GRIFFIN JAMES MI 4
Research Summary
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Webster Financial (WBS) Head of Consumer Banking GRIFFIN JAMES MI Receives Award
What Happened GRIFFIN JAMES MI, Head of Consumer Banking at Webster Financial Corp (WBS), received a grant of 7,777 restricted shares on January 27, 2026. The Form 4 reports these as an award/acquisition (code A) at a reported price/value of $0. This is a compensation award (time‑based restricted stock), not an open‑market purchase or sale.
Key Details
- Transaction date: 2026-01-27; filing date: 2026-01-29 (filed within the typical 2‑business‑day Form 4 window).
- Shares granted: 7,777 restricted shares; reported acquisition price/value: $0.
- Shares owned after transaction: not specified in the provided filing.
- Footnote F1: The shares are time‑based restricted shares that will vest on the three‑year anniversary of the grant (Jan 27, 2029).
- No 10b5‑1 plan, cashless exercise, tax withholding, or gift notation provided in the filing.
Context Time‑based restricted share grants are common compensation for executives and generally vest after a service period (here, three years). They do not represent an immediate purchase or sale of stock and therefore are not a direct bullish or bearish trading signal. These awards are intended as retention/compensation and become tradable only if and when vesting conditions are met.