SMITH JAMES COPENHAVER 4
4 · WEBSTER FINANCIAL CORP · Filed Jul 3, 2018
Insider Transaction Report
Form 4
SMITH JAMES COPENHAVER
DirectorChairman & Chief Executive Off
Transactions
- Exercise/Conversion
Common Stock
2018-07-02+14,310.017→ 394,996.017 total - Tax Payment
Common Stock
2018-07-02$63.70/sh−11,304$720,065→ 313,487.153 total - Tax Payment
Common Stock
2018-07-02$63.70/sh−70,450$4,487,665→ 324,546.017 total - Award
Common Stock
2018-07-02+245.136→ 324,791.153 total - Exercise/Conversion
Phantom Stock
2018-07-02−24,367.051→ 222,172.425 total(indirect: By Deferred Compensation Plan)→ Common Stock (24,367.051 underlying)
Footnotes (4)
- [F1]14,310.073 Shares of Webster Financial Corporation common stock acquired through July 2, 2018 under the Webster Dividend Reinvestment Plan.
- [F2]Each share of phantom stock represents the right to receive one share of Webster Financial Corporation common stock or the cash value thereof. These shares are held in the Webster Deferred Compensation Plan.
- [F3]245.136 Shares of Webster Financial Corporation common stock acquired through July 2, 2018 under the Webster Dividend Reinvestment Plan.
- [F4]Shares of phantom stock are payable in shares or in cash following the reporting person's retirement from Webster Financial Corporation. Each share of phantom stock represents the right to receive one share of Webster Financial Corporation common stock or the cash value thereof. On July 2, 2018, 24,367.051 units of the reporting person's phantom stock units including 2,379.058 units attributable to dividend reinvestment were settled in cash for $64.45 per share.