Company: WBS-PG
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000801337-25-000015
Chunk: 9

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 9
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 serve. The Board has adopted corporate governance practices and policies that the Board and senior management believe promote this philosophy.

Independent leadership

• 11 of our 12 directors are independent

• William D. Haas joined the Board in July 2024

• Our Lead Independent Director is appointed in accordance with Webster’s Corporate Governance Policy

• Independent directors comprise 100% of each of the Board’s Audit, Risk, Compensation and Human Resources, Nominating and Corporate Governance, and Technology Committees (each, a “ Committee ” and together, the “ Committees ”)

• Regular Board and Committee executive sessions of independent directors are held without management present

1 Return on average tangible common stockholders’ equity is a non-GAAP measure. Please see “Non-GAAP Financial Measures” in Item. 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations in Webster’s Annual Report on Form 10-K for the year ended December 31, 2024, filed with the SEC on March 3, 2025 for a reconciliation of return on average tangible common stockholders’ equity to GAAP.

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#### WebsterFinancial Corporation
Director accountability

• All directors stand for election annually

• Directors are elected by majority vote

• Any incumbent director must, as a condition to nomination for re-election to the Board, submit a conditional (and generally irrevocable) letter of resignation to the Chairman of the Board; if an incumbent director is not elected, the Nominating and Corporate Governance Committee of the Board will consider the conditional resignation and recommend to the Board whether to accept or reject the resignation

• All directors standing for re-election attended at least 95% of the aggregate of (i) the total number of meetings held by the Board during the period that the individual served and (ii) the total number of meetings held by all Committees of the Board on which the individual served during the period that the individual served.

Measures to support board effectiveness

• Annual Board and Committee self-assessment

• Code of Business Conduct and Ethics applies to directors

• Board orientation / education program

• Director overboarding policy

• Updated Director Skill Matrix

Alignment with stockholder interests

• Annual equity grant to non-employee directors

• Stock ownership guidelines for directors and executive officers

• Anti-hedging and anti-pledging policy

• No poison pill

• Webster conducts an annual proactive investor outreach campaign to the governance personnel of our top institutional investors. In 2024,