Amended Statement of Changes in Beneficial Ownership (4/a)
09 Febrero 2022 - 4:16PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
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Massiani Luis |
2. Issuer Name and Ticker or Trading Symbol
WEBSTER FINANCIAL CORP
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WBS
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Operating Officer |
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(Last)
(First)
(Middle)
C/O WEBSTER FINANCIAL CORP, 145 BANK STREET |
3. Date of Earliest Transaction
(MM/DD/YYYY)
1/31/2022 |
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(Street)
WATERBURY, CT 06702
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
2/2/2022 |
6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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| Common Stock | 1/31/2022 | | A | | 130188 (1) | A | $0 | 130188 | D | |
| Common Stock | 2/1/2022 | | A | | 24950.5 (2)(3) | A | $0 | 155138.5 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code
(Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) | 8. Price of Derivative Security
(Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
| Explanation of Responses: |
| (1) | Acquired in connection with the Merger Agreement by and between Webster Financial Corporation ("Webster") and Sterling Bancorp ("Sterling"), dated April 18, 2021, pursuant to which Sterling was merged with and into Webster, effective January 31, 2022 (the "Merger"). Pursuant to the Merger, each issued and outstanding share of Sterling common stock was converted into the right to receive 0.4630 shares of Webster common stock. |
| (2) | Performance Shares granted on February 1, 2022, of which one-third will be eligible to vest each year in an amount ranging from 50% to 100% of target based on achievement of performance metrics in each of the February 1, 2022 through December 31, 2022, January 1, 2023 through December 31, 2023 and January 1, 2024 through December 31, 2024 performance periods. The reported amount represents 50% of the Performance Shares granted on February 1, 2022, which is the minimum portion that will vest subject to time vesting and other terms and conditions. The remaining portion of the Performance Shares granted on February 1, 2022 will be reported as of the date of vesting, if any. |
| (3) | On February 2, 2022, the reporting person filed a Form 4 which inadvertently reported that the securities acquired in the transaction was 8,317 shares of the issuer's common stock. In fact, as reported in this amendment, the amount of securities acquired in the transaction was 24,950.5 shares of the issuer's common stock. |
Reporting Owners
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| Reporting Owner Name / Address | Relationships |
| Director | 10% Owner | Officer | Other |
Massiani Luis
C/O WEBSTER FINANCIAL CORP
145 BANK STREET
WATERBURY, CT 06702 |
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| Chief Operating Officer |
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Signatures
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| Jennifer H. Daukas, attorney-in-fact | | 2/9/2022 |
| **Signature of Reporting Person | Date |
Webster Financial (NYSE:WBS-F)
Gráfica de Acción Histórica
De May 2024 a Jun 2024
Webster Financial (NYSE:WBS-F)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024
