Form 4: Webster Financial Corp Director Laurence C. Morse Sells Shares
SEC Form 4
Director Laurence C. Morse sold 8,175 shares of Webster Financial Corp stock at $43.98 per share on September 11, 2024.
Summary
- Laurence C. Morse, a director of Webster Financial Corp, sold 8,175 shares of common stock on September 11, 2024.
- The sale price was $43.98 per share.
- Following the transaction, Morse directly owns 4,211.6976 shares and indirectly owns 32,025 shares through a trust.
- The shares were sold by the Laurence C. Morse Revocable Trust dated October 26, 2010.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of a stock sale by a director. The sale itself doesn't necessarily indicate a positive or negative outlook.
Industry Context
This is a routine disclosure of insider trading activity. It's common for directors and officers to buy and sell shares of their company's stock.
Key Dates
| Date | Description |
|---|---|
| October 26, 2010 | Date of the Laurence C. Morse Revocable Trust |
| June 12, 2024 | 40,200 shares of Webster Financial Corp. common stock transferred to the Laurence C. Morse Revocable Trust |
| September 11, 2024 | Date of the share sale transaction |
| September 12, 2024 | Date of signature on the Form 4 filing |
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