{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-041328","form_type":"8-K","ticker":"WBS","cik":"0000801337","company_name":"WEBSTER FINANCIAL CORP","filed_at":"2026-02-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:37.729829+00:00","generated_at":"2026-05-16T04:13:17.946279+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":1.0,"calibrated_materiality_score":1.0,"confidence":"high","headline":"Webster Financial to be acquired by Banco Santander for 2.0548 SAN shares plus $48.75 cash per WBS share","bullets":["Transaction structured as a reincorporation merger into a Virginia sub, then a share exchange by Santander.","Each Webster common share will be exchanged for 2.0548 Santander ordinary shares (or ADSs) and $48.75 in cash.","Deal unanimously approved by both boards; requires Webster and Santander shareholder votes and regulatory approvals (Fed, ECB).","Webster would pay a $489M termination fee if it accepts an alternative proposal or changes board recommendation.","Time-based and performance-based restricted stock awards will either vest or convert to Santander equity awards at closing."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-041328","json":"https://secwatch.observer/filing/0001193125-26-041328.json","markdown":"https://secwatch.observer/filing/0001193125-26-041328.md","text":"https://secwatch.observer/filing/0001193125-26-041328.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/801337/000119312526041328/0001193125-26-041328-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/801337/000119312526041328/d103982d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T04:13:17.946279+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8b719c6cc10b57a444cd115c91dd22230d7f5235","claim":"WEBSTER FINANCIAL CORP entered into Transaction Agreement with Banco Santander, S.A. (effective 2026-02-03).","evidence_excerpt":"On February 3, 2026, Webster Financial Corporation, a Delaware corporation (“Webster”), entered into a Transaction Agreement (the “Transaction Agreement”) with Banco Santander, S.A., a Spanish sociedad anónima (“Banco Santander”), and a wholly owned subsidiary of Webster incorporated in the State of Virginia (the “Webster Subsidiary”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/801337/000119312526041328/0001193125-26-041328-index.htm","confidence":0.99,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Banco Santander, S.A."},{"label":"Effective","value":"2026-02-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}