Company: WBS-PG
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000801337-25-000015
Chunk: 60

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 60
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 provides supplemental employer match contributions that are not available under the 401(k) Plan because annual compensation in excess of $345,000 in 2024 may not be used in the calculation of retirement benefits under the IRC and because annual contributions to the 401(k) Plan that can be matched by the employer were subject to a maximum of $23,000 in 2024. The Executive Chairman does not participate in this SERP but has previous contributions in the “ Prior SERP, ” which are disclosed below. These plans allow distribution upon termination in either a lump sum or 10 annual installments. Webster also offers a voluntary NQDC Plan. The NQDC Plan allows eligible highly compensated employees to defer up to 25% of their base salary and up to 75% of their annual cash incentive award. No company contributions were made into the NQDC Plan in 2024. Participants can elect in-service withdrawals made at least five years after deferral or withdrawals upon separation from service in either a lump sum or annual installments. There are no “above-market” rates for earnings. 44

| WebsterFinancial Corporation |     | EXECUTIVE COMPENSATION |

The following table shows the contributions to and the earnings in each NEO’s account under Webster’s SERP, Prior SERP, and NQDC Plan for the fiscal year ended December 31, 2024. Following his retirement on January 31, 2024, distributions were made to Mr. Kopnisky in August 2024 from the Prior SERP and NQDC Plan as noted in the table below.

| 2024 NON-QUALIFIED DEFERRED COMPENSATION |

| Name                |     |     Executive 
 Contributions 
   in Last FY1 
           ($) |     |    Registrant 
 Contributions 
   in Last FY2 
           ($) |     |   Aggregate 
 Earnings in 
    Last FY3 
         ($) |     | Aggregate Withdrawals/Distributions in Last FY 
                                            ($) |     |      Aggregated 
 Balance at Last 
             FYE 
             ($) |
| John R. Ciulla      |     |             — |     |       127,332 |     |     114,140 |     |                                              — |     |       1,442,923 |
| Glenn I. MacInnes   |     |             — |     |        41,163 |     |      32,184 |     |                                              — |     |         478,171 |