Form 4: Webster Financial Chief Accounting Officer Departs
Officer Departure Notification
Albert Jen-Wen Wang, Chief Accounting Officer of Webster Financial Corp, is no longer subject to Section 16 reporting obligations as of September 2, 2025.
Summary
- Albert Jen-Wen Wang, Chief Accounting Officer of Webster Financial Corporation (WBS), ceased serving in this role effective September 2, 2025.
- Following this change, Mr. Wang is no longer subject to Section 16 reporting obligations.
- Mr. Wang directly beneficially owns 15,755 shares of Webster Financial Corp Common Stock.
Sentiment
Score: 5
Explanation: Neutral, as the filing is a factual report of a personnel change and beneficial ownership status, without additional context on the impact or reasons for departure.
Negatives
- The departure of a Chief Accounting Officer, a critical financial leadership role, could introduce uncertainty regarding the company's financial reporting and internal controls until a replacement is announced.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Chief Accounting Officer | Albert Jen-Wen Wang | N/A (not specified in filing) | 09/02/2025 | Cessation of service in the role, leading to no longer being subject to Section 16 reporting obligations. |
Stakeholder Impact
- Shareholders: Potential impact from the departure of a key financial executive, though the filing provides no details on the transition plan or replacement.
Key Dates
| Date | Description |
|---|---|
| 09/02/2025 | Date Albert Jen-Wen Wang ceased serving as Chief Accounting Officer and became no longer subject to Section 16 reporting obligations. |
| 09/03/2025 | Date the Form 4 was signed by Bradley Larkin, attorney-in-fact. |
Keywords
Webster Financial Corp, WBS, Chief Accounting Officer, Executive Departure, Form 4, Beneficial Ownership, Section 16
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.