Webster Financial awards 5,296 restricted shares to CRO Jason Schugel

Rhea-AI Filing Summary

Webster Financial Corporation reported a grant of 5,296 time-based restricted common shares to Jason E. Schugel, the company's Chief Risk Officer. The award was issued at a $0 price and is scheduled to vest on the three‑year anniversary of the grant, meaning ownership depends on continued service through that period. After the grant Mr. Schugel beneficially owns 5,296 shares directly. The Form 4 was filed as a single reporting person submission and executed by an attorney‑in‑fact.

Insights

Financial Analyst

TL;DR Officer grant of 5,296 restricted shares vests in three years; standard retention award, not evidently material.

The Form 4 documents a time‑based equity grant of 5,296 common shares to Jason E. Schugel, issued at $0 and vesting on the three‑year anniversary. From a financial perspective, this is a routine executive compensation event designed to align the officer with long‑term shareholder interests. The disclosure shows direct beneficial ownership of 5,296 shares following the grant. The filing does not include information on total outstanding shares or plan dilution, so materiality relative to market capitalization cannot be assessed from this document alone.

Corporate Governance Expert

TL;DR Time‑based equity award ties the CRO to multi‑year performance; disclosure is routine and provides clear vesting terms.

The reported restricted share grant specifies a clear vesting schedule: vesting occurs on the three‑year anniversary of the grant. This structure is a common retention and alignment tool in corporate governance. The Form 4 identifies the recipient as an officer (Chief Risk Officer) and reports direct beneficial ownership post‑grant. No additional governance actions, amendments, or unusual terms are disclosed in this filing.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Schugel Jason E.

(Last) (First) (Middle)

C/O WEBSTER FINANCIAL CORPORATION

200 ELM STREET

(Street)

STAMFORD CT 06902

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
WEBSTER FINANCIAL CORP [ WBS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Risk Officer

3. Date of Earliest Transaction (Month/Day/Year)
08/12/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/12/2025		A		5,296(1)	A	$0	5,296	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents the grant on August 12, 2025, of time-based restricted shares that will vest on the three-year anniversary of the date of grant.

Remarks:

	/s/ Bradley Larkin, attorney-in-fact	08/13/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Webster Financial (WBS) report in this Form 4?

The Form 4 reports a grant of 5,296 time‑based restricted common shares to Jason E. Schugel.

Who is the reporting person on the WBS Form 4?

The reporting person is Jason E. Schugel, identified as the company's Chief Risk Officer.

When do the restricted shares vest?

The restricted shares are scheduled to vest on the three‑year anniversary of the grant date.

What price was paid for the restricted shares?

The restricted shares were granted at a reported price of $0.

How many shares does the reporting person own after the transaction?

Following the grant, the reporting person beneficially owns 5,296 shares directly.

Was the Form 4 filed jointly or by a single reporting person?

The Form 4 was filed by one reporting person and the filing was executed by an attorney‑in‑fact.