Document/ExhibitDescriptionPagesSize
1: 10-K Annual Report HTML 6.01M
2: EX-10.1 Material Contract HTML 147K
3: EX-10.10 Material Contract HTML 119K
4: EX-10.20 Material Contract HTML 121K
5: EX-10.21 Material Contract HTML 61K
6: EX-10.25 Material Contract HTML 126K
7: EX-10.26 Material Contract HTML 86K
8: EX-10.27 Material Contract HTML 126K
9: EX-10.28 Material Contract HTML 71K
10: EX-10.29 Material Contract HTML 126K
11: EX-10.30 Material Contract HTML 88K
12: EX-10.31 Material Contract HTML 126K
13: EX-10.32 Material Contract HTML 88K
14: EX-10.33 Material Contract HTML 126K
15: EX-10.34 Material Contract HTML 88K
16: EX-10.35 Material Contract HTML 126K
17: EX-10.36 Material Contract HTML 87K
18: EX-10.37 Material Contract HTML 126K
19: EX-10.38 Material Contract HTML 90K
20: EX-10.39 Material Contract HTML 126K
21: EX-10.40 Material Contract HTML 88K
22: EX-10.41 Material Contract HTML 125K
23: EX-10.42 Material Contract HTML 88K
24: EX-21 Subsidiaries List HTML 52K
25: EX-23 Consent of Expert or Counsel HTML 49K
30: EX-97 Clawback Policy re: Recovery of Erroneously HTML 54K Awarded Compensation
26: EX-31.1 Certification -- §302 - SOA'02 HTML 53K
27: EX-31.2 Certification -- §302 - SOA'02 HTML 53K
28: EX-32.1 Certification -- §906 - SOA'02 HTML 52K
29: EX-32.2 Certification -- §906 - SOA'02 HTML 52K
36: R1 Cover HTML 124K
37: R2 Audit Information HTML 55K
38: R3 Consolidated Balance Sheets HTML 162K
39: R4 Consolidated Balance Sheet (Parenthetical) HTML 75K
40: R5 Consolidated Statements of Income HTML 168K
41: R6 Consolidated Statements of Comprehensive Income HTML 79K
42: R7 Consolidated Statement of Shareholder Equity HTML 155K
Statement
43: R8 Consolidated Statements of Cash Flows HTML 235K
44: R9 Summary of Significant Accounting Policies HTML 149K
45: R10 Variable Interest Entities HTML 66K
46: R11 Mergers and Acquisitions HTML 165K
47: R12 Investment Securities HTML 312K
48: R13 Loans and Leases HTML 685K
49: R14 Transfers of Financial Assets HTML 88K
50: R15 Premises and Equipment HTML 68K
51: R16 Leasing HTML 90K
52: R17 Goodwill and Other Intangible Assets HTML 85K
53: R18 Income Taxes HTML 149K
54: R19 Deposits HTML 74K
55: R20 Borrowings HTML 107K
56: R21 Stockholders' Equity HTML 78K
57: R22 Accumulated Other Comprehensive Loss, Net of Tax HTML 161K
58: R23 Regulatory Matters HTML 112K
59: R24 Earnings Per Common Share HTML 73K
60: R25 Fair Value Measurements HTML 196K
61: R26 Retirement Benefit Plans HTML 252K
62: R27 Share-Based Plans HTML 80K
63: R28 Segment Reporting HTML 142K
64: R29 Revenue from contracts with Customers Revenue from HTML 123K
Contracts with Customers
65: R30 Commitments and Contingencies HTML 68K
66: R31 Parent Company Information HTML 148K
67: R32 Subsequent Events HTML 55K
68: R33 Pay vs Performance Disclosure HTML 62K
69: R34 Insider Trading Arrangements HTML 56K
70: R35 Summary of Significant Accounting Policies HTML 208K
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71: R36 Summary of Significant Accounting Policies HTML 71K
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73: R38 Mergers and Acquisitions (Tables) HTML 114K
74: R39 Investment Securities (Tables) HTML 325K
75: R40 Loans and Leases (Tables) HTML 687K
76: R41 Transfers of Financial Assets (Tables) HTML 80K
77: R42 Premises and Equipment (Tables) HTML 71K
78: R43 Leasing (Tables) HTML 96K
79: R44 Goodwill and Other Intangible Assets (Tables) HTML 91K
80: R45 Income Taxes (Tables) HTML 148K
81: R46 Deposits (Tables) HTML 77K
82: R47 Borrowings (Tables) HTML 107K
83: R48 Stockholders' Equity (Tables) HTML 68K
84: R49 Accumulated Other Comprehensive Loss, Net of Tax HTML 163K
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86: R51 Earnings Per Common Share (Tables) HTML 71K
87: R52 Derivative Financial Instruments (Tables) HTML 156K
88: R53 Fair Value Measurements (Tables) HTML 179K
89: R54 Retirement Benefit Plans (Tables) HTML 251K
90: R55 Share-Based Plans (Tables) HTML 73K
91: R56 Segment Reporting (Tables) HTML 134K
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Contracts with Customers Revenue from contracts
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Investments and Commitments (Details)
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98: R63 Mergers and Acquisitions - Narrative (Details) HTML 139K
99: R64 Mergers and Acquisitions - Summary of Purchase HTML 70K
Price Consideration (Details)
100: R65 Mergers and Acquisitions - Summary of Purchase HTML 150K
Price Allocation (Details)
