Form 4: Webster Financial Corp Director Mark Pettie Gifts Shares to Child
SEC Form 4 Filing
Director Mark Pettie of Webster Financial Corp gifted 600 shares of common stock to a child in a non-reportable transaction.
Summary
- On February 11, 2025, Mark Pettie, a director of Webster Financial Corp, gifted 600 shares of common stock to a child.
- The transaction was executed at a price of $0 per share.
- Following the transaction, Pettie directly owns 32,180 shares of Webster Financial Corp common stock.
- The reporting person has granted power of attorney to Bradley Larkin, Brendan Davin, Peter Sturzinger and Kristy Berner to handle SEC filings.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing regarding a gift of shares. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of a transaction by a company insider and doesn't necessarily reflect broader industry trends.
Stakeholder Impact
- The gift of shares by a director may have a minor impact on shareholder perception, but is unlikely to be material.
Key Dates
| Date | Description |
|---|---|
| 2025-01-29 | Date of Power of Attorney execution |
| 2025-02-11 | Date of the gift transaction |
| 2025-02-12 | Date of signature by attorney-in-fact |
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