Webster Financial Director William Haas Sells 6,261 Shares

What Happened

• William David Haas, a director of Webster Financial Corporation (WBS), disposed of 6,261 shares of Webster common stock on August 20, 2026. Per the transaction agreement, each Webster share was exchanged for $48.75 in cash and 2.0548 Banco Santander American Depositary Shares (ADS). The cash received totals approximately $305,223.75 and the ADS received equal about 12,865.1 ADS. The Form 4 reports the disposition as to the issuer (D) with $0 per-share reported on the form itself because the transfer occurred in connection with the corporate transaction closing.

Key Details

• Transaction date: August 20, 2026 (closing date of the transaction)
• Consideration: $48.75 cash per Webster share + 2.0548 Banco Santander ADS per share
• Total cash received: ~$305,223.75; ADS received: ~12,865 ADS
• Shares disposed: 6,261; shares owned after transaction: 0 (reporting person no longer beneficially owns any Webster common stock)
• Relevant agreement: Transaction Agreement dated February 3, 2026 (Webster’s reincorporation/merger and sale to Banco Santander)
• Filing: Form 4 filed August 21, 2026 (no late-filing indication in the report)
• Note: All fractional shares were paid in cash.

Context

• This was not a routine open-market sale but a corporate transaction—Webster common stock was exchanged at the closing of the Santander acquisition/reincorporation merger. The reported disposition reflects the takeover consideration rather than an insider-driven sale for personal reasons.