secwatch.observer — SEC 8-K summary
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Issuer:     WEBSTER FINANCIAL CORP (WBS)
CIK:        0000801337
Form:       8-K/A
Filed at:   2022-04-27T23:59:59+00:00
Accession:  0000801337-22-000019
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 8.01
LLM model:  deepseek-v4-flash:cloud@v2

Webster Financial expands share repurchase authority by $600M to $601.2M total
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- Board authorized $600M increase in common stock repurchase authority on April 27, 2022.
- Prior remaining authority was only ~$1.2M as of March 31, 2022; total now $601.2M.
- Repurchases may occur via open market, private transactions, block trades, or 10b5-1 plans.
- Program has no expiration but may be suspended or terminated by the Board at any time.
- Repurchases subject to market conditions, stock price, capital allocation, and regulatory factors.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/801337/000080133722000019/0000801337-22-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/801337/000080133722000019/wbs-20220427.htm
  HTML page:      https://secwatch.observer/filing/0000801337-22-000019

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer