Company: WBS-PG
Filing Date: 2025-09-05
Form Type: 424B5
Source: 0001193125-25-197211
Chunk: 102

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-09-05
Form: 424B5
Chunk 102
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 ofour board of directors at a duly constituted meeting called for that purpose and also by stockholders by the affirmative vote of at least a majority of the shares entitled to vote thereon at a duly called annual or special meeting; provided, however, that approval by the affirmative vote of at least two-thirds ofthe shares entitled to vote is required to amend the provisions regarding amendment of our Certificate of Incorporation, directors, Bylaws, approval for acquisitions of control and offers to acquire control, criteria for evaluating offers, the calling of special meetings of stockholders, greenmail, and stockholder action by written consent. In addition, the provisions regarding business combinations may be amended only by the affirmative vote of at least 80% of the shares entitled to vote on the matter. Our Bylaws may be amended by the affirmative vote of at least two-thirds ofthe board of directors or by stockholders by the affirmative vote of at least two-thirds ofthe total votes eligible to be voted, at a duly constituted meeting called for that purpose. Our Certificate of Incorporation also provides that no individual, firm, corporation or other entity may, alone or based on shared power, make any offer to buy or acquire, any solicitation of an offer to sell, any tender offer for, or any request or invitation for tender of, 10% or more of our outstanding shares of capital stock generally entitled to vote for directors without either:

| (1) | receiving the approval of at least two-thirds of our directors then in 
 office; or                                                             |

| (2) | obtaining approval from the appropriate federal regulatory authorities pursuant to applicable laws and 
 regulations.                                                                                           |

Our Certificate of Incorporation requires that business combinations between Webster or any majority-owned subsidiary of Webster and a 10% or more stockholder or its affiliates or associates, referred to collectively in this section as the “ interested stockholder,” be approved either by:

| (1) | at least 80% of the total number of outstanding shares of capital stock entitled to vote generally in the 
 election of directors;                                                                                    |

| (2) | at least two-thirds of our continuing directors, which means those                                                                        
 directors unaffiliated with the interested stockholder and serving before the interested stockholder became an interested stockholder; or |

| (3) | meet specified price and procedure requirements that provide for consideration per share generally equal to or 
 greater than that paid by the interested stockholder when it acquired its block of stock.                      |

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The types of business combinations with an interested stockholder