Stockholders' Equity

3 Months Ended

Mar. 31, 2025

Equity [Abstract]

Stockholders' Equity

Stockholders’ Equity

The following table summarizes the changes in shares of preferred and common stock issued and common stock held as treasury shares:

	Preferred Stock Series F Issued	Preferred Stock Series G Issued	Common Stock Issued	Treasury Stock Held	Common Stock Outstanding
Balance at December 31, 2024	6,000	135,000	182,778,045	11,386,920	171,391,125
Stock compensation plan activity (1)	—	—	—	(772,605)	772,605
Common stock repurchase program	—	—	—	3,569,454	(3,569,454)
Balance at March 31, 2025	6,000	135,000	182,778,045	14,183,769	168,594,276
Balance at December 31, 2023	6,000	135,000	182,778,045	10,756,089	172,021,956
Stock compensation plan activity (1)	—	—	—	(875,991)	875,991
Common stock repurchase program	—	—	—	434,061	(434,061)
Balance at March 31, 2024	6,000	135,000	182,778,045	10,314,159	172,463,886

(1)Reflects 1,157,278 and 1,156,508, in aggregate, of common shares issued from Treasury stock for time-based restricted stock awards grants, net of forfeitures, and the vesting of performance-based restricted stock awards during the three months ended March 31, 2025, and 2024, respectively, less 384,673 and 280,517 of common shares acquired outside of the Company’s common stock repurchase program related to stock compensation plan activity during the three months ended March 31, 2025, and 2024, respectively.

Common Stock Repurchase Program

The Company maintains a common stock repurchase program, which was approved by the Board of Directors on
October 24, 2017, that permits management to repurchase shares of Webster common stock in open market or private transactions, through block trades, and pursuant to any trading plan that may be adopted in accordance with Rule 10b5-1 of the SEC, subject to the availability and trading price of stock, general market conditions, alternative uses for capital, regulatory considerations, and the Company’s financial performance. During the three months ended March 31, 2025, the Company repurchased 3,569,454 shares under the repurchase program at a weighted-average price of $50.70 per share, totaling $181.0 million. At March 31, 2025, the Company’s remaining repurchase authority was $47.0 million. On April 30, 2025, the Board of Directors increased the Company’s authority to repurchase shares of Webster common stock under the repurchase program by $700.0 million.

Preferred Stock

Information regarding the Company’s preferred stock can be found within Note 12: Stockholders’ Equity in the Notes to Consolidated Financial Statements contained in Part II - Item 8. Financial Statements and Supplementary Data of the Company’s Annual Report on Form 10-K for the year ended December 31, 2024.