Schugel Jason E. 4

What Happened Jason E. Schugel, Chief Risk Officer of Webster Financial Corp (WBS), was granted 14,898 restricted shares on 2026-03-11. The shares were reported as an award/acquisition (code A) at $0.00 per share (grant value shown as $0 on the Form 4). This is an equity compensation award rather than a market purchase or sale.

Key Details

• Transaction date: 2026-03-11; Form 4 filed: 2026-03-13 (appears filed within the typical two-business-day window).
• Instrument: 14,898 time‑based restricted shares; reported acquisition price: $0.00.
• Shares owned after transaction: not specified in this Form 4.
• Footnote: Grant represents time‑based restricted shares that will vest in three equal installments over the next three years.
• Transaction code: A = Award/Grant.

Context Restricted share awards are compensation and typically vest over time, so they are not immediately liquid and do not directly signal a buy or sell decision by the insider. Such grants are commonly used to align executive incentives with long‑term shareholder value.