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Webster Financial Executive Compensation (FY24)

WBS · Executive and director compensation, fiscal 2022 to 2024
Data as of September 7, 2026Latest filing (8-K): May 23, 2025
301 figures on this page: 293 cited to the filing that reported them, 8 calculated from figures it prints. See the citations
John Ciulla, Chairman of the Board and Chief Executive Officer, received $6,050,156 in total compensation for fiscal 2024, and Ciulla's total moved 21.7% lower from the $7,730,259 reported for fiscal 2023. The company reported a chief executive pay ratio of 66:1 for fiscal 2024, against median employee compensation of $91,031. The say-on-pay proposal drew 97.7% of votes cast for or against in favor at the meeting held May 21, 2025 for fiscal 2024. The disclosed peer group includes BOK Financial Corporation, Comerica Incorporated, Cullen/Frost Bankers Inc, F.N.B. Corporation and First Citizens Bancshares Inc, among others.
Chief executive, fiscal 2024
◇
John Ciulla
Median of the other named officers
$2,349,019
6 officers, excluding the chief executive
Latest say-on-pay support
=
May 21, 2025
Chief executive pay ratio
◇
To the median employee
What changed from fiscal 2023 to fiscal 2024
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — John Ciulla: $7,730,259 → $6,050,156 (21.7% lower)
Say-on-pay support: 98.2% → 97.7% (0.5 points lower)
CEO pay ratio: 91:1 → 66:1 (27.5% lower)

Frequently asked questions

Answers drawn from the data on this page.
Who is Webster Financial's chief executive and what were they paid?
John Ciulla, Chairman of the Board and Chief Executive Officer, received $6,050,156 in total compensation for fiscal 2024. Ciulla's total moved 21.7% lower from the $7,730,259 reported for fiscal 2023.
What was Webster Financial's say-on-pay result?
The say-on-pay proposal drew 97.7% of votes cast for or against in favor at the meeting held May 21, 2025 for fiscal 2024.
Which companies are in Webster Financial's peer group?
The disclosed peer group includes BOK Financial Corporation, Comerica Incorporated, Cullen/Frost Bankers Inc, F.N.B. Corporation and First Citizens Bancshares Inc, among others.
What is Webster Financial's chief executive pay ratio?
The company reported a chief executive pay ratio of 66:1 for fiscal 2024, against median employee compensation of $91,031.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John Ciulla
President and Chief Executive Officer
◇—◇—◇—◇◇
Jack Kopnisky
Executive Chairman
◇◇◇—◇—◇◇
Luis Massiani
Chief Operating Officer
◇—◇—◇—◇◇
Christopher Motl
President of Commercial Banking
◇—◇—◇—◇— not reconciled
Glenn MacInnes
Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John Ciulla
Chairman and Chief Executive Officer
◇—◇—◇◇◇◇
Jack Kopnisky
Executive Chairman
◇◇◇—◇—◇◇
Luis Massiani
President and Chief Operating Officer
◇—◇—◇—◇◇
Christopher Motl
President of Commercial Banking
◇—◇—◇◇◇◇
Glenn MacInnes
Chief Financial Officer
◇—◇—◇—◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
John Ciulla
Chairman of the Board and Chief Executive Officer
◇—◇—◇◇◇◇
Luis Massiani
President and Chief Operating Officer
◇—◇—◇—◇◇
Christopher Motl
President of Commercial Banking
◇—◇—◇◇◇◇
Glenn MacInnes
Chief Financial Officer (through August 2024)
◇—◇—◇—◇◇
Jack Kopnisky
Executive Chairman (retired)
Departed during or after this year
◇◇——◇—◇◇
Neal Holland
Chief Financial Officer (effective August 2024)
◇◇◇———◇◇
Kristy Berner
General Counsel and Corporate Secretary
◇◇◇—◇—◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2024
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Time PerfPSU◇◇◇—◇—◇
Time PerfPSU◇◇◇—◇—◇
Time PerfPSU◇◇◇—◇—◇
Time PerfPSU◇◇◇—◇—◇
Time PerfPSU◇◇◇—◇—◇
Time PerfPSU◇◇◇—◇—◇
Time PerfPSU◇◇◇—◇—◇
Time PerfPSU◇◇◇—◇—◇
Fiscal 2022, 2023 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2024 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
John CiullaRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
Jack KopniskyPSU◇◇——
RSU◇◇——
Glenn MacInnesRSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
PSU◇◇——
Kristy BernerPSU◇◇——
RSU◇◇——
RSU◇◇——
Christopher MotlPSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Luis MassianiRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
Neal HollandRSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director compensation

