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This Form 4 details changes in beneficial ownership of securities, filed by Charles L. Wilkins, an officer of Webster Financial Corp, on May 6, 2024.
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Form 4 is a form filed with the Securities and Exchange Commission (SEC) by corporate insiders, including executives and directors, to report their ownership of the company's securities.
Corporate insiders, such as officers, directors, and shareholders owning more than 10% of a company's stock, are required to file Form 4.
To fill out Form 4, insiders must provide their name, address, the securities involved, transaction dates, and the nature of the transaction (e.g., purchase, sale). Detailed instructions are available on the SEC's website.
The purpose of Form 4 is to provide transparency regarding insider ownership and trading activities, helping to prevent insider trading and ensuring that investors have access to timely information.
Form 4 requires reporting of the insider's name, relationship to the company, transaction date, type of transaction, number of shares bought or sold, and the price of the transaction.
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