Company: WBS-PG
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000801337-25-000015
Chunk: 10

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 10
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 we contacted 65% of our institutional investors and offered to meet and discuss Webster’s corporate governance practices and disclosures. We shared the feedback received from each of these engagements with the Nominating and Corporate Governance Committee of the Board.

Sustainability practices

• Our Corporate Responsibility Committee is comprised of senior executive leadership, overseeing the Sustainability Council and reporting on sustainability and corporate responsibility efforts to the Nominating and Corporate Governance Committee

• Robust enterprise risk management and corporate compliance functions, including cybersecurity and privacy policies

• Regular engagement with stockholders and other stakeholders, including regulators

• A Community Investment Strategy, with a focus on affordable housing, community development, small business lending and community support

• We publish an Annual Corporate Responsibility Report to our website detailing our sustainability efforts

Share Repurchase Program

Webster maintains a common stock repurchase program, approved by the Board, authorizing management to purchase shares of Webster common stock in open market or privately negotiated transactions, through block trades, and pursuant to any adopted predetermined trading plan subject to the availability and trading price of stock, general market conditions, alternative uses for capital, regulatory considerations, and the Company’s financial performance. On April 27, 2022, the Board increased the Company’s authority to repurchase shares of Webster common stock under the repurchase program by $600.0 million in shares. During the year ended December 31, 2024, the Company repurchased 1,408,426 shares under the repurchase program at a weighted-average price of $46.44 per share, totaling $65.4 million. At December 31, 2024, the Company’s remaining purchase authority was $228.0 million.

In addition, the Company periodically acquires Webster common stock outside of the repurchase program related to employee stock compensation plan activity. During the year ended December 31, 2024, the Company repurchased 361,324 shares at a weighted-average price of $47.64 per share, totaling $17.2 million for this purpose.

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| WebsterFinancial Corporation |     | COMMITMENT TO CORPORATE RESPONSIBILITY |

| COMMITMENT TO CORPORATE RESPONSIBILITY |

Webster is a values-based, leading commercial bank focused on delivering financial solutions to businesses, individuals and families. We offer differentiated lines of business, including Commercial Banking, Consumer Banking and our Healthcare Financial Services segment that includes HSA Bank and Ametros. Webster understands the value of a positive corporate culture and we believe that fostering a culture of inclusion and belonging