John R. Ciulla - Sep 18, 2024 Form 4 Insider Report for WEBSTER FINANCIAL CORP (WBS)

Signature
/s/ Jennifer H. Daukas, attorney-in-fact
Stock symbol
WBS
Transactions as of
Sep 18, 2024
Transactions value $
-$384,327
Form type
4
Date filed
9/20/2024, 04:04 PM
Previous filing
Jul 17, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WBS Common Stock Sale -$268K -5.58K -2.36% $48.01 231K Sep 18, 2024 Direct F1, F2
transaction WBS Common Stock Sale -$116K -2.42K -1.04% $48.12 229K Sep 19, 2024 Direct F3, F4
holding WBS Common Stock 16.4K Sep 18, 2024 401(k) Plan
* 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 The reported sale of 5,584 shares occurred pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 13, 2024.
F2 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.00 to $48.035, inclusive. The reporting person undertakes to provide Webster Financial Corporation, any security holder of Webster Financial Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote.
F3 The reported sale of 2,416 shares occurred pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 13, 2024.
F4 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $48.00 to $48.17, inclusive. The reporting person undertakes to provide Webster Financial Corporation, any security holder of Webster Financial Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote