Company: WBS-PG
Filing Date: 2025-05-09
Form Type: 10-Q
Source: 0000801337-25-000026
Chunk: 39

Company: WEBSTER FINANCIAL CORP
Filing Date: 2025-05-09
Form: 10-Q
Item: Part I, Item 1
Chunk 39
---
utory Trust I floating-rate notes varies quarterly based on 3-month SOFR plus a credit spread adjustment plus a market spread of 2.95%, which yielded 7.51% at March 31, 2025, and 7.56% at December 31, 2024.(4)The classification of debt as long-term is based on the initial term of greater than one year as of the date of issuance.Additional information regarding the Company’s long-term debt can be found within Note 11: Borrowings in the Notes to Consolidated Financial Statements contained in Part II - Item 8. Financial Statements and Supplementary Data of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.

54

Note 8: 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 IssuedTreasury Stock HeldCommon Stock OutstandingBalance at December 31, 20246,000 135,000 182,778,045 11,386,920 171,391,125 Stock compensation plan activity (1)— — — (772,605)772,605 Common stock repurchase program— — — 3,569,454 (3,569,454)Balance at March 31, 20256,000 135,000 182,778,045 14,183,769 168,594,276 Balance at December 31, 20236,000 135,000 182,778,045 10,756,089 172,021,956 Stock compensation plan activity (1)— — — (875,991)875,991 Common stock repurchase program— — — 434,061 (434,061)Balance at March 31, 20246,000 135,000 182,778,045 10,314,159 172,463,886 (1)Reflects 1,157,278 and 1,156,508, in aggregate, of common shares issued from Treasury stock for time-based restricted stock awards grants, net of forfeitures, and the vesting of performance-based restricted stock awards during the three months ended March 31, 2025, and 2024, respectively, less 384,673 and 280,517