John R. Ciulla - Feb 1, 2022 Form 4/A - Amendment Insider Report for WEBSTER FINANCIAL CORP (WBS)

Role: President and CEO, Director
Signature: /s/ Jennifer H. Daukas, attorney-in-fact
Stock symbol: WBS
Transactions as of: Feb 1, 2022
Transactions value $: $0
Form type: 4/A - Amendment
Date filed: 2/2/2023, 05:58 PM
Date Of Original Report: Feb 3, 2022
Previous filing: Feb 14, 2022
Next filing: Mar 3, 2022
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	+8.27%	$0.00	182K	Feb 1, 2022	Direct	F1, F2

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

Explanation of Responses:

Id	Content
F1	The original Form 4, filed on February 3, 2022 (the "Original Form 4"), that reported the grant of Performance Shares under Webster's 2021 Incentive Plan (the "2021 Plan"), is being amended by this filing to reflect the downward adjustment to the number of Performance Shares granted to the Reporting Person in Column 4 from 41,583.5 shares to 13,861 shares, pursuant to the terms of the Award Amendment, dated February 1, 2023, to correct an administrative error. All other terms of the original Performance Shares remain unchanged.
F2	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 February 1, 2022 through December 31, 2022 performance period. The reported amount represents 50% of the Performance Shares granted on February 1, 2022, 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 February 1, 2022 will be reported as of the date of vesting, if any.

Content

The original Form 4, filed on February 3, 2022 (the "Original Form 4"), that reported the grant of Performance Shares under Webster's 2021 Incentive Plan (the "2021 Plan"), is being amended by this filing to reflect the downward adjustment to the number of Performance Shares granted to the Reporting Person in Column 4 from 41,583.5 shares to 13,861 shares, pursuant to the terms of the Award Amendment, dated February 1, 2023, to correct an administrative error. All other terms of the original Performance Shares remain unchanged.

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 February 1, 2022 through December 31, 2022 performance period. The reported amount represents 50% of the Performance Shares granted on February 1, 2022, 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 February 1, 2022 will be reported as of the date of vesting, if any.