101: R66 Mergers and Acquisitions - Schedule of PCD Loans HTML 66K
and Leases by Portfolio Segment (Details)
102: R67 Mergers and Acquisitions - Summary of Supplemental HTML 57K
Pro Forma Information (Details)
103: R68 Mergers and Acquisitions- Summary of Supplemental HTML 69K
Pro Forma Information Adjustments (Details)
104: R69 Mergers and Acquisitions - Schedule of HTML 69K
Restructuring Reserve by Type of Cost (Details)
105: R70 Investment Securities (Summary Of Investment HTML 148K
Securities) (Detail)
106: R71 Investment Securities (Summary Of Gross Unrealized HTML 143K
Losses Not Considered OTTI) (Detail)
107: R72 Investment Securities (Narrative) (Detail) HTML 73K
108: R73 Investment Securities (Summary Of Sale Proceeds Of HTML 55K
Available For Sale Securities) (Detail)
109: R74 Investment Securities (Summary Of Debt Securities HTML 111K
By Contractual Maturity) (Detail)
110: R75 Investment Securities (Summary of Debt Securities HTML 100K
Held-to-Maturity) (Detail)
111: R76 Investment Securities (Debt and Equity Securities HTML 66K
Allowance for Credit Losses) (Detail)
112: R77 Loans and Leases (Detail) HTML 289K
113: R78 Loans and Leases (Summary Of Loan And Lease HTML 162K
Portfolio Aging By Class Of Loan) (Detail)
114: R79 Loans and Leases (Narrative) (Detail) HTML 80K
115: R80 Loans and Leases (Allowance For Loan And Lease HTML 95K
Losses By Portfolio Segment) (Detail)
116: R81 Loans and Leases (Summary Of The Recorded HTML 76K
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117: R82 Loans and Leases (Information on How Loans and HTML 100K
Leases were Modified as a TDR) (Details)
118: R83 Loans and Leases (Investments in TDRs, Segregated HTML 232K
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119: R84 Loans and Leases (Credit Quality Indicators) HTML 336K
(Detail)
120: R85 Loans and Leases - (Summary of Amortized Cost HTML 160K
Basis) (Details)
121: R86 Loans and Leases (Impaired Collateral) (Detail) HTML 59K
122: R87 Loans and Leases (Nonaccrual) (Detail) HTML 79K
123: R88 Transfers of Financial Assets (Loans sold) HTML 70K
(Details)
124: R89 Transfers of Financial Assets (Narrative) HTML 71K
(Details)
125: R90 Transfers of Financial Assets Servicing Assets at HTML 62K
Amortized Cost Roll Forward (Details)
126: R91 Premises and Equipment - Summary of Premises and HTML 90K
Equipment (Details)
127: R92 Leasing - Narrative (Details) HTML 66K
128: R93 Leasing - Summary of Net Investments (Details) HTML 56K
129: R94 Leasing - Summary of Net Investment Maturity HTML 70K
(Details)
130: R95 Leasing - Operating ROU Assets and Lease Liability HTML 58K
(Details)
131: R96 Leasing - Lease Cost (Details) HTML 66K
132: R97 Leasing - Maturity of Operating Lease Liabilities HTML 69K
(Details)
133: R98 Goodwill and Other Intangible Assets (Schedule of HTML 62K
Goodwill) (Details)
134: R99 Goodwill and Other Intangible Assets (Gross HTML 81K
Carrying Value And Accumulated Amortization Of
Other Intangible Assets) (Detail)
135: R100 Goodwill and Other Intangible Assets (Schedule Of HTML 63K
Expected Future Amortization Expense) (Detail)
136: R101 Income Taxes - Income Tax Expense (Details) HTML 80K
137: R102 Income Taxes - Narrative (Details) HTML 106K
138: R103 Income Taxes - Schedule of Effective Income Tax HTML 107K
Rate Reconciliation (Details)
139: R104 Income Taxes - Schedule of Deferred Tax Assets and HTML 86K
Liabilities (Details)
140: R105 Income Taxes - Summary of Positions for which HTML 64K
Significant Change in Unrecognized Tax Benefits is
Reasonably Possible (Details)
141: R106 Deposits (Summary Of Deposits) (Detail) HTML 74K
142: R107 Deposits (Scheduled Maturities Of Time Deposits) HTML 62K
(Detail)
143: R108 Borrowings Borrowings - (Narrative) (Details) HTML 76K
144: R109 Borrowings (Summary Of Securities Sold Under HTML 68K
Agreements To Repurchase And Other Borrowings)
(Details)
145: R110 Borrowings (Summary Of Advances Payable To The HTML 84K
Federal Home Loan Bank) (Details)
146: R111 Borrowings (Long-Term Debt) (Details) HTML 101K
147: R112 Stockholders' Equity - Class of Stock Disclosure HTML 98K
(Details)
148: R113 Stockholders' Equity - Narrative (Details) HTML 99K
149: R114 Accumulated Other Comprehensive Loss, Net of Tax HTML 91K
(Schedule of Accumulated Other Comprehensive Loss)
(Details)
150: R115 Accumulated Other Comprehensive Loss, Net of Tax HTML 101K
(Schedule of Reclassifications from AOCI)
(Details)
151: R116 Accumulated Other Comprehensive Loss, Net of Tax HTML 142K
(Schedule of Other Comprehensive Income (Loss))
