Form 4: Webster Financial Officer Reports Ownership, Role Change
Beneficial Ownership Statement
Gregory Madar, former Interim Chief Accounting Officer of Webster Financial Corp, filed a Form 4 detailing his beneficial ownership and the end of his interim role.
Summary
- Gregory Madar, the former Interim Chief Accounting Officer of Webster Financial Corp (WBS), filed a Form 4.
- The filing indicates that Madar is no longer subject to Section 16 reporting obligations.
- Madar's beneficial ownership includes 7,620.579 shares of Common Stock held directly.
- Additionally, Madar indirectly owns 653.315 shares of Common Stock through a 401(k) Plan.
- His tenure as Interim Chief Accounting Officer concluded on January 5, 2026.
Sentiment
Score: 5
Explanation: Neutral, as it is a routine regulatory filing reporting beneficial ownership and a change in an officer's status, without any performance or strategic implications.
Future Outlook
NA
Industry Context
NA
Management Changes
| Role | Previous Person | New Person | Effective Date | Reason |
|---|---|---|---|---|
| Interim Chief Accounting Officer | Gregory Madar | N/A (role concluded) | 01/05/2026 | Conclusion of interim tenure. |
Stakeholder Impact
- Shareholders: Disclosure of an officer's beneficial ownership and change in employment status provides transparency regarding insider holdings.
Key Dates
| Date | Description |
|---|---|
| 01/05/2026 | Date of earliest transaction and end of Gregory Madar's tenure as Interim Chief Accounting Officer. |
| 01/07/2026 | Date the Form 4 was signed. |
Keywords
Webster Financial Corp, WBS, Form 4, Beneficial Ownership, Chief Accounting Officer, Executive Change, Insider Trading
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