Form 4: Webster Financial Corp Executive Sells Shares
SEC Form 4 Filing
Christopher J. Motl, President of Commercial Banking at Webster Financial Corp, sold 13,881 shares of common stock at $49 per share on March 11, 2024.
Summary
- On March 11, 2024, Christopher J. Motl, President of Commercial Banking at Webster Financial Corp, sold 13,881 shares of the company's common stock.
- The sale price was $49 per share.
- Following the transaction, Motl directly owns 59,647 shares of Webster Financial Corp.
- Motl also indirectly owns 8,357.476 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to an insider stock sale. It doesn't inherently convey positive or negative sentiment, but the sale itself could be interpreted in various ways depending on the context.
Industry Context
Form 4 filings are a routine part of the US stock market, providing transparency into the transactions of company insiders. Investors often monitor these filings to gauge executive sentiment regarding the company's prospects.
Stakeholder Impact
- The stock sale by a company executive could influence investor sentiment.
Key Dates
| Date | Description |
|---|---|
| 03/11/2024 | Date of stock sale transaction |
| 03/13/2024 | Date of Form 4 filing |
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