SEC FORM 4

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Roberts Daniel G

(Last)

(First)

(Middle)

C/O PEOPLE'S UNITED BANK, N.A.

850 MAIN STREET

(Street)

BRIDGEPORT

06604

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
People's United Financial, Inc. [ PBCT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Executive Vice President

3. Date of Earliest Transaction (Month/Day/Year)
02/15/2022

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	02/15/2022		M		3,008	A	$11.5275	44,312	D
Common Stock	02/15/2022		M		38,868	A	$13.9025	83,180	D
Common Stock	02/15/2022		M		42,694	A	$14.85	125,874	D
Common Stock	02/15/2022		M		25,031	A	$14.565	150,905	D
Common Stock	02/15/2022		M		11,076	A	$16.215	161,981	D
Common Stock	02/15/2022		F		92,567	D	$21.07	69,414⁽¹⁾	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Option to Buy	$11.5275	02/15/2022		M			3,008	⁽²⁾	11/15/2022	Common Stock	3,008	$0.00	0.00	D
Employee Option to Buy	$13.9025	02/15/2022		M			38,868	⁽³⁾	02/20/2024	Common Stock	38,868	$0.00	0.00	D
Employee Option to Buy	$14.85	02/15/2022		M			42,694	⁽⁴⁾	02/19/2025	Common Stock	42,694	$0.00	0.00	D
Employee Option to Buy	$14.565	02/15/2022		M			25,031	⁽⁵⁾	02/18/2026	Common Stock	25,031	$0.00	0.00	D
Employee Option to Buy	$16.215	02/15/2022		M			11,076	⁽⁶⁾	02/20/2030	Common Stock	11,076	$0.00	22,152	D

Explanation of Responses:

1. Includes 2,417 shares owned indirectly through the People's United Financial, Inc. Employee Stock Ownership Plan (including 23 shares acquired through dividend reinvestment). Information is based on 12/31/21 Plan statement.

2. Exercisable in annual increments on 11/15/2014 (50%); 11/15/2015 (25%); and 11/15/2016 (25%).

3. Exercisable in annual increments on 3/1/2015 (33 1/3); 3/1/2016 (33 1/3); and 3/1/2017 (33 1/3).

4. Exercisable in annual increments on 3/1/2016 (33 1/3); 3/1/2017 (33 1/3); and 3/1/2018 (33 1/3.

5. Exercisable in annual increments on 3/1/2017 (33 1/3); 3/1/2018 (33 1/3); and 3/1/2019 (33 1/3).

6. Exercisable in annual increments on 3/1/2021 (33 1/3); 3/1/2022 (33 1/3); and 3/1/2023 (33 1/3).

Remarks:

	/s/ Daniel G. Roberts	02/15/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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