4/A//SEC Filing
MacInnes Glenn I 4/A
Accession 0001062993-22-003348
CIK 0000801337other
Filed
Feb 8, 7:00 PM ET
Accepted
Feb 9, 5:17 PM ET
Size
7.3 KB
Accession
0001062993-22-003348
Insider Transaction Report
Form 4/AAmended
MacInnes Glenn I
EVP-Chief Financial Officer
Transactions
- Award
Common Stock
2022-02-01+16,064→ 148,750 total - Award
Common Stock
2022-02-01+8,317→ 157,067 total
Footnotes (3)
- [F1]Represents Performance Shares deemed to be earned, effective as of immediately prior to the completion of the merger whereby Sterling Bancorp was merged with and into Webster Financial Corporation, effective January 31, 2022 (the "Merger"). These shares remain subject to time vesting and other terms and conditions.
- [F2]Performance Shares granted on February 1, 2022, of which one-third will be eligible to vest each year in an amount ranging from 50% to 100% of target based on achievement of performance metrics in each of the February 1, 2022 through December 31, 2022, January 1, 2023 through December 31, 2023 and January 1, 2024 through December 31, 2024 performance periods. The reported amount represents 50% of the Performance Shares granted on February 1, 2022, which is the minimum portion that will vest subject to time vesting and other terms and conditions. The remaining portion of the Performance Shares granted on February 1, 2022 will be reported as of the date of vesting, if any.
- [F3]On February 3, 2022, the reporting person filed a Form 4 which inadvertently reported that the securities acquired in the transaction was 24,950.5 shares of the issuer's common stock. In fact, as reported in this amendment, the amount of securities acquired in the transaction was 8,317 shares of the issuer's common stock.
Issuer
WEBSTER FINANCIAL CORP
CIK 0000801337
Entity typeother
Related Parties
1- filerCIK 0001475423
Filing Metadata
- Form type
- 4/A
- Filed
- Feb 8, 7:00 PM ET
- Accepted
- Feb 9, 5:17 PM ET
- Size
- 7.3 KB