Glenn I. MacInnes - Feb 1, 2023 Form 4 Insider Report for WEBSTER FINANCIAL CORP (WBS)

Role
Chief Financial Officer
Signature
/s/ Jennifer H. Daukas, attorney-in-fact
Stock symbol
WBS
Transactions as of
Feb 1, 2023
Transactions value $
-$135,679
Form type
4
Date filed
2/2/2023, 06:14 PM
Previous filing
May 6, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction WBS Common Stock Options Exercise $0 +2.77K +1.68% $0.00 168K Feb 1, 2023 Direct F1
transaction WBS Common Stock Tax liability -$136K -2.58K -1.54% $52.65 165K Feb 1, 2023 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 for such period on the Form 4 filed on February 3, 2022) that vested upon the achievement of performance metrics for the February 1, 2022 through December 31, 2022 performance period. The remaining Performance Shares granted on February 1, 2022 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 January 1, 2023 through December 31, 2023 and January 1, 2024 through December 31, 2024 performance periods.