(Details)
152: R117 Regulatory Matters (Information On The Capital HTML 117K
Ratios) (Detail)
153: R118 Regulatory Matters Regulatory Matters - Narrative HTML 53K
(Details)
154: R119 Earnings Per Common Share (Earnings Per Share HTML 109K
Basic And Diluted) (Detail)
155: R120 Earnings Per Common Share (Schedule of HTML 54K
Antidilutive Securities Excluded from Computation
of Earnings Per Share) (Details)
156: R121 Derivative Financial Instruments (Schedule fair HTML 139K
value of derivative instruments) (Detail)
157: R122 Derivative Financial Instruments (Offsetting HTML 99K
Derivatives) (Detail)
158: R123 Derivative Financial Instruments Impact of Fair HTML 92K
Value on Qualifying Hedges (Details)
159: R124 Derivative Financial Instruments (Schedule of the HTML 70K
changes in the fair value of non-hedge accounting
derivatives) (Detail)
160: R125 Derivative Financial Instruments (AOCI Related to HTML 60K
Cash Flow Hedges) (Narrative) (Detail)
161: R126 Derivative Financial Instruments (Counterparty HTML 65K
Credit Risk Narrative) (Detail)
162: R127 Derivative Financial Instruments Schedule of Fair HTML 90K
Value Hedging Instruments, Statements of Financial
Performance and Financial Position, Location
(Details)
163: R128 Fair Value Measurements Fair value Option, HTML 59K
Disclosures (Details)
164: R129 Fair Value Measurements (Fair Value Unobservable HTML 72K
Inputs) (Details)
165: R130 Fair Value Measurements (Narrative) (Detail) HTML 88K
166: R131 Fair Value Measurements (Fair Value Assets And HTML 200K
Liabilities Measured On Recurring Basis) (Detail)
167: R132 Fair Value Measurements (Summary Of Estimated Fair HTML 101K
Values Of Significant Financial Instruments)
(Detail)
168: R133 Retirement Benefit Plans - Narrative (Detail) HTML 98K
169: R134 Retirement Benefit Plans - Changes in Plan Assets HTML 103K
and Funded Status of Pension Plans and Other
Postretirement Benefit Plans (Details)
170: R135 Retirement Benefit Plans - Weighted Average HTML 80K
Assumptions used to Determine Benefit Obligations
(Details)
171: R136 Retirement Benefit Plans - Summary of Components HTML 66K
of Accumulated Other Comprehensive Loss Related to
Pensions and Postretirement Benefits (Details)
172: R137 Retirement Benefit Plans - Summary of Net Periodic HTML 75K
Benefit Costs (Details)
173: R138 Retirement Benefit Plans - Weighted Average HTML 94K
Assumptions used to Determine Net Periodic Benefit
Cost (Details)
174: R139 Retirement Benefit Plans - Changes in Other HTML 71K
Comprehensive Income (Details)
175: R140 Retirement Benefit Plans - Expected Future Benefit HTML 71K
Payments (Details)
176: R141 Retirement Benefit Plans - Summary of Fair Value HTML 77K
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177: R142 Retirement Benefit Plans - Contributions and HTML 55K
Funding Status of the Fund (Details)
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179: R144 Share-Based Plans - Summary of Restricted Stock HTML 135K
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180: R145 Share-Based Plans - Summary of Stock-based HTML 64K
Compensation Expense Recognized (Details)
181: R146 Share-Based Plans - Options Outstanding and HTML 54K
Options Exercisable (Details)
182: R147 Segment Reporting (Operating Results and Total HTML 118K
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183: R148 Segment Reporting Segment Reporting Narrative HTML 71K
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184: R149 Revenue from contracts with Customers Revenue from HTML 97K
Contracts with Customers (Details)
185: R150 Commitments and Contingencies (Outstanding HTML 60K
Financial Instruments Contract Amounts Represent
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186: R151 Commitments and Contingencies (Schedule for HTML 61K
Unfunded Commitments) (Details)
187: R152 Parent Company Information - Components of HTML 111K
Condensed Balance Sheets The Parent Company
(Details)
188: R153 Parent Company Information - Components of HTML 102K
Condensed Income Statement The Parent Company
(Details)
189: R154 Parent Company Information - Components of HTML 71K
Condensed Comprehensive Income (Details)
190: R155 Parent Company Information - Components of HTML 113K
Condensed Cash Flow The Parent Company (Details)
191: R156 Subsequent Events (Details) HTML 88K
192: R9999 Uncategorized Items - wbs-20231231.htm HTML 52K
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‘EX-97’ — Clawback Policy re: Recovery of Erroneously Awarded Compensation
