Company: WBS-PG
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000801337-25-000015
Chunk: 46

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 46
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 provided an analysis of Webster’s total compensation and each of the individual components compared to the peer group. This was supplemented by management with other data from available relevant market compensation surveys for U.S. regional banks. This aggregate data contributed to an assessment of the competitiveness of actual and target pay for Webster’s NEOs. Considering the findings, the Compensation and HR Committee set the components of pay and the weight of each component creating a structure that reflects Webster’s objectives for compensation (as described above) while allowing individual variations based on job scope, tenure, retention risk and other factors relevant to the Compensation and HR Committee. The table below displays total direct compensation at target for each NEO, including 2024 salary, 2024 target annual cash incentive, and the target opportunity for LTIs granted in 2024. 34

| WebsterFinancial Corporation |     | EXECUTIVE COMPENSATION |

| 2024 Components of Total Direct Compensation at Target |

| Name                |     | Salary |           |     | Annual Cash 
 Incentive   |           |     | Total Cash   
 Compensation |           |     | Long-Term 
 Incentive |           |     | Total Direct 
 Compensation |           |
|:--------------------|:----|:-------|----------:|:----|:------------|----------:|:----|:-------------|----------:|:----|:----------|----------:|:----|:-------------|----------:|
| John R. Ciulla      |     | $      | 1,100,000 |     | $           | 1,375,000 |     | $            | 2,475,000 |     | $         | 3,300,000 |     | $            | 5,775,000 |
| Glenn I. MacInnes   |     | $      |   615,000 |     | $           |   676,500 |     | $            | 1,291,500 |     | $         |   984,000 |     | $            | 2,275,500 |
| Neal Holland1       |     | $      |   650,000 |     | $           |   330,150 |     | $            |   980,150 |     | $         |         — |     | $            |   980,150 |
| Luis Massiani       |     | $      |   900,000 |     | $           | 1,125,000 |