Webster Financial (WBS) CRO Jason Schugel — Shares Withheld for Taxes

What Happened
Jason E. Schugel, Chief Risk Officer of Webster Financial Corporation (WBS), had 830 shares (disposed) withheld to satisfy tax withholding obligations on August 13, 2026. The shares were valued at $79.07 each, for a total withholding value of $65,628. This transaction was a tax-related share withholding (code F), not an open-market sale.

Key Details

• Transaction date: 2026-08-13; Price per share: $79.07; Total value withheld: $65,628.
• Transaction type: F — payment of exercise price or tax liability via shares withheld.
• Footnote 1: Filing reflects an additional 470.192 shares purchased through Webster’s Employee Stock Purchase Plan since the last Form 4 (filed Mar 13, 2026).
• Footnote 2: The 830-share withholding represents tax withholding upon vesting of time-based restricted shares accelerated under the Transaction Agreement dated Feb 3, 2026 among Webster, Banco Santander, S.A., and Webster Virginia Corporation.
• Filing timeliness: Form 4 was filed Aug 17, 2026, within the required two business days after the Aug 13 transaction (timely).
• Shares owned after the transaction: not specified in the provided excerpt of the filing.

Context
This was a routine tax-withholding event tied to the vesting of restricted shares that were accelerated under a corporate transaction agreement — not an indication of an open-market sale or an independent decision to divest. Tax-withholdings are common when awards vest and do not necessarily reflect the insider’s view on the company’s stock.