Company: WBS-PG
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000801337-25-000015
Chunk: 35

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 35
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 awarded on July 15, 2024 was $47.89 per share based on the closing price of the Company’s common stock on the date of the grant (2,048 shares were granted to Mr. Haas). All shares of restricted stock vest after one year and have a two-year holding period following the vesting period.

(3) Reflects the dollar amount of dividends paid on unvested shares of restricted stock for the fiscal year ended December 31, 2024.

(4) Reflects the pro-rated amount of non-employee director compensation received by Mr. Haas following his appointment to the Board on July 15, 2024.

(5) Reflects the pro-rated amount of non-employee director compensation received by Ms. Ianieri, Mr. Landy and Ms. Osar from January 1, 2024 until April 24, 2024.

Webster uses a combination of cash and shares of restricted stock to attract and retain qualified candidates to serve on the Board. Webster’s Compensation and HR Committee annually reviews its director compensation program to ensure the program is competitive relative to our peer group (as described in “Compensation Discussion and Analysis” below) and recommends to the Board any necessary changes in fees. Webster engages an independent compensation consultant, Compensation Advisory Partners LLC (“ CAP ”), to offer market perspectives on the compensation of Webster’s non-employee directors, including providing information on the director compensation programs of Webster’s peer group. The Corporate Governance Policy also establishes director qualification guidelines for potential directors to closely align directors’ interests with those of Webster’s stockholders.

For 2024, the Compensation and HR Committee recommended and the Board approved an annual Board member retainer of $95,000, paid quarterly and an annual equity award in the amount of $115,000, with shares determined based on the ten-day average closing price of common stock prior to the date of grant.

Further, for 2024, the additional annual retainer for the Lead Independent Director was $45,000. The annual retainers for the Committee Chairs in 2024 were $35,000 for the Audit Committee Chair, $30,000 for the Risk Committee Chair, and $20,000 for each of the Compensation and HR Committee, Nominating and Corporate Governance Committee, and Technology Committee Chairs. The annual retainers for non-Chair Committee members in 2024 were $15,000 for the Audit Committee, $12,500 for the Risk Committee, and $10,000 for each