Webster Financial stockholders approve Banco Santander acquisition with 98.7% support

Filed May 27, 2026 · Period ending May 26, 2026 · ~1 min read

Key Changes

• high

  Stockholders voted overwhelmingly to approve Webster Financial's acquisition by Banco Santander in a cash and stock transaction, with 115.8M votes for versus 1.3M against (98.7% approval rate). The transaction agreement was originally signed February 3, 2026.

  Item 5.07 verify on EDGAR →
• high

  Strong turnout of 72.3% of outstanding shares (117.3M of 162M shares) participated in the May 26 special meeting, providing legitimacy to the approval and clearing the path for the acquisition to proceed.

  Item 5.07 verify on EDGAR →
• medium

  Executive compensation related to the deal received narrower approval at 58.5% (68M for vs 48.1M against), showing stockholder concern about management payouts despite supporting the underlying transaction. This advisory vote was non-binding.

  Item 5.07 verify on EDGAR →