John R. Ciulla - Feb 1, 2023 Form 4 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, 2023
Transactions value $: -$660,389
Form type: 4
Date filed: 2/2/2023, 06:07 PM
Previous filing: Feb 14, 2023
Next filing: Mar 3, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WBS	Common Stock	Award	$0	+13.9K	+6.7%	$0.00	221K	Feb 1, 2023	Direct	F1
transaction	WBS	Common Stock	Tax liability	-$660K	-12.5K	-5.68%	$52.65	208K	Feb 1, 2023	Direct
transaction	WBS	Common Stock	Award	$0	+13.9K	+6.66%	$0.00	222K	Feb 1, 2023	Direct	F2
holding	WBS	Common Stock						15K	Feb 1, 2023	401(k) Plan

* 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 4 filed on February 3, 2022, as amended on February 2, 2023) that vested upon the achievement of performance metrics for the February 1, 2022 through December 31, 2022 performance period.
F2	Performance Shares granted on February 1, 2023, which 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, 2023 through December 31, 2023 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.

Content

The reported amount represents the amount of Performance Shares (in excess of the time-based Performance Shares previously reported on the Form 4 filed on February 3, 2022, as amended on February 2, 2023) that vested upon the achievement of performance metrics for the February 1, 2022 through December 31, 2022 performance period.

Performance Shares granted on February 1, 2023, which 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, 2023 through December 31, 2023 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.