Form 4: Webster Financial Corp CEO John R. Ciulla Sells 8,000 Shares
SEC Form 4 Filing
Webster Financial Corp's CEO, John R. Ciulla, sold 8,000 shares of common stock on July 15, 2024, under a pre-arranged Rule 10b5-1 trading plan.
Summary
- John R. Ciulla, Chairman and CEO of Webster Financial Corp, sold 8,000 shares of common stock on July 15, 2024.
- The sale was executed under a Rule 10b5-1 trading plan adopted on February 13, 2024.
- The shares were sold at a weighted average price of $48.0393, with individual transactions ranging from $48.00 to $48.15.
- Following the transaction, Ciulla directly owns 237,049 shares of common stock and indirectly owns 16,351.505 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a stock sale by the CEO. It doesn't inherently convey positive or negative sentiment, as it's a factual report of a transaction.
Industry Context
This is a routine Form 4 filing, indicating a change in beneficial ownership by a company insider. Such filings are common and provide transparency into insider transactions.
Stakeholder Impact
- The stock sale may have a minor impact on shareholders, potentially causing a slight decrease in stock price due to increased supply.
- The sale does not appear to have any immediate impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| February 13, 2024 | Date the Rule 10b5-1 trading plan was adopted. |
| July 15, 2024 | Date of the stock sale transaction. |
| July 17, 2024 | Date of the Form 4 filing. |
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