$79.07 per share
Applied to both F-code tax-withholding transactions on August 13, 2026
Shares used for tax withholding (total)
5,033 shares of Common Stock
Sum of 3,463 and 1,570 shares delivered or withheld for tax liabilities
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 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.
FAQ
What insider equity award did Marissa Weidner report at WEBSTER FINANCIAL CORP (WBS)?
Marissa Weidner reported an award of 8,367 shares of Common Stock on August 13, 2026. A footnote explains this represents vesting of accelerated performance shares under a Transaction Agreement involving Webster, Banco Santander, S.A. and Webster Virginia Corporation.
Did the WBS Form 4 report open-market purchases or sales by Marissa Weidner?
No open-market purchases or sales are described. The reported transactions are an equity award vesting and share deliveries or withholdings to cover tax liabilities associated with vesting of performance and time-based restricted shares.
AI-generated analysis. How Rhea-AI works. Not financial advice.