NYSE files to delist Webster Financial common and preferred shares

What happened

On August 20, 2026, the New York Stock Exchange filed a Form 25 with the SEC to delist all of Webster Financial Corp.'s securities currently traded on the exchange: its common stock, its 5.25% Series F depositary shares, and its 6.50% Series G depositary shares.

The filing says the exchange relied on Section 12(d) of the Securities Exchange Act and cites the company's compliance with exchange rules for voluntary withdrawal. The company's stock price was unchanged at $77.57 on the event date.

What this means

A Form 25 is the official notice that a security is being removed from an exchange's listing and registration. It is filed by the exchange, not the company, and can be triggered either by the company's voluntary request or by the exchange's action. Here, the form explicitly references the company's compliance with rules for voluntary withdrawal, meaning Webster Financial initiated the move.

The form lists three classes of securities: common stock, and two types of depositary shares. Depositary shares represent fractional interests in preferred stock—here, 1/1,000th of a 5.25% Series F preferred and 1/40th of a 6.50% Series G preferred. These are preferred shares that pay fixed dividends, and the percentages are the dividend rates.

The filing does not explain why the company chose to delist, and no reason is given beyond the voluntary withdrawal language. That step is often taken when a company plans to go private, merge with another firm, or shift trading to another venue, but the form itself does not say which.

Normally, after a Form 25 is filed, the securities continue to trade for a short period (usually about 10 days) before delisting becomes effective. The company's obligations to file with the SEC under Section 12(b) are suspended once the delisting is complete.