Company: WBS-PG
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000801337-25-000015
Chunk: 51

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 51
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 Long-Term Incentive Vehicles: Webster awards two forms of LTI grants, performance shares and time-vested restricted stock as set forth in the table below.

| LONG-TERM INCENTIVE VEHICLES |

| Vehicle            |     | Vesting                                                               |     | Rationale                                                                                           |     | Vehicle Mix |
| Performance Shares |     | Cliff vests following the conclusion of three-year performance period |     | To align LTI with the achievement of 1) total stockholder return relative to peers and 2) ROE goals |     | 60%         |
| Time-Vested        
 Restricted Stock   |     | One third vests per year                                              |     | To provide LTI and retention value to the NEOs and other executives                                 |     | 40%         |

Performance Shares: Performance shares vest following the conclusion of the three-year performance period and the Compensation and HR Committee certifies the results based 50% on Company three-year TSR relative to Webster’s peer group and 50% on the three-year ROE compared to plan. Performance must meet threshold levels, or the shares are forfeited. • Three-year TSR reflects the rate of return including price appreciation plus reinvestment of dividends calculated as follows: (ending stock price – beginning price + dividends paid per share) / beginning stock price. The peer group reflects Webster’s Compensation peer group listed in the Compensation peer group section at the start of the three-year period. • ROE Over the Three-Year Period is calculated as the ratio of adjusted net income to adjusted average stockholders’ equity. 6 The ROE target is set annually during the performance period by the Compensation and HR Committee giving consideration to the Board approved financial plan set at the end of the prior year. The score is calculated each year and then averaged over three years.

| PAYOUT DETERMINATION FOR PERFORMANCE SHARES GRANTED IN MARCH 2024 BASED ON 2024-2026 PERFORMANCE |

The Company does not vest performance-based restricted stock for performance below threshold. A threshold level of performance must be met for each metric in order for payment to be earned. Once threshold performance is achieved, actual awards will be interpolated between threshold and maximum of target. The Company accrues but does not pay dividends on performance shares until the actual number of shares is known based on final performance and the shares vest. The accrued dividends are paid as a lump sum following vesting. LONG-TERM INCENTIVE COMPENSATION APPROVED IN FEBRUARY 2024 2024 Long