O'Toole Richard L. 4

What Happened
Richard L. O'Toole, a director of Webster Financial Corp (WBS), was granted 1,596 shares of restricted stock on May 21, 2026. The shares were awarded at $0.00 per share (no purchase price), so the reported acquisition value is $0. This is an equity award (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-05-21; Transaction type: Award/Grant (code A).
• Shares granted: 1,596 restricted shares; reported acquisition price: $0.00; total reported value: $0.
• Vesting/holding terms: Grant vests on the one-year anniversary of the grant and carries a two-year holding period after vesting (see footnote F1).
• Shares owned after transaction: not specified in the filing.
• Filing timing: Report filed on 2026-05-22 (one day after the grant), which appears timely.

Context
This was a compensation-related restricted stock grant to a director. Such awards are common as part of director compensation and do not by themselves signal a purchase or sale in the open market. The multi-year vesting/holding schedule restricts immediate sale of these shares after vesting.