Webster Financial (WBS) awards 4,824 restricted shares to Head of Bank Operations
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
KRYNICK BENJAMIN L. reported acquisition or exercise transactions in this Form 4 filing.
WEBSTER FINANCIAL CORP executive Benjamin L. Krynick, Head of Bank Operations, received a compensation-related grant of 4,824 shares of common stock. The grant consists of time-based restricted shares that will vest in three equal installments over the next three years. Following this award, he directly holds 16,752.51 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
KRYNICK BENJAMIN L.
Role
Head of Bank Operations
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,824 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 16,752.51 shares (Direct)
Footnotes (1)
- [object Object]
FAQ
What insider transaction did WEBSTER FINANCIAL CORP (WBS) report for Benjamin Krynick?
WEBSTER FINANCIAL CORP reported that executive Benjamin L. Krynick received a grant of 4,824 shares of common stock. These are time-based restricted shares awarded as compensation, not an open-market purchase or sale, and increase his direct equity stake in the company.
Is the Benjamin Krynick Form 4 for WBS a stock purchase or a grant?
The Form 4 for Benjamin L. Krynick reflects a stock grant, not a purchase. He received 4,824 restricted shares at a price of $0.00 per share as part of his compensation, classified as a grant, award, or other acquisition of common stock.
What role does Benjamin Krynick hold at WEBSTER FINANCIAL CORP in this Form 4?
In this Form 4, Benjamin L. Krynick is identified as an officer of WEBSTER FINANCIAL CORP with the title Head of Bank Operations. The reported transaction reflects an equity grant tied to his executive role rather than a discretionary market trade in the company’s shares.
Does the WBS Form 4 indicate any stock sales or disposals by Benjamin Krynick?
The Form 4 for Benjamin L. Krynick shows no stock sales or disposals. It reports a single acquisition transaction coded as a grant or award of 4,824 restricted common shares, with no accompanying sales, tax-withholding dispositions, or derivative exercises in this particular filing.