WEBSTER FINANCIAL CORP — Director's Dealing 2022

Feb 3, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WEBSTER FINANCIAL CORP (WBS)
CIK: 0000801337
Period of Report: 2022-02-01

Reporting Person: CIULLA JOHN R (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-02-01	Common Stock	A	47930	—	Acquired	167666	Direct
2022-02-01	Common Stock	A	41583.5	—	Acquired	209249.5	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	14591.606	Indirect

Footnotes

F1: Represents Performance Shares deemed to be earned, effective as of immediately prior to the completion of the merger whereby Sterling Bancorp was merged with and into Webster Financial Corporation, effective January 31, 2022 (the "Merger"). These shares remain subject to time vesting and other terms and conditions.

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.