WEBSTER FINANCIAL CORP — Director's Dealing 2022

Feb 3, 2022

SEC Form 4/A — Form 4/A

Issuer: WEBSTER FINANCIAL CORP (WBS)
CIK: 0000801337
Period of Report: 2022-01-31

Reporting Person: Massiani Luis (Chief Operating Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-01-31	Common Stock	A	130188	—	Acquired	130188	Direct
2022-02-01	Common Stock	A	8317	—	Acquired	138505	Direct

Footnotes

F1: Acquired in connection with the Merger Agreement by and between Webster Financial Corporation ("Webster") and Sterling Bancorp ("Sterling"), dated April 18, 2021, pursuant to which Sterling was merged with and into Webster, effective January 31, 2022 (the "Merger"). Pursuant to the Merger, each issued and outstanding share of Sterling common stock was converted into the right to receive 0.4630 shares of Webster common stock.

F2: Performance Shares granted on February 1, 2022, of which one-third 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 February 1, 2022 through December 31, 2022, January 1, 2023 through December 31, 2023 and January 1, 2024 through December 31, 2024 performance periods. 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. The remaining portion of the Performance Shares granted on February 1, 2022 will be reported as of the date of vesting, if any.

F3: On February 2, 2022, the reporting person filed a Form 4 which inadvertently reported that the amount of securities beneficially owned following the transaction was 8,317 shares of the issuer's common stock. In fact, as reported in this amendment, the amount of securities beneficially owned following the transaction is 138,505 shares of the issuer's common stock.