other material
confidence high
sentiment positive
materiality 0.65
Webster Financial increases share repurchase authority by $600M to $601.2M total
WEBSTER FINANCIAL CORP
- Board authorized $600M increase in common stock buyback program; total authorization now $601.2M.
- Repurchases may be made via open market, private transactions, block trades, or 10b5-1 plans at management's discretion.
- As of March 31, 2022, only $1.2M remained under the previous program.
- Program has no expiration date but may be suspended or terminated by the Board at any time.