O'Toole Richard L. 4

What Happened
Richard L. O'Toole, a director of Webster Financial Corporation (WBS), reported a gift (transaction code G) of 10,000 common shares on 2026-05-04. The Form 4 records the disposition price as $0 because the shares were transferred as a gift to a charitable fund.

Key Details

• Transaction date: 2026-05-04; Form 4 filed: 2026-05-06. Filing appears timely (filed within the standard two-business-day window).
• Transaction type/code: Gift (G). Reported price: $0. Shares disposed: 10,000.
• Shares owned after the transaction: Not reported in the information provided.
• Remark on transfer: The filing states the shares were gifted to a charitable fund. No 10b5-1 plan, tax-withholding, or exercise noted.

Context
Gifts of company stock are transfers for philanthropy or estate planning and do not necessarily reflect the insider's view of the company’s prospects. Because this was a charitable gift (not an open-market sale), it should not be interpreted as a routine insider sale signaling sentiment.