Eleuthere I. du Pont Reports Purchase of 1,123 WSFS Shares at $53.47
Rhea-AI Filing Summary
Eleuthere I. du Pont, a director of WSFS Financial Corp, reported an insider purchase on Form 4. On 08/08/2025 he acquired 1,123 shares of WSFS common stock at a price of $53.47 per share, and the filing shows 9,302 shares owned following the reported transaction. The Form 4 also discloses 7,285 shares held indirectly in a trust for the benefit of the reporting persons children; the reporting person disclaims beneficial ownership of those trust-held shares except for his pecuniary interest. The filing was signed on 08/12/2025 by power of attorney and identifies the reporting person as a Director of WSFS.
Positive
- Insider purchase disclosed: Director Eleuthere I. du Pont acquired 1,123 shares at $53.47, reported on Form 4.
- Clear trust disclosure: The filing explicitly identifies 7,285 shares held in a trust for the reporting persons children.
Negative
- Limited direct ownership clarity: A portion of holdings (7,285 shares) is indirect via a trust and the reporting person disclaims beneficial ownership, reducing insight into economic control.
Insights
TL;DR: Director purchased 1,123 WSFS shares at $53.47 on 08/08/2025; total direct holdings reported as 9,302 shares.
The Form 4 documents a straightforward insider purchase by a company director. The acquisition of 1,123 shares at an explicit price of $53.47 is a transparent disclosure of insider activity; however, the filing also shows a significant quantity of shares (7,285) held indirectly in a trust for the reporting person's children, which the filer disclaims owning except for pecuniary interest. For investors, the transaction signals insider buying but the mixed direct and indirect ownership reduces clarity on economic control. No derivatives or other material transactions are reported.
TL;DR: Routine Section 16 filing showing an 08/08/2025 acquisition and disclosure of trust-held shares; documentation appears compliant.
The Form 4 is properly used to report the directors acquisition and discloses the nature of indirect holdings via trust, including the statutory disclaimer of beneficial ownership. The signature by power of attorney on 08/12/2025 and the clear presentation of transaction date, amount, and price meet standard disclosure requirements. From a governance perspective, the filing enhances transparency but does not indicate material governance changes or extraordinary insider activity.