Bernard M. Garrigues - Feb 1, 2022 Form 4 Insider Report for WEBSTER FINANCIAL CORP (WBS)

Role
EVP-Chief Human Resources Off
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, 05:53 PM
Previous filing
Feb 14, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WBS Common Stock Award $0 +6.86K +26.31% $0.00 32.9K Feb 1, 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Bernard M. Garrigues is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

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. These shares remain subject to time vesting and other terms and conditions.

Remarks:

The reporting person resigned as an officer of Webster Financial Corporation effective January 31, 2022 in connection with the Merger. As a result, the reporting person is no longer subject to Section 16 in connection with their transactions in the equity securities of Webster Financial Corporation and therefore will no longer report any such transactions on Form 4 or Form 5.