Webster (WBS) Insider Sale: James Griffin Disposes 807 Shares
Rhea-AI Filing Summary
Form 4 disclosure for Webster Financial Corporation (WBS) shows James M. Griffin, Head of Consumer Banking and an officer of the company, sold 807 shares of WBS common stock on 08/28/2025 at a price of $62.14 per share. After the sale, Mr. Griffin beneficially owned 12,556 shares directly. The filing also reports 5,420.071 shares held indirectly through a 401(k) plan. The form is signed by an attorney-in-fact on 08/29/2025.
Positive
- Timely reporting: Form 4 signed on 08/29/2025 following the 08/28/2025 transaction
- Clear ownership disclosure: both direct (12,556 shares) and indirect (5,420.071 shares via 401(k)) holdings are reported
Negative
- Insider sale: disposition of 807 shares reduces the reporting persons direct holdings
- No 10b5-1 plan indicated: filing does not check a box indicating the sale was under a pre-arranged trading plan
Insights
TL;DR: Officer sold a small block of shares; remaining direct and indirect holdings are disclosed.
The reported sale of 807 shares at $62.14 is a routine insider disposition recorded on Form 4. The remaining direct ownership of 12,556 shares and indirect 5,420.071 shares via a 401(k) plan provide clear ownership context. The transaction size appears modest relative to typical executive holdings for publicly listed banks, and no derivatives or option exercises are reported.
TL;DR: Filing documents an officer sale and includes a dated signature, indicating compliance with Section 16 reporting.
The Form 4 is executed by an attorney-in-fact and dated 08/29/2025, one day after the transaction date, which is consistent with timely reporting practices. The filing lists the reporting persons role as Head of Consumer Banking and discloses both direct and indirect holdings, aiding transparency for regulators and investors. No 10b5-1 plan checkbox or amendment date is indicated in the available text.