HOLLAND WILLIAM NEAL 4
Research Summary
AI-generated summary
Webster Financial (WBS) CFO William Holland Receives Award
What Happened
- William Holland, EVP and Chief Financial Officer of Webster Financial Corporation (WBS), was granted 20,715 time-based restricted shares on March 11, 2026. The grant is reported as an award/acquisition (code A) with an acquisition price of $0.00 (i.e., a compensation grant, not a purchase).
Key Details
- Transaction date: 2026-03-11; Form 4 filed: 2026-03-13.
- Shares granted: 20,715; reported acquisition price: $0.00.
- Vesting: Grant vests in three equal installments over the next three years (footnote).
- Shares owned after transaction: not specified in the filing.
- Filing timeliness: Form 4 was filed on March 13, 2026; the filing does not indicate a late report.
Context
- This is a compensation award (restricted shares) rather than a market purchase or sale. Restricted awards typically vest over time and may be forfeited if employment ends before vesting, so they are a retention/compensation mechanism rather than an immediate market bet.