Mark Pettie of Webster Financial (WBS) receives 1,596 restricted shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pettie Mark reported acquisition or exercise transactions in this Form 4 filing.
Webster Financial Corp director Mark Pettie received a grant of 1,596 shares of Common Stock as restricted stock compensation. The award was made on May 21, 2026 as restricted stock.
The shares will vest on the one-year anniversary of the grant date and then be subject to a further two-year holding period. After this grant, Pettie directly holds 35,993 shares of Webster Financial common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Pettie Mark
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,596 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 35,993 shares (Direct, null)
Footnotes (1)
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Key Figures
Restricted stock grant: 1,596 shares
Shares owned after grant: 35,993 shares
Vesting period: 1 year
+2 more
5 metrics
Restricted stock grant
1,596 shares
Common Stock award on May 21, 2026
Shares owned after grant
35,993 shares
Total direct holdings following transaction
Vesting period
1 year
Time from May 21, 2026 grant to vesting
Post-vesting holding period
2 years
Mandatory holding after vesting of restricted stock
Grant price
$0.0000 per share
Compensation award, no purchase price paid
Key Terms
restricted stock, vesting, holding period, Common Stock
4 terms
restricted stock financial
"Reflects a grant of restricted stock made to the reporting person on May 21, 2026"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
vesting financial
"that will vest on the one-year anniversary of the date of grant"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
holding period financial
"The restricted stock also has a two-year holding period following the vesting period"
Common Stock financial
"security_title: "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did Mark Pettie report at Webster Financial (WBS)?
Mark Pettie reported receiving a grant of 1,596 shares of Webster Financial common stock. The Form 4 shows this as a restricted stock award made at no purchase price, increasing his direct holdings to 35,993 shares following the transaction.
What is the holding period on Mark Pettie’s Webster Financial (WBS) restricted stock grant?
The restricted stock has a two-year holding period following vesting. This means that even after the shares vest one year after grant, Pettie must hold them for an additional two years before they become freely tradable under the award’s terms.
Was Mark Pettie’s Webster Financial (WBS) Form 4 transaction a market purchase or sale?
The Form 4 reports a grant/award acquisition, not a market trade. Pettie did not buy or sell shares on the open market; instead, he received 1,596 restricted shares as a compensation-related stock award at no transaction price.