Webster Financial Management

Management criteria checks 3/4

Webster Financial's CEO is John Ciulla, appointed in Jan 2018, has a tenure of 6.83 years. total yearly compensation is $7.73M, comprised of 14.2% salary and 85.8% bonuses, including company stock and options. directly owns 0.14% of the company’s shares, worth €13.95M. The average tenure of the management team and the board of directors is 2.8 years and 4.5 years respectively.

Key information

John Ciulla

Chief executive officer

US$7.7m

Total compensation

CEO salary percentage	14.2%
CEO tenure	6.8yrs
CEO ownership	0.1%
Management average tenure	2.8yrs
Board average tenure	4.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has John Ciulla's remuneration changed compared to Webster Financial's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$752m
Jun 30 2024	n/a	n/a	US$785m
Mar 31 2024	n/a	n/a	US$838m
Dec 31 2023	US$8m	US$1m	US$843m
Sep 30 2023	n/a	n/a	US$902m
Jun 30 2023	n/a	n/a	US$910m
Mar 31 2023	n/a	n/a	US$858m
Dec 31 2022	US$8m	US$1m	US$623m
Sep 30 2022	n/a	n/a	US$493m
Jun 30 2022	n/a	n/a	US$358m
Mar 31 2022	n/a	n/a	US$273m
Dec 31 2021	US$5m	US$1m	US$399m
Sep 30 2021	n/a	n/a	US$348m
Jun 30 2021	n/a	n/a	US$322m
Mar 31 2021	n/a	n/a	US$281m
Dec 31 2020	US$3m	US$995k	US$211m
Sep 30 2020	n/a	n/a	US$242m
Jun 30 2020	n/a	n/a	US$266m
Mar 31 2020	n/a	n/a	US$311m
Dec 31 2019	US$4m	US$961k	US$373m
Sep 30 2019	n/a	n/a	US$382m
Jun 30 2019	n/a	n/a	US$388m
Mar 31 2019	n/a	n/a	US$371m
Dec 31 2018	US$3m	US$896k	US$352m
Sep 30 2018	n/a	n/a	US$323m
Jun 30 2018	n/a	n/a	US$288m
Mar 31 2018	n/a	n/a	US$268m
Dec 31 2017	US$2m	US$725k	US$247m

Compensation vs Market: John's total compensation ($USD7.73M) is above average for companies of similar size in the German market ($USD4.77M).

Compensation vs Earnings: John's compensation has been consistent with company performance over the past year.

CEO

John Ciulla (58 yo)

6.8yrs

Tenure

US$7,730,259

Compensation

Mr. John R. Ciulla is Chief Executive Officer and Director at Webster Financial Corporation since January 1, 2018 and is its Chairman since February 1, 2024. He is Chairman of Webster Bank, N.A. since Febr...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
John Ciulla	Chairman & CEO	6.8yrs	US$7.73m	0.14% € 14.0m
Luis Massiani	President & COO	2.8yrs	US$3.18m	0.059% € 6.0m
Christopher Motl	Senior Executive VP & President of Commercial Banking	7.8yrs	US$2.66m	0.034% € 3.4m
William Holland	CFO & Executive VP	less than a year	no data	0.0092% € 932.2k
Albert Wang	Executive VP & Chief Accounting Officer	7.2yrs	no data	0.0083% € 846.8k
Vikram Nafde	Chief Information Officer	2.4yrs	no data	0.0091% € 921.0k
Emlen Harmon	Director of Investor Relations	no data	no data	no data
Kristy Berner	General Counsel & Corporate Secretary	1.2yrs	no data	0.0091% € 922.1k
Javier Evans	Executive VP & Chief Human Resources Officer	2.8yrs	no data	0.013% € 1.4m
Daniel Bley	Executive VP & Chief Risk Officer	14.3yrs	US$1.20m	0.010% € 1.1m
Charles Wilkins	Executive VP & Head of HSA Bank	no data	US$1.36m	0.020% € 2.0m
Elzbieta Cieslik	Executive VP & Chief Audit Officer	no data	no data	0.0088% € 898.7k

2.8yrs

Average Tenure

54yo

Average Age

Experienced Management: WED's management team is considered experienced (2.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
John Ciulla	Chairman & CEO	6.8yrs	US$7.73m	0.14% € 14.0m
Laurence Morse	Independent Director	20.8yrs	US$220.53k	0.021% € 2.1m
William Atwell	Independent Director	10.3yrs	US$240.53k	0.027% € 2.7m
Mark Pettie	Independent Director	15.6yrs	US$230.53k	0.019% € 1.9m
Maureen Mitchell	Independent Director	2.8yrs	US$200.53k	0.0077% € 786.9k
Mona Aboelnaga Kanaan	Independent Director	2.8yrs	US$220.53k	0.0069% € 703.5k
John Cahill	Independent Director	2.8yrs	US$200.53k	0.013% € 1.4m
E. Hayles	Independent Director	6.1yrs	US$235.53k	0.0088% € 890.5k
William Whiston	Independent Director	2.8yrs	US$200.53k	0.011% € 1.1m
Lauren States	Independent Director	8.2yrs	US$200.53k	0.0088% € 890.5k
Richard O'Toole	Lead Independent Director	2.8yrs	US$220.53k	0.020% € 2.1m
William Haas	Director	less than a year	no data	0.0014% € 145.4k

4.5yrs

Average Tenure

68yo

Average Age

Experienced Board: WED's board of directors are considered experienced (4.5 years average tenure).

Webster Financial Management

Management criteria checks 3/4

Key information

Recent management updates

Insider recently sold €542k worth of stock

Webster Financial Corporation CFO Changes

Webster Financial Corporation, Annual General Meeting, Apr 24, 2024

Insider recently sold €622k worth of stock

COO & Senior Executive VP recently sold €643k worth of stock

Webster Financial Corporation Announces Executive Changes, Effective as of February 1, 2024

Recent updates

New minor risk - Share price stability

Insider recently sold €542k worth of stock

Investor sentiment improves as stock rises 16%

Third quarter dividend of US$0.40 announced

Webster Financial Corporation Declares Quarterly Cash Dividend, Payable on November 12, 2024

Third quarter 2024 earnings released: EPS: US$1.10 (vs US$1.29 in 3Q 2023)

Webster Financial Corporation to Report Q3, 2024 Results on Oct 17, 2024

Investor sentiment deteriorates as stock falls 15%

New minor risk - Insider selling

Second quarter 2024 earnings released: EPS: US$1.05 (vs US$1.32 in 2Q 2023)

Webster Financial Corporation Announces Unaudited Net Charge-Offs for the Second Quarter Ended June 30, 2024

First quarter dividend of US$0.40 announced

Webster Financial Corporation Declares Common Dividend, Payable on August 8, 2024

Webster Financial Corporation CFO Changes

Webster Financial Corporation to Report Q2, 2024 Results on Jul 23, 2024

First quarter dividend of US$0.40 announced

Webster Financial Corporation Declares Quarterly Cash Dividend on Common Stock, Payable on May 16, 2024

First quarter 2024 earnings released: EPS: US$1.23 (vs US$1.24 in 1Q 2023)

Webster Financial Corporation Announces Net Charge Offs for the Quarter Ended March 31, 2024

Webster Financial Corporation to Report Q1, 2024 Results on Apr 23, 2024

Webster Financial Corporation, Annual General Meeting, Apr 24, 2024

Insider recently sold €622k worth of stock

Full year 2023 earnings released: EPS: US$4.91 (vs US$3.72 in FY 2022)

COO & Senior Executive VP recently sold €643k worth of stock

Webster Financial Corporation Announces Executive Changes, Effective as of February 1, 2024

Fourth quarter dividend of US$0.40 announced

Webster Financial Corporation Declares Quarterly Cash Dividend, Payable on February 16, 2024

Full year 2023 earnings released: EPS: US$4.91 (vs US$3.72 in FY 2022)

Webster Financial Corporation Reports Net Charge Offs for the Quarter Ended December 31, 2023

Webster Financial Corporation to Report Q4, 2023 Results on Jan 23, 2024

Executive Chairman of the Board recently sold €1.2m worth of stock

Webster Financial Corporation Announces Quarterly Cash Dividend, Payable on November 13, 2023

Third quarter 2023 earnings released: EPS: US$1.29 (vs US$1.31 in 3Q 2022)

Webster Financial Corporation to Report Q3, 2023 Results on Oct 19, 2023

Webster Financial Corporation Appoints Kristy Berner as Executive Vice President, General Counsel and Corporate Secretary

Upcoming dividend of US$0.40 per share at 3.5% yield

Webster Financial Corporation Provides Earnings Guidance for the Full Year 2023

Webster Financial Corporation Declares Quarterly Cash Dividend, Payable on August 16, 2023

Second quarter 2023 earnings released: EPS: US$1.32 (vs US$1.00 in 2Q 2022)

Webster Financial Corporation to Report Q2, 2023 Results on Jul 20, 2023

Webster Financial Corporation to Report Q2, 2023 Results on Jul 20, 2023

COO & Senior Executive VP recently sold €558k worth of stock

Full year 2022 earnings released: EPS: US$3.72 (vs US$4.43 in FY 2021)

Investor sentiment deteriorates as stock falls 17%

Webster Financial Corporation Reports Net Charge-Offs for the Fourth Quarter Ended December 31, 2022

Full year 2022 earnings released: EPS: US$3.72 (vs US$4.43 in FY 2021)

Webster Financial Corporation Declares Quarterly Common Dividend, Payable on February 17, 2023

Webster Financial Corporation to Report Q4, 2022 Results on Jan 26, 2023

Webster Financial Corporation Declares Quarterly Cash Dividend, Payable on November 14, 2022

Third quarter 2022 earnings released: EPS: US$1.32 (vs US$1.04 in 3Q 2021)

Webster Financial Corporation Reports Net Charge Offs for the Quarter Ended September 30, 2022

Webster Financial Corporation to Report Q3, 2022 Results on Oct 20, 2022

COO & Executive VP recently sold €950k worth of stock

COO & Executive VP recently sold €366k worth of stock

Webster Financial Corporation Provides Earnings Guidance for the Year 2022

Webster Financial Corporation Declares Quarterly Dividend, Payable on August 17, 2022

Webster Financial Corporation to Report Q2, 2022 Results on Jul 21, 2022

Webster Financial Corporation Appoints Vikram Nafde as Executive Vice President and Chief Information Officer

Webster Financial Corporation announced delayed 10-Q filing

Upcoming dividend of US$0.40 per share

First quarter 2022 earnings released: US$0.14 loss per share (vs US$1.18 profit in 1Q 2021)

Webster Financial Corporation to Report Q1, 2022 Results on Apr 28, 2022

Executive VP & Chief Risk Officer recently sold €214k worth of stock

Full year 2021 earnings: Revenues exceed analyst expectations

Webster Financial Corporation, Annual General Meeting, Apr 28, 2022

Webster Financial Corporation (NYSE:WBS) signed a definitive agreement to acquire Bend Financial, Inc. from RRE Ventures LLC and others.

Webster Financial Corporation (NYSE:WBS) completed the acquisition of Sterling Bancorp (NYSE:STL) in merger of equals transaction.

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Insufficient new directors