Beatrice Ordonez - Jan 31, 2022 Form 4/A - Amendment Insider Report for WEBSTER FINANCIAL CORP (WBS)

Role: Chief Innovation Officer
Signature: Jennifer H. Daukas, attorney-in-fact
Stock symbol: WBS
Transactions as of: Jan 31, 2022
Transactions value $: -$112,046
Form type: 4/A - Amendment
Date filed: 2/3/2022, 04:13 PM
Date Of Original Report: Feb 2, 2022
Next filing: Mar 3, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WBS	Common Stock	Award	$0	+69.5K		$0.00	69.5K	Jan 31, 2022	Direct	F1
transaction	WBS	Common Stock	Tax liability	-$112K	-1.86K	-2.68%	$60.24	67.6K	Feb 1, 2022	Direct	F2

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

Explanation of Responses:

Id	Content
F1	Acquired in connection with the Merger Agreement by and between Webster Financial Corporation ("Webster") and Sterling Bancorp ("Sterling"), dated April 18, 2021, pursuant to which Sterling was merged with and into Webster, effective January 31, 2022 (the "Merger"). Pursuant to the Merger, each issued and outstanding share of Sterling common stock was converted into the right to receive 0.4630 shares of Webster common stock.
F2	On February 2, 2022, the reporting person filed a Form 4 which inadvertently reported that the share price of withheld shares was $0. In fact, as reported in this amendment, the share price of withheld shares was $60.24, which was the market value at the time of withholding on February 1, 2022. The original Form 4 also inadvertently reported that the amount of securities beneficially owned following the transaction was 1,860 shares of the issuer's common stock. In fact, as reported in this amendment, the amount of securities beneficially owned following the transaction is 67,612 shares of the issuer's common stock.

Content

Acquired in connection with the Merger Agreement by and between Webster Financial Corporation ("Webster") and Sterling Bancorp ("Sterling"), dated April 18, 2021, pursuant to which Sterling was merged with and into Webster, effective January 31, 2022 (the "Merger"). Pursuant to the Merger, each issued and outstanding share of Sterling common stock was converted into the right to receive 0.4630 shares of Webster common stock.

On February 2, 2022, the reporting person filed a Form 4 which inadvertently reported that the share price of withheld shares was $0. In fact, as reported in this amendment, the share price of withheld shares was $60.24, which was the market value at the time of withholding on February 1, 2022. The original Form 4 also inadvertently reported that the amount of securities beneficially owned following the transaction was 1,860 shares of the issuer's common stock. In fact, as reported in this amendment, the amount of securities beneficially owned following the transaction is 67,612 shares of the issuer's common stock.