A statement of changes in beneficial ownership for Webster Financial Corp was filed on August 17, 2026, covering transactions by Chief Information Officer Vikram A. Nafde dated August 13, 2026.

Key Highlights

  • Reporting person: Vikram A. Nafde, Chief Information Officer of Webster Financial Corp (NYSE:WBS)
  • Shares acquired: 13,865 shares of common stock vested at $0 on August 13, 2026, representing performance shares accelerated under a Transaction Agreement
  • Tax withholding disposals: 6,426 shares disposed at $79.07 for tax withholding on performance shares; an additional 2,685 shares disposed at $79.07 for tax withholding on time-based restricted shares
  • Resulting ownership: 37,862.8465 shares of common stock beneficially owned directly following all reported transactions
  • Transaction Agreement context: Vesting accelerations were pursuant to the Transaction Agreement dated February 3, 2026, among Webster Financial Corporation, Banco Santander, S.A., and Webster Virginia Corporation
  • Employee Stock Purchase Plan: A prior balance reflects 219.686 shares purchased through Webster Financial Corporation's Employee Stock Purchase Plan, as amended and restated effective April 1, 2019

Nafde's August 2026 Transactions at Webster Financial

According to the filing, Vikram A. Nafde held 33,108.8465 shares of Webster Financial Corp common stock prior to the reported transactions. On August 13, 2026, Nafde acquired 13,865 shares at a price of $0, representing the vesting of certain performance shares that, as the filing states, "were accelerated pursuant to the Transaction Agreement, dated as of February 3, 2026, by and among Webster Financial Corporation, Banco Santander, S.A. and Webster Virginia Corporation."

Following that acquisition, the filing reports two separate disposal transactions on the same date, both coded as tax withholding disposals. The first involved 6,426 shares disposed of at $79.07 per share, related to tax withholding on the vested performance shares. The second involved 2,685 shares disposed of at $79.07 per share, related to tax withholding on time-based restricted shares that were similarly accelerated under the same Transaction Agreement. After all three transactions, Nafde's directly held beneficial ownership stood at 37,862.8465 shares, according to the filing.

The filing also notes that the opening balance of 33,108.8465 shares reflects, among other holdings, 219.686 shares purchased through Webster Financial Corporation's Employee Stock Purchase Plan, as amended and restated effective April 1, 2019, since Nafde's most recent prior filing dated March 13, 2026. The statement was signed by Bradley Larkin as attorney-in-fact on August 17, 2026.

What Was Disclosed

The filing disclosed share vesting, tax withholding disposals, and resulting beneficial ownership for Webster Financial Corp's Chief Information Officer, Vikram A. Nafde, following equity acceleration events tied to a previously announced Transaction Agreement involving Banco Santander, S.A.