Webster Financial (WBS) CFO reports 1,423-share tax withholding disposition
Rhea-AI Filing Summary
Webster Financial Corp executive William Neal Holland reported a tax-related share disposition. As EVP and CFO, he had 1,423 shares of common stock withheld at $71.40 per share on restricted stock vesting for tax purposes, a non-open-market transaction coded as tax-withholding. After this event, he directly owned 30,570 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,423 shares
Net Sell
1 txn
Insider
HOLLAND WILLIAM NEAL
Role
EVP and CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 1,423 | $71.40 | $102K |
Holdings After Transaction:
Common Stock — 30,570 shares (Direct)
Footnotes (1)
- F1. Represents the tax withholding upon the vesting of certain time-based restricted shares granted on March 3, 2025.
FAQ
What insider transaction did Webster Financial (WBS) EVP and CFO William Neal Holland report?
William Neal Holland reported a tax-withholding disposition of 1,423 common shares of Webster Financial on March 3, 2026. The shares were withheld upon vesting of time-based restricted stock granted on March 3, 2025, to satisfy associated tax obligations.
Was the Webster Financial (WBS) insider transaction an open-market sale?
No, the transaction was a tax-withholding disposition, not an open-market sale. Shares were withheld automatically when time-based restricted stock vested, consistent with the Form 4 code F for payment of tax liability by delivering securities back to the issuer.
What does transaction code F mean in the Webster Financial (WBS) Form 4 filing?
Transaction code F indicates payment of exercise price or tax liability by delivering securities. In this case, it reflects shares of restricted stock being withheld upon vesting to cover income tax obligations, rather than a discretionary open-market sale.
AI-generated analysis. How Rhea-AI works. Not financial advice.