A Form 4 filed on August 21, 2026 reports that William David Haas, a director of Webster Financial Corp (NYSE:WBS), disposed of 6,261 shares of Webster common stock on August 20, 2026 as a result of the closing of an acquisition by Banco Santander, S.A.

Key Highlights

  • Reporting person: William David Haas, identified as a Director of Webster Financial Corp.
  • Shares disposed: 6,261 shares of Webster common stock disposed of on August 20, 2026, at a price of $0.
  • Acquisition terms: Each share of Webster common stock was exchanged for 2.0548 Banco Santander American Depositary Shares and $48.75 in cash, without interest, per the Transaction Agreement dated February 3, 2026.
  • Last trading price: The closing price of Webster common stock on the New York Stock Exchange on the last trading day prior to the closing date was $77.57.
  • Resulting ownership: According to the filing, the reporting person no longer beneficially owns, directly or indirectly, any shares of Webster common stock.

Haas Exits Webster Common Stock Following Banco Santander Merger Closing

According to the filing, the disposal was made pursuant to a transaction agreement dated February 3, 2026, among Banco Santander, S.A., Webster Financial Corporation, and Webster Virginia Corporation. The filing describes that each share of Webster common stock issued and outstanding immediately prior to the effective time of a reincorporation merger between Webster and Webster Virginia was exchanged for the right to receive from Banco Santander 2.0548 Banco Santander American Depositary Shares and $48.75 in cash, without interest, on August 20, 2026, which the filing identifies as the "Closing Date."

The filing reports that the transaction code for the disposition is "D" and that the price attributed to the shares disposed of is $0, reflecting that consideration was received in the form of Banco Santander American Depositary Shares and cash per the merger terms rather than as a market sale. The filing notes that the closing price of Webster common stock on the New York Stock Exchange on the last trading day prior to the Closing Date was $77.57, and that all fractional shares were paid in cash.

Following the reported transaction, the filing states that Haas no longer beneficially owns, directly or indirectly, any shares of Webster common stock. The Form 4 was signed by Bradley Larkin as attorney-in-fact on August 21, 2026.

What Was Disclosed

Director William David Haas reported the disposal of 6,261 shares of Webster Financial common stock on August 20, 2026, under the terms of the Banco Santander acquisition, after which the filing states he holds no remaining beneficial ownership in Webster common stock.