Webster (WBS) Director Mona Aboelnaga Sells 14,312 Shares

What Happened
Mona Aboelnaga, a director of Webster Financial Corporation, disposed of 14,311.92 shares of Webster common stock on August 20, 2026. Under the transaction agreement tied to Webster’s reincorporation merger and acquisition by Banco Santander, each Webster share was exchanged for 2.0548 Banco Santander American Depositary Shares (ADS) and $48.75 in cash. That consideration equates to approximately $697,706 in cash and roughly 29,408 ADS in total; the Form 4 reports the disposition to the issuer (code D) with $0.00 per-share reported because the consideration was non-standard. After the transaction the reporting person no longer beneficially owns any Webster common stock.

Key Details

• Transaction date: August 20, 2026; Form 4 filed August 21, 2026 (timely).
• Reported transaction type: Disposition to issuer (code D).
• Shares disposed: 14,311.92. Reported price: $0.00 (consideration was ADS + cash).
• Consideration: 2.0548 Banco Santander ADS per Webster share (~29,408 ADS) and $48.75 cash per share (≈ $697,706 total cash). All fractional shares were paid in cash.
• Shares owned after transaction: 0 Webster common shares (per filing footnote).
• Notable footnotes: Transaction governed by the Transaction Agreement dated Feb 3, 2026; closing price of Webster stock on the last trading day prior to closing was $77.57.

Context
This was a corporate-level disposition tied to the acquisition/reincorporation transaction with Banco Santander, not an open-market sale by the director. The filing shows the exchange of Webster shares for Banco Santander ADS and cash; it does not by itself indicate the director’s personal trading view of the combined company.