Charles L. Wilkins, Head of HSA Bank at Webster Financial Corp (NYSE:WBS), filed a Form 4 on August 17, 2026, reporting three transactions in common stock dated August 13, 2026, all tied to accelerated equity vesting under a previously announced Transaction Agreement.

Key Highlights

  • Accelerated performance share vesting: Wilkins acquired 15,627 shares of common stock at $0, reflecting vesting of performance shares accelerated under the Transaction Agreement dated February 3, 2026.
  • Tax withholding disposals: 6,152 shares were disposed of at $79.07 per share for tax withholding on the vested performance shares, and an additional 849 shares were disposed of at $79.07 for tax withholding on vested time-based restricted shares.
  • Resulting ownership: Following all three transactions, Wilkins directly beneficially owned 52,773 shares of common stock.
  • Transaction Agreement parties: The accelerations were made pursuant to the Transaction Agreement among Webster Financial Corporation, Banco Santander, S.A., and Webster Virginia Corporation, dated February 3, 2026.
  • Role of reporting person: Wilkins is identified as an officer with the title Head of HSA Bank.

Accelerated Vesting Under Webster Financial's February 2026 Transaction Agreement

According to the filing, all three transactions reported by Charles L. Wilkins on August 13, 2026, were tied to equity acceleration provisions in a Transaction Agreement dated February 3, 2026, entered into by Webster Financial Corporation, Banco Santander, S.A., and Webster Virginia Corporation. The filing identifies Wilkins as an officer of Webster Financial Corp, serving as Head of HSA Bank.

The first transaction, coded "A," reflects the acquisition of 15,627 shares of common stock at a price of $0, representing the vesting of certain performance shares accelerated pursuant to the Transaction Agreement. Following that acquisition, the filing reported beneficial ownership of 59,774 shares. Two subsequent "F" coded transactions represent shares withheld for tax purposes: 6,152 shares disposed of at $79.07, reducing the total to 53,622 shares, and then 849 shares disposed of at $79.07 for tax withholding on time-based restricted shares, bringing the final reported direct ownership to 52,773 shares.

The filing was signed by Bradley Larkin as attorney-in-fact on August 17, 2026. All ownership reported is direct. No derivative securities were reported in Table II of the filing.

What Was Disclosed

The Form 4 disclosed three August 13, 2026 transactions by Webster Financial officer Charles L. Wilkins: a 15,627-share performance share vesting at $0 and two tax-withholding disposals totaling 7,001 shares at $79.07, leaving direct beneficial ownership of 52,773 shares.