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WEBSTER FINANCIAL CORP — Director's Dealing 2019
Jul 3, 2019
30588_dirs_2019-07-03_3f514bb0-22e6-4bea-816e-b9d89668e396.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: WEBSTER FINANCIAL CORP (WBS)
CIK: 0000801337
Period of Report: 2019-07-01
Reporting Person: SMITH JAMES COPENHAVER (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-07-01 | Common Stock | M | 12857.395 | — | Acquired | 328254.238 | Direct |
| 2019-07-01 | Common Stock | D | 12857.395 | $47.54 | Disposed | 315396.843 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2019-07-01 | Phantom Stock | $ | M | 12857.395 | Disposed | Common Stock (12857.395) | Indirect |
Footnotes
F1: Shares of phantom stock are payable in shares or in cash following the reporting person's retirement from Webster Financial Corporation over a 10-year period. Each share of phantom stock represents the right to receive one share of Webster Financial Corporation common stock or the cash value thereof. On July 1, 2019, 12,857.395 units of the reporting person's phantom stock units, including 1,596.271 units attributable to dividend reinvestment, were settled in cash for $47.54 per share.
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