Webster Financial (NYSE: WBS) director exits in cash-and-stock Santander swap
Rhea-AI Filing Summary
WEBSTER FINANCIAL CORP (WBS) director Mona Aboelnaga reported a disposition to the issuer of 14,311.92 shares of Webster common stock on August 20, 2026. Under a February 3, 2026 Transaction Agreement involving Banco Santander, Webster and Webster Virginia, each Webster share was exchanged on the August 20, 2026 closing date for the right to receive 2.0548 Banco Santander American Depositary Shares plus $48.75 in cash, without interest. As a result of this transaction, the reporting person no longer beneficially owns any shares of Webster common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 14,311.92 shares
Net Sell
1 txn
Insider
Aboelnaga Mona
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Common Stock F1, F2 | 14,311.92 | $0.00 | $0.00 |
Holdings After Transaction:
Common Stock — 0 shares (Direct)
Footnotes (2)
- F1. Disposed of pursuant to the transaction agreement dated February 3, 2026 (the "Transaction Agreement"), by and among Banco Santander, S.A. ("Banco Santander"), Webster Financial Corporation ("Webster") and Webster Virginia Corporation ("Webster Virginia"). Pursuant to the terms of the Transaction Agreement, each share of Webster common stock issued and outstanding immediately prior to the effective time of the reincorporation merger between Webster and Webster Virginia was exchanged for the right to receive from Banco Santander 2.0548 Banco Santander American Depositary Shares and $48.75 in cash, without interest on August 20, 2026 (the "Closing Date"). The closing price of Webster common stock on the New York Stock Exchange on the last trading day prior to the Closing Date was $77.57. All fractional shares were paid in cash.
- F2. As a result of the transaction, the reporting person no longer beneficially owns, directly or indirectly, any shares of Webster's common stock.
Key Figures
Shares disposed: 14,311.9200 shares of Common Stock
Cash consideration per Webster share: $48.75 in cash
ADS consideration per Webster share: 2.0548 Banco Santander American Depositary Shares
+3 more
6 metrics
Shares disposed
14,311.9200 shares of Common Stock
Disposition to issuer reported on August 20, 2026
Cash consideration per Webster share
$48.75 in cash
Paid without interest as part of the Banco Santander transaction
ADS consideration per Webster share
2.0548 Banco Santander American Depositary Shares
Received per share of Webster common stock in the exchange
Webster stock price before closing
$77.57 per share
Closing price on NYSE on the last trading day prior to August 20, 2026
Post-transaction holdings
0.0000 shares
Total shares of Webster common stock beneficially owned after the transaction
Transaction Agreement date
February 3, 2026
Date of Transaction Agreement among Banco Santander, Webster and Webster Virginia
Key Terms
Transaction Agreement, reincorporation merger, American Depositary Shares, beneficially owns
4 terms
Transaction Agreement regulatory
"Disposed of pursuant to the transaction agreement dated 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.
reincorporation merger regulatory
"effective time of the reincorporation merger between Webster and Webster Virginia"
A reincorporation merger is a corporate action where a company creates or uses a new legal entity in a different jurisdiction and merges the old company into it, effectively changing its legal “home.” For investors it matters because the new legal address can alter taxes, shareholder rights, regulatory requirements and listing rules—think of it like a household moving to a new state where different laws and costs apply; the move can change paperwork, investor protections and potential long‑term value.
beneficially owns regulatory
"the reporting person no longer beneficially owns, directly or indirectly, any shares"
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
FAQ
What did Mona Aboelnaga report in this Form 4 for WBS?
Mona Aboelnaga reported a disposition of 14,311.92 shares of Webster Financial Corp common stock to the issuer on August 20, 2026, in connection with a larger transaction involving Banco Santander and Webster Virginia.
Does Mona Aboelnaga still own WBS common stock after this transaction?
No. The filing states that, as a result of the transaction, the reporting person no longer beneficially owns any shares of Webster Financial Corp common stock, directly or indirectly.
What was the market price of WBS stock before the closing of the transaction?
The filing notes that the closing price of Webster common stock on the New York Stock Exchange on the last trading day prior to the closing date was $77.57 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