In accordance with the applicable rules of the New York Stock Exchange Listed Company Manual and Section 10D and Rule 10D-1 of the Securities Exchange Act of 1934, as amended, the Compensation Committee (the “Committee”) of the Board of Directors of Webster Financial Corporation (the “Company”) has adopted the following Policy for Recoupment of Incentive Compensation (the “Policy”) effective as of October
17, 2023. The Policy mandates that, if the Company determines that an accounting restatement is required, each current and former executive officer of the Company shall repay or forfeit, to the fullest extent permitted by applicable law and as directed by the Committee, the full recoverable amount of any incentive-based compensation received by the executive officer during the applicable look-back period. For the avoidance of doubt, recoupment of incentive-based compensation under this Policy will apply even if the executive officer did not engage in any misconduct and even if the executive officer had no responsibility for the financial statement errors or other reasons requiring restatement.
For purposes of the Policy:
•an
“accounting restatement” is the correction of an error in the Company’s previously issued financial statements that (a) is material to those previously issued financial statements or (b) is not material to those financial statements but would result in a material misstatement if the error were recognized in the current period or left uncorrected in the current period;
•“executive officer” means those officers who have been designated by the Company as executive officers for purposes of Section 16 of the Securities Exchange Act of 1934, as amended;
•“recoverable amount” means the amount of incentive-based compensation received by the executive officer
or former executive officer during the look-back period that exceeds the amount of incentive-based compensation that otherwise would have been received had it been determined based on the accounting restatement, computed without regard to taxes paid;
•“look-back period” means the three completed fiscal years preceding the earlier of (1) the date the Board or a Board committee concludes, or reasonably should have concluded, that the Company is required to prepare an accounting restatement; or (2) the date a court, regulator, or other legally authorized body directs the Company to prepare an accounting restatement; and
•“incentive-based compensation” means any
compensation that is granted, earned, or vested (including, without limitation, any annual cash bonus, incentive plan awards, performance stock units, restricted stock awards, or other performance-based compensation), which compensation is based wholly or in part upon the attainment of any financial reporting measure, including financial measures contained in the Company’s financial statements (including, for the avoidance of doubt, the Company’s stock price or any total shareholder return measure), and any measure derived in whole or in part from such financial measures. Incentive-based compensation will be deemed to have been “received” in the fiscal period during which the financial reporting measure specified in the incentive-based compensation award was attained, not when the payment, grant
or vesting occurs.
This Policy only applies to incentive-based compensation received by a person after beginning service as an executive officer and only if that person served as an executive officer at any time during the look-back period.
The recovery of any recoverable amount of incentive-based compensation shall be mandatory, except to the extent that one of the limited exemptions set forth in Exchange Act Rule 10D-1(b)(1)(iv) applies.
Each award agreement or other document setting forth the terms and conditions of any incentive-based compensation granted to an executive officer shall include a provision incorporating the requirements of this policy. The remedy specified in this Policy shall not be exclusive and shall be in addition to every other right or remedy at law or in equity that may be available to the
Company.
The Company shall not indemnify any executive officer against the loss of, or expenses associated with, any incorrectly awarded incentive-based compensation or the recovery thereof.
The Company will timely make all public disclosures of any recoveries made pursuant to the Policy in accordance with Item 402(w) of Exchange Act Regulation S-K and Section 303A.14 of the NYSE Listed Company Manual.
