Company: WBS-PG
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000801337-25-000015
Chunk: 50

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 50
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 negative adjustment to the calculated annual cash incentive compensation. Additionally, the Chairman & Chief Executive Officer in consultation with the Chief Human Resources Officer and the Chief Risk Officer considers potential adjustments (referred to as meaningful consequences) based on each NEO’s record of identifying, managing and mitigating risk, including an assessment of outcomes in the areas of compliance, operating risk, credit, audit findings or regulatory citations, or other contributions that should be taken into account. The Compensation and HR Committee considers potential adjustments for the Chairman & Chief Executive Officer based on his leadership of the Company and performance against objectives. In addition, the Compensation and HR Committee considers meaningful consequences adjustments to the Chairman & Chief Executive Officer based on his record of managing and mitigating risk. In considering these factors for 2024 performance, the Chairman & Chief Executive Officer recommended adjustments to the annual cash incentive compensation for two of the NEOs; Mr. MacInnes, to recognize his strong performance during his transition; and Ms. Berner, in recognition of her strong performance leading the growth of the Legal department in 2024. The Compensation and HR Committee did not recommend any adjustment to the Chairman & Chief Executive Officer’s annual cash incentive compensation awards. Consistent with Webster Bank’s incentive policy, a thorough review of risk management in the areas of regulatory, internal audit, operating and credit compliance and Sarbanes-Oxley occurred. As a result of the review, no significant risk management deficiencies were identified that impacted the cash incentive compensation for any of the NEOs. 2024 Final Payment Determination —The Compensation and HR Committee determines and approves the annual cash incentive compensation for the Chairman & Chief Executive Officer and reviews and approves the annual cash incentive compensation that is recommended by the Chairman & Chief Executive Officer for the other NEOs. The final calculations and approved awards for annual cash incentive compensation, based on the above metrics and individual performance assessments, are set forth below. 37

| WebsterFinancial Corporation |     | EXECUTIVE COMPENSATION |

| 2024 ANNUAL INCENTIVE COMPENSATION |

| Name                |     | Annual    
 Incentive 
 Target    |           |     | Corporate 
 Component |      |   |     | Calculated 
 Award      |           |     | Individual    
 Discretionary 
 Adjustment    |        |     | Total Cash 
 Incentive  
 Award      |           |
|:--------------------|:----|:----------|----------:|:----|:----------|-----:|:--|:----|:-----------|----------: