---
schema_version: "secwatch.filing_event.v1"
accession: "0000801337-24-000005"
form_type: "8-K"
ticker: "WBS"
cik: "0000801337"
company_name: "WEBSTER FINANCIAL CORP"
filed_at: "2024-01-30T23:59:59+00:00"
generated_at: "2026-06-06T15:30:01.736206+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Webster Financial appoints Luis Massiani President & COO; Ciulla becomes Chairman

## Summary
- Luis Massiani, currently President/COO of Webster Bank, appointed President/COO of the Company effective Feb 1, 2024.
- John Ciulla to succeed Jack Kopnisky as Chairman of both Boards; Kopnisky becomes strategic consultant.
- Massiani's salary increased to $900,000; new change-in-control and non-competition agreements entered.
- Christopher Motl's change-in-control severance multiple increased from 2x to 3x; effective Feb 1, 2024.
- No new compensatory arrangements for Ciulla in connection with his appointment.

## SEC filing metadata
- accession: 0000801337-24-000005
- form_type: 8-K
- ticker: WBS
- cik: 0000801337
- company_name: WEBSTER FINANCIAL CORP
- filed_at: 2024-01-30T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/801337/000080133724000005/0000801337-24-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/801337/000080133724000005/wbs-20240130.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000801337-24-000005
- JSON: https://secwatch.observer/filing/0000801337-24-000005.json
- Plain text: https://secwatch.observer/filing/0000801337-24-000005.txt

## Key facts
- Executive change
  Luis Massiani was appointed as President and Chief Operating Officer at WEBSTER FINANCIAL CORP.
  - Action: appointed
  - Role: President and Chief Operating Officer
  source text: On January 24, 2024, Webster Financial Corporation (the “ Company ”) appointed Luis Massiani, currently President and Chief Operating Officer of Webster Bank, N.A. (the “ Bank ”), as the Company’s President and Chief Operating Officer, effective as of February 1, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/801337/000080133724000005/0000801337-24-000005-index.htm
- Executive change
  John Ciulla changed role as President of the Bank at WEBSTER FINANCIAL CORP.
  - Action: assumed
  - Role: President of the Bank
  source text: Also effective February 1, 2024, John Ciulla, currently President and Chief Executive Officer of the Company and Chief Executive Officer of the Bank, will assume the role of President of the Bank.
  evidence_url: https://www.sec.gov/Archives/edgar/data/801337/000080133724000005/0000801337-24-000005-index.htm
- Executive change
  John Ciulla changed role as Chairman of the Boards at WEBSTER FINANCIAL CORP.
  - Action: succeeded
  - Role: Chairman of the Boards
  source text: Following Mr. Kopnisky’s departure, Mr. Ciulla will succeed Mr. Kopnisky as Chairman of both Boards
  evidence_url: https://www.sec.gov/Archives/edgar/data/801337/000080133724000005/0000801337-24-000005-index.htm
- Executive change
  Jack L. Kopnisky departed as Executive Chairman and director at WEBSTER FINANCIAL CORP.
  - Action: ceased to serve
  - Role: Executive Chairman and director
  source text: Mr. Kopnisky will cease to serve as a member of both Boards and will instead serve as a strategic consultant to the Company and the Bank.
  evidence_url: https://www.sec.gov/Archives/edgar/data/801337/000080133724000005/0000801337-24-000005-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.