Marissa Weidner, Chief Corporate Responsibility Officer of Webster Financial Corp, filed a Form 4 on August 21, 2026, reporting the disposition of 21,645 shares of Webster common stock on August 20, 2026, in connection with the closing of the company's acquisition by Banco Santander, S.A.

Key Highlights

  • Shares disposed: 21,645 shares of Webster Financial common stock were disposed of on August 20, 2026, at a price of $0.
  • Merger consideration: Each Webster share was exchanged for the right to receive 2.0548 Banco Santander American Depositary Shares and $48.75 in cash, without interest.
  • 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.
  • Equity awards converted: All equity awards held by the reporting person were converted to equivalent Banco Santander equity awards in accordance with the Transaction Agreement.
  • Zero remaining ownership: As a result of the transaction, the reporting person no longer beneficially owns, directly or indirectly, any shares of Webster's common stock.

Webster Financial Merger With Banco Santander: Officer's Share Disposition Reported

According to the filing, the disposition 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 a reincorporation merger between Webster and Webster Virginia, through which each share of Webster common stock issued and outstanding immediately prior to the effective time of the merger 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, identified in the filing as the "Closing Date."

The filing states that Webster Financial Corp trades under the ticker WBS, with the issuer identified as WEBSTER FINANCIAL CORP. The exchange is the New York Stock Exchange, and the filing confirms that NYSE:WBS had a closing price of $77.57 on the last trading day prior to the Closing Date. The transaction code reported for the disposition is "D," and the price attributed to the disposed shares is listed as $0, reflecting the mandatory exchange structure of the merger rather than an open-market sale. Any fractional shares, according to the filing, were paid in cash.

Regarding equity compensation, the filing notes that at the closing time, all equity awards held by Weidner were converted to equivalent Banco Santander equity awards in accordance with the terms of the Transaction Agreement. The filing was signed by Bradley Larkin as attorney-in-fact on August 21, 2026, and reflects that Weidner holds no remaining direct or indirect beneficial ownership of Webster common stock following the transaction.

What Was Disclosed

The Form 4 filed by Webster Financial's Chief Corporate Responsibility Officer, Marissa Weidner, reports the merger-driven disposition of 21,645 shares of Webster common stock on August 20, 2026, with zero shares of Webster common stock remaining in her beneficial ownership afterward.