Form 4: Webster Financial Corp Executive Sells Shares
SEC Form 4 Filing
Jason A. Soto, Chief Credit Officer of Webster Financial Corp, sold 2,100 shares of common stock on February 28, 2024.
Summary
- On February 28, 2024, Jason A. Soto, the Chief Credit Officer of Webster Financial Corp, sold 2,100 shares of common stock at a price of $47.473 per share.
- Following the transaction, Soto directly owns 20,356 shares of Webster Financial Corp.
- Soto also indirectly owns 1,671 shares through a 401(k) plan.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of an insider stock sale. The sale itself doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
Form 4 filings are a routine part of the US stock market and are required by the SEC to ensure transparency of trading by corporate insiders.
Stakeholder Impact
- The sale of shares by a company executive could be perceived negatively by some shareholders, although it is a relatively small transaction.
Key Dates
| Date | Description |
|---|---|
| 02/28/2024 | Date of the transaction (sale of common stock) |
| 02/29/2024 | Date of signature on the Form 4 filing |
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