Company: WBS-PG
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000801337-25-000015
Chunk: 55

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 55
---
ive Plan document (as amended and restated April 2023) (the “ Plan ”). Additionally, incentive plans covering EMC members, individual EMC incentive awards, and overall corporate incentive plan funding require approval from the Compensation and HR Committee. Assuming no guarantees are in place, Webster management maintains full discretion to award or not award equity incentive compensation. Pursuant to the Incentive Compensation Policy, all payments must comply fully with the LTI plan, as designed and documented, Webster’s policies, and federal and state laws, rules, and regulations. Webster does not determine the timing and terms of equity awards in anticipation of the disclosure of material nonpublic informationand Webster does not time the disclosure of material nonpublic information for the purpose of affecting the value of executive compensation. The grant date for annual awards to all employees has typically been established as March 1 of each year, with the grant being made on the next business day if March 1 falls on a weekend.In addition to the annual grants, equity awards may be granted at other times during the year. In 2024, we gave Mr. Holland, our new Chief Financial Officer, a one-time grant of $750,000 of Webster restricted stock with a time-based three-year vesting schedule pursuant to the Plan. In 2024, we did not grant equity awards to our NEOs during the four business days prior to or the one business day following the filing of our periodic reports or the filing or furnishing of a Form 8-K that discloses material nonpublic information. Although the Plan authorizes Webster to grant stock options to its employees, Webster does not currently grant stock options to its employees. EXECUTIVE STOCK OWNERSHIP GUIDELINES Webster believes stock ownership by management is beneficial in aligning the interests of management and stockholders. Executive Stock Ownership Guidelines are established to enhance stockholder value and focus each executive’s attention on the long-term success of the Company. Webster has adopted stock ownership guidelines for all of its executive officers, including the NEOs. The table below reflects the minimum stock ownership guidelines for our NEOs.

| Name                |     | Holding Requirements |
| John R. Ciulla      |     | 6X base salary       |
| Glenn I. MacInnes   |     | 3X base salary       |
| Neal Holland        |     | 3X base salary       |
| Luis R. Massiani    |     | 3X base salary       |
| Christopher J. Motl |     | 3X base salary