Form 4: Webster Financial Corp Director Morse Contributes Shares to Private Fund
SEC Form 4 Filing
Director Laurence C. Morse contributed 13,217 shares of Webster Financial Corp common stock to a private third-party fund in exchange for shares of that fund.
Summary
- Laurence C. Morse, a director of Webster Financial Corp, reported a transaction on February 19, 2025.
- Morse's Revocable Trust contributed 13,217 shares of Webster Financial Corp common stock to a private third-party fund in exchange for shares of the fund.
- The common stock was valued at $59.07 per share for the purpose of determining the number of shares of the fund issuable to the Trust.
- Following the transaction, Morse directly owns 4,211.6976 shares and indirectly owns 18,808 shares through a trust.
- Morse has granted power of attorney to Bradley Larkin, Brendan Davin, Peter Sturzinger and Kristy Berner to handle SEC filings related to Section 16(a) of the Securities Exchange Act of 1934.
Sentiment
Score: 5
Explanation: The document is a routine SEC filing related to a transaction by a company director. It doesn't contain any information that would significantly impact investor sentiment positively or negatively.
Industry Context
This filing reflects a standard transaction by a company insider, which is a common occurrence. The contribution of shares to a private fund could be for diversification or estate planning purposes.
Key Dates
| Date | Description |
|---|---|
| October 26, 2010 | Date of the Laurence C. Morse Revocable Trust. |
| January 29, 2025 | Date of the Power of Attorney execution. |
| February 19, 2025 | Date of the transaction where shares were contributed to a private fund. |
| February 20, 2025 | Date of signature by attorney-in-fact on the SEC filing. |
Keywords
Form 4, Beneficial Ownership, Webster Financial Corp, WBS, Laurence Morse, Director, SEC Filing, Section 16(a), Private Fund
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