A Form 4 filed on August 21, 2026 reveals that William David Haas, a director at Webster Financial Corp
(NYSE:WBS)
, sold 6,261 shares of Webster common stock on August 20, 2026 following the closing of the acquisition by Banco Santander, S.A.
Key Highlights
Reporting individual: William David Haas, Director of Webster Financial Corp.
Shares sold: 6,261 shares of Webster common stock sold on August 20, 2026, at a price of $0.
Acquisition details: Each Webster common stock share was exchanged for 2.0548 Banco Santander American Depositary Shares plus $48.75 in cash, without interest, as per the Transaction Agreement dated February 3, 2026.
Previous trading price: Webster common stock closed at $77.57 on the NYSE on the last trading day before the closing date.
Post-transaction ownership: The filing confirms Haas no longer holds any beneficial ownership, directly or indirectly, in Webster common stock.
Haas Divests Webster Stock Following Banco Santander Merger Closure
The filing states the sale occurred under a transaction agreement dated February 3, 2026, involving Banco Santander, S.A., Webster Financial Corporation, and Webster Virginia Corporation. It specifies that each outstanding Webster common stock share immediately before 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, referred to as the “Closing Date.”
The transaction code for the sale is “D,” with the shares attributed a $0 price, reflecting that compensation was received in Banco Santander American Depositary Shares and cash according to the merger terms rather than through a market sale. The filing notes the closing price of Webster common stock on the NYSE on the last trading day before the Closing Date was $77.57, and that all fractional shares were settled in cash.
Following this transaction, Haas no longer beneficially owns any Webster common stock, either directly or indirectly. The Form 4 was signed by attorney-in-fact Bradley Larkin on August 21, 2026.
Disclosure Summary
Director William David Haas disclosed the sale of 6,261 shares of Webster Financial common stock on August 20, 2026, under the terms of the Banco Santander acquisition, after which he holds no beneficial ownership in Webster common stock.