0001062993-22-002385.txt : 20220202
0001062993-22-002385.hdr.sgml : 20220202
20220202213339
ACCESSION NUMBER: 0001062993-22-002385
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220131
FILED AS OF DATE: 20220202
DATE AS OF CHANGE: 20220202
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Massiani Luis
CENTRAL INDEX KEY: 0001562800
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-31486
FILM NUMBER: 22586178
MAIL ADDRESS:
STREET 1: C/O PROVIDENT BANK
STREET 2: 400 RELLA BOULEVARD
CITY: MONTEBELLO
STATE: NY
ZIP: 10901
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: WEBSTER FINANCIAL CORP
CENTRAL INDEX KEY: 0000801337
STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021]
IRS NUMBER: 061187536
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 200 ELM STREET
CITY: STAMFORD
STATE: CT
ZIP: 06902
BUSINESS PHONE: 203-578-2202
MAIL ADDRESS:
STREET 1: 200 ELM STREET
CITY: STAMFORD
STATE: CT
ZIP: 06902
4
1
form4.xml
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
X0306
4
2022-01-31
0000801337
WEBSTER FINANCIAL CORP
WBS
0001562800
Massiani Luis
C/O WEBSTER FINANCIAL CORP
145 BANK STREET
WATERBURY
CT
06702
0
1
0
0
Chief Operating Officer
Common Stock
2022-01-31
4
A
0
130188
0
A
130187
D
Common Stock
2022-02-01
4
A
0
8317
0
A
8317
D
Acquired in connection with the Merger Agreement by and between Webster Financial Corporation ("Webster") and Sterling Bancorp ("Sterling"), dated April 18, 2021, pursuant to which Sterling was merged with and into Webster, effective January 31, 2022 (the "Merger"). Pursuant to the Merger, each issued and outstanding share of Sterling common stock was converted into the right to receive 0.4630 shares of Webster common stock.
Performance Shares granted on February 1, 2022, of which one-third will be eligible to vest each year in an amount ranging from 50% to 100% of target based on achievement of performance metrics in each of the February 1, 2022 through December 31, 2022, January 1, 2023 through December 31, 2023 and January 1, 2024 through December 31, 2024 performance periods. The reported amount represents 50% of the Performance Shares granted on February 1, 2022, which is the minimum portion that will vest subject to time vesting and other terms and conditions. The remaining portion of the Performance Shares granted on February 1, 2022 will be reported as of the date of vesting, if any.
Jennifer H. Daukas, attorney-in-fact
2022-02-02