Webster (WBS) CHRO Javier L. Evans Sells 35,470 Shares

What Happened
Javier L. Evans, Chief Human Resources Officer of Webster Financial Corporation, disposed of 35,470.317 shares of Webster common stock on August 20, 2026, under the merger/transaction agreement with Banco Santander. Under the deal, each Webster share was exchanged for the right to receive 2.0548 Banco Santander American Depositary Shares (ADS) and $48.75 in cash. The cash portion for Evans’ shares totals about $1,729,178; the exchange also resulted in approximately 72,884.4 Banco Santander ADS. The filing reports the disposition to the issuer (transaction code D); this was a corporate transaction rather than an open-market sale. The last NYSE close for Webster before the closing date was $77.57; fractional Webster shares were paid in cash.

Key Details

• Transaction date: 2026-08-20 (reported 2026-08-21)
• Reported disposition: 35,470.317 Webster shares; filing shows $0.00 per share because shares were exchanged under the Transaction Agreement
• Deal consideration: 2.0548 Banco Santander ADS + $48.75 cash per Webster share (cash ≈ $1,729,178 for these shares)
• Shares owned after transaction: 0 Webster common shares (reporting person no longer beneficially owns any Webster common stock)
• Footnotes: (F1) disposition pursuant to Transaction Agreement with Banco Santander; (F2) equity awards converted to equivalent Banco Santander awards; (F3) reporting person no longer owns Webster common stock
• Filing timeliness: filed the day after the transaction (no late filing indicator)

Context: This was a merger/reincorporation transaction consequence (exchange of Webster stock for Banco Santander ADS and cash), not an insider-initiated market sale. For retail investors, note this is a corporate-transaction disposition and not necessarily indicative of personal trading sentiment.