Form 4: Webster Financial Corp Executive Daniel Bley Reports Stock Disposals to Cover Tax Obligations
SEC Filing
Daniel Bley, Chief Risk Officer of Webster Financial Corp, disposed of shares to cover tax obligations arising from vesting of stock.
Summary
- On May 6, 2024, Daniel Bley, the Chief Risk Officer of Webster Financial Corporation, disposed of 1,835 shares of common stock at a price of $44.92.
- Additionally, he disposed of another 368 shares at the same price.
- These transactions were reported on a Form 4 filing with the SEC.
- Following these transactions, Bley directly owns 26,490 shares of Webster Financial Corp common stock.
Sentiment
Score: 5
Explanation: The document is a routine disclosure of stock transactions by a company executive, with neutral sentiment.
Industry Context
Form 4 filings are standard practice for corporate insiders to report transactions in their company's stock, providing transparency to the market.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to tax obligations of an executive.
Key Dates
| Date | Description |
|---|---|
| 05/06/2024 | Date of stock disposal transactions |
| 05/07/2024 | Date of signature on the Form 4 filing |
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