Luis Massiani - 01 Feb 2024 Form 4 Insider Report for WEBSTER FINANCIAL CORP (WBS)

Role: President and COO
Signature: Jennifer H. Daukas, attorney-in-fact
Issuer symbol: WBS
Transactions as of: 01 Feb 2024
Net transactions value: -$350,863
Form type: 4
Filing time: 02 Feb 2024, 16:10:32 UTC
Previous filing: 30 Jan 2024
Next filing: 09 Feb 2024
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	+5,572	+6.2%	$0.000000	95,193	01 Feb 2024	Direct	F1
transaction	WBS	Common Stock	Tax liability	$350,863	-7,091	-7.4%	$49.48	88,102	01 Feb 2024	Direct

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

Explanation of Responses:

Id	Content
F1	The reported amount represents the amount of Performance Shares (in excess of the time-based Performance Shares previously reported on the Form 4s filed on February 3, 2022 and February 2, 2023) that vested upon the achievement of performance metrics for the January 1, 2023 through December 31, 2023 performance period. The remaining Performance Shares granted on February 1, 2022 will be eligible to vest in an amount ranging from 50% to 100% of target based on achievement of performance metrics in the January 1, 2024 through December 31, 2024 performance period.

Content

The reported amount represents the amount of Performance Shares (in excess of the time-based Performance Shares previously reported on the Form 4s filed on February 3, 2022 and February 2, 2023) that vested upon the achievement of performance metrics for the January 1, 2023 through December 31, 2023 performance period. The remaining Performance Shares granted on February 1, 2022 will be eligible to vest in an amount ranging from 50% to 100% of target based on achievement of performance metrics in the January 1, 2024 through December 31, 2024 performance period.