Form 4: Webster Financial Corp Executive Wang Sells 4,000 Shares
SEC Form 4 Filing
Albert Jen-Wen Wang, Chief Accounting Officer of Webster Financial Corp, sold 4,000 shares of common stock at a price of $52.4311 on October 21, 2024.
Summary
- Albert Jen-Wen Wang, the Chief Accounting Officer of Webster Financial Corp, sold 4,000 shares of the company's common stock on October 21, 2024.
- The sale price was $52.4311 per share.
- Following the transaction, Wang directly owns 14,273 shares of Webster Financial Corp.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing. The sale of shares by an officer is a routine event and doesn't inherently indicate positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their transactions in the company's stock. The sale itself doesn't necessarily indicate a negative outlook for the company, as insiders may sell shares for various personal financial reasons.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in ownership, but it is unlikely to be significant given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 10/21/2024 | Date of transaction: Albert Jen-Wen Wang sold 4,000 shares of Webster Financial Corp common stock. |
| 10/22/2024 | Date of signature for the report. |
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