Jack L. Kopnisky - Dec 13, 2023 Form 4 Insider Report for WEBSTER FINANCIAL CORP (WBS)

Signature
Jennifer H. Daukas, attorney-in-fact
Stock symbol
WBS
Transactions as of
Dec 13, 2023
Transactions value $
-$1,250,000
Form type
4
Date filed
12/15/2023, 04:09 PM
Previous filing
Dec 8, 2023
Next filing
Jan 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WBS Common Stock Sale -$1.25M -25K -7.35% $50.00 315K Dec 13, 2023 Direct F1
holding WBS Common Stock 4.63K Dec 13, 2023 Spouse
holding WBS Common Stock 2.07K Dec 13, 2023 Joint With Spouse
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 Also includes 6,695 shares of Webster Financial Corporation common stock previously held indirectly.