Webster (NYSE: WBS) CEO reports 105K share vesting, 17K in 401(k)
Rhea-AI Filing Summary
WEBSTER FINANCIAL CORP reported equity compensation activity for Chairman and CEO John R. Ciulla. On 2026-08-13, he acquired 105,830 shares of common stock at $0.00 per share in connection with the vesting of performance shares accelerated under a Transaction Agreement with Banco Santander, S.A. and Webster Virginia Corporation. On the same date, a total of 35,585 shares were disposed of under code F transactions at $79.07 per share, representing shares delivered or withheld for payment of tax liability upon the vesting of accelerated performance shares and time-based restricted shares. Following these events, he also reported 17,187.16 shares held indirectly through a 401(k) plan.
Positive
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Negative
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Insights
Analyzing...
Insider Trade Summary
Net Buyer: 70,245 shares
Net Buy
4 txns
Insider
CIULLA JOHN R
Role
Chairman and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 105,830 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 28,537 | $79.07 | $2.26M |
| Tax Withholding | Common Stock F3 | 7,048 | $79.07 | $557K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 360,083 shares (Direct);
Common Stock — 17,187.16 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: 105,830 shares
Tax withholding shares (performance awards): 28,537 shares
Tax withholding shares (time-based restricted shares): 7,048 shares
+5 more
8 metrics
Performance shares vested
105,830 shares
Common Stock acquired on 2026-08-13 via grant/award acquisition (accelerated performance shares)
Tax withholding shares (performance awards)
28,537 shares
Common Stock disposed on 2026-08-13 under code F at $79.07 per share
Tax withholding shares (time-based restricted shares)
7,048 shares
Common Stock disposed on 2026-08-13 under code F at $79.07 per share
Total tax withholding shares
35,585 shares
Sum of code F transactions reported for tax liability payment
Tax withholding price
$79.07 per share
Price for both code F disposition transactions on 2026-08-13
Indirect 401(k) holdings
17,187.16 shares
Common Stock held indirectly through a 401(k) plan as of 2026-08-13
Rule 10b5-1 status
Checkbox not selected
aff_10b5_one is false for this Form 4 filing
Exercise price or tax liability transactions
35,585 shares
exercisePriceOrTaxLiabilityShares across 2 code F transactions
Key Terms
performance shares, time-based restricted shares, Transaction Agreement, tax withholding, +1 more
5 terms
Transaction Agreement regulatory
"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.
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.
401(k)Plan financial
"total_shares_following_transaction 17187.1600, nature_of_ownership 401(k)Plan"
FAQ
What equity award activity did WBS Chairman and CEO John R. Ciulla report on this Form 4?
John R. Ciulla reported the vesting of 105,830 shares of Webster Financial common stock on 2026-08-13. These shares reflected performance awards accelerated under a Transaction Agreement and were received at $0.00 per share as part of his equity compensation.
What is the significance of the Transaction Agreement mentioned in the WBS Form 4 footnotes?
The footnotes state that certain performance and time-based restricted shares vested early pursuant to a Transaction Agreement dated February 3, 2026 among Webster Financial Corporation, Banco Santander, S.A., and Webster Virginia Corporation, which triggered the reported equity award vesting and related tax withholding.
Did the August 2026 WBS insider transactions occur under a Rule 10b5-1 trading plan?
The filing indicates the Rule 10b5-1 checkbox is not selected, and there is no footnote describing a trading plan. The reported transactions relate to equity award vesting and associated tax withholding rather than open-market buying or selling under a pre-arranged plan.
What indirect holdings did John R. Ciulla report in WBS stock?
Ciulla reported an indirect holding of 17,187.16 shares of Webster Financial common stock as of 2026-08-13. These shares are held through a 401(k) plan, reflecting retirement-plan ownership rather than directly held shares in a brokerage account.
AI-generated analysis. How Rhea-AI works. Not financial advice.
