Form 4: Webster Financial Corp Executive Albert Jen-Wen Wang Reports Stock Disposals
SEC Form 4 Filing
Albert Jen-Wen Wang, Chief Accounting Officer of Webster Financial Corp, reports the disposal of common stock to cover tax obligations.
Summary
- On May 6, 2024, Albert Jen-Wen Wang, the Chief Accounting Officer of Webster Financial Corp, disposed of 503 shares of common stock at a price of $44.92.
- Additionally, Wang disposed of 101 shares of common stock, also at $44.92 on the same day.
- Following these transactions, Wang directly owns 14,683 shares of Webster Financial Corp common stock.
Sentiment
Score: 5
Explanation: This is a neutral filing related to routine stock transactions by an executive. It doesn't indicate positive or negative sentiment about the company's prospects.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. These filings are closely watched by investors seeking insights into management's perspective on the company's stock.
Stakeholder Impact
- The disposal of shares by an executive could be perceived negatively by some shareholders, although it is often a routine transaction for tax purposes.
Key Dates
| Date | Description |
|---|---|
| April 26, 2024 | Date of execution of Power of Attorney. |
| May 6, 2024 | Date of stock disposal transactions. |
| May 7, 2024 | Date of signature for the Form 4 filing. |
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