Webster Financial (NYSE: WBS) exec withholds 10K shares for taxes
Rhea-AI Filing Summary
WEBSTER FINANCIAL CORP executive James MI Griffin, Head of Consumer Banking, reported equity compensation activity in Common Stock on August 13, 2026. He acquired 14,266 shares from the vesting of performance shares that were accelerated under a Transaction Agreement with Banco Santander, S.A. and Webster Virginia Corporation. On the same date, a total of 10,276 shares were disposed of through tax withholding upon vesting of accelerated performance and time-based restricted shares at a price of $79.07 per share. He also reported indirect ownership of 5,488.995 shares held through a 401(k) plan.
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Insights
Analyzing...
Insider Trade Summary
Net Buyer: 3,990 shares
Net Buy
4 txns
Insider
GRIFFIN JAMES MI
Role
Head of Consumer Banking
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock F1 | 14,266 | $0.00 | $0.00 |
| Tax Withholding | Common Stock F2 | 7,285 | $79.07 | $576K |
| Tax Withholding | Common Stock F3 | 2,991 | $79.07 | $236K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 34,433 shares (Direct);
Common Stock — 5,488.995 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: 14,266 shares
Tax withholding on performance shares: 7,285 shares
Tax withholding on time-based restricted shares: 2,991 shares
+3 more
6 metrics
Performance shares vested
14,266 shares
Common Stock acquired on August 13, 2026 from accelerated performance share vesting
Tax withholding on performance shares
7,285 shares
Common Stock delivered or withheld for tax liability at $79.07 per share
Tax withholding on time-based restricted shares
2,991 shares
Common Stock delivered or withheld for tax liability at $79.07 per share
Tax-withholding price
$79.07 per share
Price applied to both tax-withholding dispositions of Common Stock
Indirect 401(k) holdings
5,488.995 shares
Common Stock held indirectly through a 401(k) plan after reported transactions
Shares used for tax liability
10,276 shares
Total Common Stock delivered or withheld to satisfy tax liabilities (codes F)
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 5488.9950 indirect nature_of_ownership 401(k)plan"
FAQ
What transactions did WBS executive James MI Griffin report on this Form 4?
James MI Griffin reported the vesting of 14,266 Common Stock shares and the disposition of a total of 10,276 shares for tax withholding, all dated August 13, 2026, related to accelerated performance and time-based restricted shares.
What price is associated with the tax-withholding transactions in WBS Form 4?
The tax-withholding dispositions were reported at $79.07 per share. This price applies to both blocks of withheld Common Stock shares totaling 10,276, which were delivered or withheld to satisfy tax liabilities upon vesting of the equity awards.
What indirect holdings does James MI Griffin report in Webster Financial (WBS) stock?
James MI Griffin reports indirect ownership of 5,488.995 Common Stock shares. These shares are held through a 401(k) plan, reflecting retirement-plan holdings separate from the directly reported equity award vesting and tax-withholding transactions.
AI-generated analysis. How Rhea-AI works. Not financial advice.