What each non-employee director was paid.
Fiscal 2024
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Richard O'Toole
◇◇———◇◇
Richard O Toole
Lead independent director
◇◇———◇◇
E. Carol Hayles
◇◇———◇◇
Mark Pettie
◇◇———◇◇
Lauren C. States
◇◇———◇◇
Mona Aboelnaga Kanaan
◇◇———◇◇
Laurence C. Morse
◇◇———◇◇
William L. Atwell
◇◇———◇◇
Maureen B. Mitchell
◇◇———◇◇
William E. Whiston
◇◇———◇◇
John P. Cahill
◇◇———◇◇
William D. Haas
◇◇———◇◇
Linda H. Ianieri
◇————◇◇
James J. Landy
◇————◇◇
Karen R. Osar
◇————◇◇
John R. Ciulla served on the board in fiscal 2024 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Director fee schedule

The standing retainers and premiums the board pays, as published.
Board cash retainer◇
Board equity retainer◇
Total board retainer◇
Lead independent director premium◇
Audit committee chair◇
Audit committee member◇
Compensation committee chair◇
Compensation committee member◇
Nominating and governance chair◇
Nominating and governance member◇
Equity is delivered as restricted stock units.
Stock ownership guideline: 5x annual cash retainer ($475,000)

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2024
  • BOK Financial Corporation BOKF
  • Comerica Incorporated CMA
  • Cullen/Frost Bankers Inc CFR
  • F.N.B. Corporation FNB
  • First Citizens Bancshares Inc FCNCA
  • First Horizon Corp FHN
  • Huntington Bancshares Inc HBAN
  • M&T Bank Corporation MTB
  • New York Community Bancorp FLG
  • Old National Bancorp ONB
  • Regions Financial Corp RF
  • Synovus Financial Corp SNV
  • Valley National Bancorp VLY
  • Western Alliance Bancorporation WAL
  • Wintrust Financial Corporation WTFC
  • Zions Bancorporation ZION

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2024May 21, 2025=◇◇◇
2023April 24, 2024=◇◇◇
2022April 26, 2023=◇◇◇
2021April 28, 2022=◇◇◇
2019April 23, 2020=◇◇◇
2018April 25, 2019=◇◇◇
2017April 26, 2018=◇◇◇
2016April 27, 2017=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
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What this page does not include

Everything above is a fact Webster Financial disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Webster Financial sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
301 figures on this page: 293 cited to the filing that reported them, 8 calculated from figures it prints.
293 cited to the filing
8 calculated from the filing

Documents cited

  1. 0000801337-25-000054
    Item 5.07 Submission of Matters to a Vote of Security Holders.
  2. 0000801337-25-000015
    GRANTS OF PLAN-BASED AWARDS IN 2024 · Grants of Plan-Based Awards · Non-Employee Director Compensation and Stock Ownership Guidelines · Outstanding Equity Awards at Fiscal Year-End 2024 · and 2 more sections
  3. 0000801337-24-000012
    Item 5.07 Submission of Matters to a Vote of Security Holders.
  4. 0001193125-24-069056
    Summary Compensation Table
  5. 0001193125-23-126986
    Item 5.07 Submission of Matters to a Vote of Security Holders
  6. 0001193125-23-071402
    Summary Compensation Table
  7. 0000801337-22-000025
    Item 5.07 Submission of Matters to a Vote of Security Holders
  8. 0000801337-20-000023
    Item 5.07 Submission of Matters to a Vote of Security Holders
  9. 0000801337-19-000015
    Item 5.07 Submission of Matters to a Vote of Security Holders
  10. 0000801337-18-000063
    Item 5.07 Submission of Matters to a Vote of Security Holders
  11. 0000801337-17-000092
    Item 5.07 Submission of Matters to a Vote of Security Holders
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Velarion, “Webster Financial executive compensation, FY2022–FY2024.” https://intel.velarion.ai/comp/WBS (accessed 2026).
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers Webster Financial discloses

The companies named in WBS's own disclosed peer group.

BOK Financial CorporationComerica IncorporatedCullen/Frost Bankers IncF.N.B. CorporationFirst Citizens Bancshares IncFirst Horizon CorpHuntington Bancshares IncM&T Bank CorporationNew York Community BancorpOld National BancorpRegions Financial CorpSynovus Financial CorpValley National BancorpWestern Alliance BancorporationWintrust Financial CorporationZions Bancorporation

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
For informational purposes only. Not investment, legal, or compensation advice.  The Pay Desk · Methodology · Terms · Privacy