Webster Financial Corporation
10/24/2025 | Press release | Distributed by Public on 10/24/2025 14:32
Management Change/Compensation (Form 8-K)
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Compensatory Agreements of Certain Officers
On October 23, 2025, the Compensation and Human Resources Committee of the Board of Directors of Webster Financial Corporation ("Webster" or the "Company") approved certain compensation adjustments for Senior Executive Vice President and Chief Financial Officer Neal Holland to recognize his rapid integration and significant contributions to Webster, and his importance in implementing Webster's strategic plan. The approved compensation included a one time grant of $500,000 of Webster restricted stock with a time-based vesting on the third anniversary of the grant date pursuant to the Webster 2021 Stock Incentive Plan. Additionally, the Compensation and Human Resources Committee set Mr. Holland's base salary at $730,000, his target annual cash incentive award at 125% of his annual base salary and his target annual long-term incentive awards at 200% of his annual base salary, effective September 22, 2025.
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