Company: WBS-PG
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000801337-25-000015
Chunk: 41

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 41
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 described below in “Annual Cash Incentive Scoring – Results.”

Highlights of 2024 performance include:

• Total revenue of $2.6 billion ($2,590 million)

• Net income of $768.7 million

• Net income available to common stockholders of $752.1 million

• Adjusted PPNR of $1.4 billion ($1,415 million); PPNR of $1.2 billion ($1,239 million) 3

• Adjusted ROAA of 1.23% (GAAP ROAA = 1.00%) 4

• Adjusted Return on average stockholders’ equity (“ ROE ”) of 10.54% (GAAP ROE = 8.62%) 5

The Company also executed several other strategic corporate actions, which included Webster Bank’s completion of the acquisition of Ametros Financial Corp., in January 2024, and in July 2024, the Company entered an agreement to form a private credit joint venture with Marathon Asset Management. These actions aligned with our strategy, provided a diverse source of deposits, and strengthened our ability to provide financing to middle market companies.

2024 Say-on-Pay Vote - Annually, Webster presents to its stockholders an advisory resolution to approve the compensation of Webster’s NEOs. Approximately 98% of the shares of Webster common stock that were voted on the proposal at last year’s annual meeting of stockholders, held on April 24, 2024, voted for the approval of the compensation of the NEOs. The Compensation and HR Committee considers the outcome of the vote when determining compensation policies and setting NEO compensation and believes that the results show strong support for Webster’s compensation policies and programs. Correspondingly, no changes in the overall structure of the compensation program were made in 2024.

3 PPNR and Adjusted PPNR are non-GAAP measures. See Appendix A for a reconciliation of non-GAAP measures to the corresponding GAAP measures.

4 Adjusted ROAA is a non-GAAP measure. See Appendix A for a reconciliation of non-GAAP measures to the corresponding GAAP measures.

5 Adjusted ROE is a non-GAAP measure. See Appendix A for a reconciliation of non-GAAP measures to the corresponding GAAP measures.

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| WebsterFinancial Corporation |     | EXECUTIVE COMPENSATION |

Objectives of Compensation Program Webster’s executive compensation program is designed to attract, engage and retain qualified executives and to