Webster Financial (WBS) CHRO Javier L. Evans Receives Award, Withholds Shares

What Happened Javier L. Evans, Chief Human Resources Officer of Webster Financial Corporation (WBS), was granted 14,948 shares on August 13, 2026 (award reported as acquired at $0.00). To satisfy tax obligations tied to vesting, 8,687 shares were withheld/disposed: 7,633 shares at $79.07 for $603,541 and 1,054 shares at $79.07 for $83,340 (total withheld value ≈ $686,881). The filing also notes 71.178 shares purchased through the company ESPP since the last Form 4.

Key Details

• Transaction date: August 13, 2026.
• Award: 14,948 shares granted (code A) at $0.00.
• Withholding/dispositions: 7,633 shares @ $79.07 = $603,541; 1,054 shares @ $79.07 = $83,340 (codes F — tax withholding).
• Additional note: 71.178 shares purchased via ESPP since prior Form 4 (footnote F1).
• Footnotes F2–F4: vesting and related tax withholdings were accelerated pursuant to the Transaction Agreement dated Feb 3, 2026 (involving Webster, Banco Santander and Webster Virginia).
• Shares owned after the transactions are not provided in the excerpt.
• Filing dated Aug 17, 2026 reports Aug 13 activity; timeliness is not indicated in the provided excerpt.

Context Code A indicates an award/vesting of shares; codes F reflect shares withheld or disposed solely to cover tax liabilities (a common, non-discretionary action when restricted or performance shares vest). Footnotes indicate the vesting was accelerated under a transaction agreement tied to the company’s strategic transaction, so the award and withholding are administrative consequences of that agreement rather than an open-market buy or sale decision.