James J. Landy - Jan 31, 2022 Form 4 Insider Report for WEBSTER FINANCIAL CORP (WBS)

Role
Director
Signature
Jennifer H. Daukas, attorney-in-fact
Stock symbol
WBS
Transactions as of
Jan 31, 2022
Transactions value $
$0
Form type
4
Date filed
2/2/2022, 08:27 PM
Previous filing
Dec 8, 2021
Next filing
May 2, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WBS Common Stock Award $0 +101K $0.00 101K Jan 31, 2022 Direct F1
transaction WBS Common Stock Award $0 +7.06K $0.00 7.06K Jan 31, 2022 Held Jointly with Spouse F1
transaction WBS Common Stock Award $0 +68.8K $0.00 68.8K Jan 31, 2022 By Spouse F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Acquired in connection with the Merger Agreement by and between Webster Financial Corporation ("Webster") and Sterling Bancorp ("Sterling"), dated April 18, 2021, pursuant to which Sterling was merged with and into Webster, effective January 31, 2022 (the "Merger"). Pursuant to the Merger, each issued and outstanding share of Sterling common stock was converted into the right to receive 0.4630 shares of Webster common stock.