Form 4: Webster Financial Corp. CFO Glenn I. MacInnes Reports Changes in Beneficial Ownership Following Retirement
SEC Filing
Glenn I. MacInnes, Chief Financial Officer of Webster Financial Corp., reports changes in beneficial ownership of common stock following his retirement effective August 8, 2024.
Summary
- This is a Form 4 filing by Glenn I. MacInnes, the Chief Financial Officer of Webster Financial Corp.
- The filing reports changes in his beneficial ownership of Webster Financial Corp. common stock.
- The reported transaction is related to his retirement as CFO, effective August 8, 2024.
- MacInnes directly owns 167,362 shares of Webster Financial Corp. common stock.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing related to a change in executive position. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are standard practice when corporate insiders, like the CFO, have transactions involving the company's securities. This filing is triggered by the CFO's retirement.
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Chief Financial Officer | Glenn I. MacInnes | Unknown | 08/08/2024 | Retirement |
Stakeholder Impact
- Shareholders are informed of changes in insider ownership.
- Employees are aware of the CFO's retirement.
- The market is updated on the management transition.
Key Dates
| Date | Description |
|---|---|
| 08/08/2024 | Date of Earliest Transaction and Effective date of retirement of Glenn I. MacInnes as CFO |
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