| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | STL | Common Stock | Disposed to Issuer | -10K | -100% | 0 | Jan 31, 2022 | Spouse | F1 | ||
| transaction | STL | Common Stock | Disposed to Issuer | -4.46K | -100% | 0 | Jan 31, 2022 | Joint with Spouse | F2 | ||
| transaction | STL | Common Stock | Disposed to Issuer | -869K | -100% | 0 | Jan 31, 2022 | Direct | F3, F4, F5 |
Jack L. Kopnisky is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.
| Id | Content |
|---|---|
| F1 | Disposed of pursuant to the Merger Agreement, for total stock consideration of 4,630 shares of new Webster common stock, as further described above. |
| F2 | Disposed of pursuant to the Merger Agreement, for total stock consideration of 2,065 shares of new Webster common stock, as further described above. |
| F3 | Includes 100,841 restricted stock awards of the Issuer (the "Issuer RSAs") and 254,156 performance stock awards of the Issuer (the "Issuer PSAs"). |
| F4 | Disposed of pursuant to the Merger Agreement between Issuer and Webster Financial Corporation ("Webster"), dated April 18, 2021 (the "Merger Agreement"), for total stock consideration of 402,272 shares of new Webster common stock. Pursuant to the terms of the Merger Agreement, at the effective time of the merger between Issuer and Webster (the "Effective Time"), each share of Issuer common stock issued and outstanding immediately prior to the Effective Time was converted into the right to receive 0.4630 shares of Webster common stock. All fractional share holdings were paid in cash. The Merger closed on January 31, 2022. On January 31, 2022, the closing price of the Issuer was $26.29, and the closing price of Webster was $56.81. |
| F5 | Pursuant to the terms of the Merger Agreement, at the Effective Time, the Issuer RSAs were assumed by Webster and converted into a restricted stock award of Webster with the same terms and conditions as were applicable under such Issuer RSAs immediately prior to the Effective Time (including vesting terms) and the Issuer PSAs were assumed by Webster and converted into a time-based restricted stock award with performance goals deemed to have been satisfied at the higher of target and actual performance, both relating to the number of shares of Webster common stock equal to the product of (A) the number of shares of issuer common stock subject to such Issuer RSUs immediately prior to the Effective Time, multiplied by (B) the Exchange Ratio, with any fractional shares rounded paid in cash. |