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

Signature
Jennifer H. Daukas, attorney-in-fact
Issuer symbol
WBS
Transactions as of
13 Dec 2023
Net transactions value
-$1,250,000
Form type
4
Filing time
15 Dec 2023, 16:09:37 UTC
Previous filing
08 Dec 2023
Next filing
03 Jan 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WBS Common Stock Sale $1,250,000 -25,000 -7.4% $50.00 315,041 13 Dec 2023 Direct F1
holding WBS Common Stock 4,630 13 Dec 2023 Spouse
holding WBS Common Stock 2,065 13 Dec 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.