Christopher J. Motl - Feb 1, 2022 Form 4 Insider Report for WEBSTER FINANCIAL CORP (WBS)

Role: President of Comm. Banking
Signature: Jennifer H. Daukas, attorney-in-fact
Stock symbol: WBS
Transactions as of: Feb 1, 2022
Transactions value $: $0
Form type: 4
Date filed: 2/3/2022, 05:43 PM
Previous filing: Jan 12, 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	+14.2K	+39.11%	$0.00	50.4K	Feb 1, 2022	Direct	F1
transaction	WBS	Common Stock	Award	$0	+16.6K	+33.02%	$0.00	67K	Feb 1, 2022	Direct	F2
holding	WBS	Common Stock						7.52K	Feb 1, 2022	401(k) Plan

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

Explanation of Responses:

Id	Content
F1	Represents Performance Shares deemed to be earned, effective as of immediately prior to the completion of the merger whereby Sterling Bancorp was merged with and into Webster Financial Corporation, effective January 31, 2022 (the "Merger"). These shares remain subject to time vesting and other terms and conditions.
F2	Performance Shares granted on February 1, 2022, of which one-third will be eligible to vest each year in an amount ranging from 50% to 100% of target based on achievement of performance metrics in each of the February 1, 2022 through December 31, 2022, January 1, 2023 through December 31, 2023 and January 1, 2024 through December 31, 2024 performance periods. 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

Represents Performance Shares deemed to be earned, effective as of immediately prior to the completion of the merger whereby Sterling Bancorp was merged with and into Webster Financial Corporation, effective January 31, 2022 (the "Merger"). These shares remain subject to time vesting and other terms and conditions.

Performance Shares granted on February 1, 2022, of which one-third will be eligible to vest each year in an amount ranging from 50% to 100% of target based on achievement of performance metrics in each of the February 1, 2022 through December 31, 2022, January 1, 2023 through December 31, 2023 and January 1, 2024 through December 31, 2024 performance periods. 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.