Company: WBS-PG
Filing Date: 2025-03-03
Form Type: 10-K
Source: 0000801337-25-000004
Chunk: 85

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-03-03
Form: 10-K
Item: Item 8
Chunk 85
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 may be redeemed by the Company quarterly, in whole or in part, at a price equal to the total principal amount to be redeemed plus any accrued and unpaid interest thereon to the redemption date. 

115

Note 12: Stockholders’ Equity

The following table summarizes the changes in shares of preferred and common stock issued and common stock held as treasury shares:Preferred Stock Series F IssuedPreferred Stock Series G IssuedCommon Stock Issued (1)Treasury Stock HeldCommon Stock OutstandingBalance at December 31, 20216,000 — 93,686,311 3,102,690 90,583,621 Issued in business combination— 135,000 89,091,734 — 89,091,734 Contribution to charitable foundation— — — (242,270)242,270 Employee stock compensation plan activity— — — (458,881)458,881 Stock options exercised — — — (30,355)30,355 Common stock repurchase program— — — 6,399,288 (6,399,288)Balance at December 31, 20226,000 135,000 182,778,045 8,770,472 174,007,573 Restricted stock compensation plan activity— — — (605,684)605,684 Stock options exercised — — — (75,848)75,848 Common stock repurchase program— — — 2,667,149 (2,667,149)Balance at December 31, 20236,000 135,000 182,778,045 10,756,089 172,021,956 Restricted stock compensation plan activity— — — (768,737)768,737 Stock options exercised — — — (8,858)8,858 Common stock repurchase program— — — 1,408,426 (1,408,426)Balance at December 31, 20246,000 135,000 182,778,045 11,386,920 171,391,125 (1)In accordance with the Sterling merger agreement, 87,965,239 shares were issued as consideration for outstanding Sterling common stock, and 1,126,495 shares were issued to replace Sterling equity awards.Repurchases of Common