Company: WBS-PG
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000801337-25-000015
Chunk: 31

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 31
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 Officer, Jason Soto, both of whom directly report to the Risk Committee and Mr. Ciulla. The Risk Committee meets frequently throughout the year and reports its findings to the full Board on an ongoing basis. The Risk Committee is also responsible for oversight of our Information Risk Committee, a management committee that, among other things, is responsible for providing guidelines and principles for the development, deployment, and acceptable use of artificial intelligence by Webster. The Technology Committee of the Board assists the Board in connection with its oversight of, among other things, cybersecurity, data privacy and technology trends, including a review of technology-related risks. In addition, the Compensation and Human Resources Committee (the “ Compensation and HR Committee ”) and the Risk Committee review and assess risks as it relates to Webster’s compensation programs and the Audit Committee reviews major financial risk exposures.

EXECUTIVE MANAGEMENT SUCCESSION PLANNING

The Board recognizes that management succession planning is a fundamental and ongoing part of its responsibilities. The Chair of the Compensation and HR Committee leads the independent directors in conducting a review at least annually of the performance of the Chief Executive Officer and communicates the results of the review to the Chief Executive Officer. The Compensation and HR Committee establishes the evaluation process and determines the specific criteria on which the performance of the Chief Executive Officer is evaluated, and the full Board works with the Compensation and HR Committee and the Chief Executive Officer to review the succession plan for the Chief Executive Officer, including succession planning in the case of the incapacitation, retirement or removal of the Chief Executive Officer. Webster has engaged a firm with deep leadership expertise and extensive market knowledge to evaluate potential successor candidates and align on the most critical elements for our executive leaders, particularly as it relates to Webster’s future growth strategy. This process includes a holistic and robust assessment of both internal and external talent’s performance, potential, readiness and fit.

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| WebsterFinancial Corporation |     | BOARD MEETINGS, COMMITTEES OF THE BOARD AND RELATED MATTERS |

Committees of the Board

The Board established six standing Committees: the Audit Committee, Risk Committee, Compensation and Human Resources Committee, Nominating and Corporate Governance Committee, Technology Committee, and Executive Committee.

The chart below summarizes the current composition of each of the standing Committees of the Board. Committee membership will change following the election of our nominees to our Board.

| Committee         |     | Ciulla |     | Atwell |     | Cahill |     | Haas |     | Hayles |     | Aboelnaga