Company: WBS-PG
Filing Date: 2025-04-11
Form Type: DEF 14A
Source: 0000801337-25-000015
Chunk: 48

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-04-11
Form: DEF 14A
Chunk 48
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 to his management responsibilities of HSA Bank and Ametros. There were no changes made to the base salaries of our Chairman & Chief Executive Officer and other NEO’s. Annual Cash Incentive Compensation – Plan Overview Annual cash incentive compensation is variable, based on performance, ties a significant portion of the NEOs’ compensation to achievement of the Company’s annual financial plan, and considers other factors, including financial performance relative to the peer group. The Compensation and HR Committee approves measurements for the cash incentive plan annually. For 2024, target incentives were set as a percentage of salary for each of the NEOs reflecting between 24% and 30% of total compensation. The cash incentive plan is designed so that the weighted average performance for the financial measures must exceed a predetermined threshold before a payout can be made. The 2024 cash incentive plan had one corporate component with two elements: Financial Performance relative to the annual financial plan and Financial Performance relative to the peer group. “Financial Performance” is determined by scoring performance against two pre-established financial 35

| WebsterFinancial Corporation |     | EXECUTIVE COMPENSATION |

measures tied to the annual financial plan. Each measure is weighted equally, and then the measures are totaled to determine a weighted score. Adjustments to this score may then be made, by as much as 20 percentage points, based on the Compensation and HR Committee’s assessment of the Company’s Strategic Contributions, including performance against pre-established financial measures relative to the Company’s peer group. The Corporate Component rating generates a potential funding of 0% to 150% of target. A score of 100% results in funding at target. Scores below 50% on an individual measure are reduced to zero and a total weighted score below 50% on the two goals in the aggregate earns no payout. ANNUAL CASH INCENTIVE SCORING—RESULTS Financial Performance Relative to Plan —Webster’s 2024 results compared to plan are set forth in the table below. The Compensation and HR Committee has discretion to adjust for extraordinary, unusual, or non-recurring items and for material negative risk outcomes.

| 2024 ANNUAL CASH INCENTIVE—FINANCIAL PERFORMANCE RELATIVE TO PLAN (THE “CORPORATE COMPONENT SCORE”)1 |

| Financial Metric                             |     | Threshold |     |   Target |     |  Maximum |     |  Actual1 |     | Score |     | Weight |     | Weighted 
 Score    |
| Adjusted PPNR for corporate component score