Christopher J. Motl - Feb 1, 2023 Form 4 Insider Report for WEBSTER FINANCIAL CORP (WBS)

Role: President of Comm. Banking
Signature: /s/ Jennifer H. Daukas, attorney-in-fact
Stock symbol: WBS
Transactions as of: Feb 1, 2023
Transactions value $: -$264,882
Form type: 4
Date filed: 2/2/2023, 06:15 PM
Previous filing: Feb 14, 2023
Next filing: Feb 21, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	WBS	Common Stock	Award	$0	+5.54K	+7.58%	$0.00	78.7K	Feb 1, 2023	Direct	F1
transaction	WBS	Common Stock	Tax liability	-$265K	-5.03K	-6.39%	$52.65	73.7K	Feb 1, 2023	Direct
holding	WBS	Common Stock						7.75K	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 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.

Content

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.