secwatch.observer — SEC 8-K summary
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Issuer:     WEBSTER FINANCIAL CORP (WBS)
CIK:        0000801337
Form:       8-K
Filed at:   2024-07-15T23:59:59+00:00
Accession:  0001193125-24-178861
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Webster Financial names Neal Holland as CFO successor, Bill Haas to board
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- Neal Holland to become CFO after Glenn MacInnes' retirement expected August 2024; Holland was CFO at First Republic Bank.
- William (Bill) Haas, former OCC Deputy Comptroller, appointed to board; board size increased to 12.
- Holland's compensation: $650k base salary, 110% target cash incentive, 190% LTI target, $750k RSU grant, $200k sign-on, $600k relocation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/801337/000119312524178861/0001193125-24-178861-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/801337/000119312524178861/d578389d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-178861

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer