John R. Ciulla - 01 May 2023 Form 4 Insider Report for WEBSTER FINANCIAL CORP (WBS)

Role: President and CEO, Director
Signature: Jennifer H. Daukas, attorney-in-fact
Issuer symbol: WBS
Transactions as of: 01 May 2023
Transactions value $: $0
Form type: 4
Filing time: 02 May 2023, 16:20:15
Previous filing: 03 Mar 2023
Next filing: 05 May 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WBS	Common Stock	Award	$0	+13.9K	+6.03%	$0.00	244K	01 May 2023	Direct	F1
holding	WBS	Common Stock						15.5K	01 May 2023	401(k) Plan

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The Performance Shares will be eligible to vest in an amount ranging from 50% to 100% of target based on the achievement of performance metrics for the January 1, 2024 through December 31, 2024 performance period. The reported amount represents 50% of the Performance Shares granted on May 1, 2023, which is the minimum portion that will vest subject to time vesting and other terms and conditions. The remaining portion of the Performance Shares granted on May 1, 2023 will be reported as of the date of vesting, if any.

Content

The Performance Shares will be eligible to vest in an amount ranging from 50% to 100% of target based on the achievement of performance metrics for the January 1, 2024 through December 31, 2024 performance period. The reported amount represents 50% of the Performance Shares granted on May 1, 2023, which is the minimum portion that will vest subject to time vesting and other terms and conditions. The remaining portion of the Performance Shares granted on May 1, 2023 will be reported as of the date of vesting, if any.