Form 4: Webster Financial Corp CEO John R. Ciulla Reports Changes in Beneficial Ownership

CEO John R. Ciulla reports the disposition of Webster Financial Corp shares to cover tax obligations, resulting in an updated beneficial ownership.

Summary

• On May 6, 2024, John R. Ciulla, the President and CEO of Webster Financial Corp, reported changes in his beneficial ownership of the company's common stock.
• The transactions involved the disposition of shares to satisfy tax obligations related to equity awards.
• Specifically, 11,106 shares were disposed of at a price of $44.92, followed by another disposition of 2,224 shares at the same price.
• Following these transactions, Ciulla directly owns 245,049 shares of common stock.
• Additionally, he indirectly owns 15,485.124 shares through a 401(k) plan.
• Jennifer H. Daukas, acting as attorney-in-fact, signed the report on May 7, 2024.
• An exhibit includes a power of attorney, granting Jennifer H. Daukas, Kristy Berner, and Katherine Vines Trumbull the authority to execute SEC filings on Ciulla's behalf.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing related to stock transactions for tax purposes, indicating a neutral sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common for executives who receive equity compensation. It provides transparency to investors regarding the trading activities of company insiders.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The transactions themselves are unlikely to have a significant impact on other stakeholders.

Key Dates