WSFS Financial exec reports tax share withholding
WSFS Financial Corp executive James J. Wechsler reported routine tax-related share withholdings rather than open-market sales.
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Form Type
4
Rhea-AI Filing Summary
WSFS Financial Corp executive James J. Wechsler reported routine tax-related share withholdings rather than open-market sales. On April 15, 2026, a total of 511 shares of Common Stock were withheld at $69.07 per share to cover taxes on vested restricted stock units, according to the footnotes.
After these dispositions, Wechsler directly owns 8,032 shares of WSFS Financial Corp common stock and indirectly holds 679 shares through a 401K account. A footnote also notes that the reported balance was adjusted by one share due to a rounding correction.
Insider Trade Summary
Exercise Price or Tax Liability: 511 shares
Exercise Price or Tax Liability
5 txns
Insider
Wechsler James J
Role
EVP Chief Comm'l Banking Ofc
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise Price or Tax Liability | Common Stock | 127 | $69.07 | $9K |
| Exercise Price or Tax Liability | Common Stock | 178 | $69.07 | $12K |
| Exercise Price or Tax Liability | Common Stock | 137 | $69.07 | $9K |
| Exercise Price or Tax Liability | Common Stock | 69 | $69.07 | $5K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,032 shares (Direct);
Common Stock — 679 shares (Indirect, 401K)
Footnotes (2)
- F1. Represents shares withheld to cover taxes due on vested restricted stock units.
- F2. The reported balance was adjusted by one share due to a rounding correction.
Key Figures
Tax-withheld shares: 511 shares
Withholding price: $69.07 per share
Direct holdings after transactions: 8,032 shares
+1 more
4 metrics
Tax-withheld shares
511 shares
Shares withheld to cover taxes on vested RSUs on April 15, 2026
Withholding price
$69.07 per share
Price used for tax-withholding dispositions of WSFS common stock
Direct holdings after transactions
8,032 shares
James J. Wechsler’s direct WSFS common stock ownership after tax withholdings
Indirect 401K holdings
679 shares
WSFS common shares held indirectly through a 401K account
Key Terms
restricted stock units, tax-withholding disposition, 401K, Form 4
4 terms
restricted stock units financial
"Represents shares withheld to cover taxes due on vested restricted stock units."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action: tax-withholding disposition, code F for tax liability payment"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
401K financial
"Indirect ownership of 679 Common Stock shares is reported with nature_of_ownership: 401K"
An employer-sponsored retirement savings plan in the United States that lets workers set aside part of their paycheck into investments with tax advantages; some plans also include employer matching contributions, which is like free money added to your savings. It matters to investors because 401(k) balances represent a large pool of household retirement assets that influence personal financial security, investor behavior, and long-term demand for stocks and bonds.
Form 4 regulatory
"INSIDER FILING DATA (Form 4) shows non-derivative transactions in Common Stock"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did WSFS (WSFS) executive James J. Wechsler report?
James J. Wechsler reported tax-related share withholdings, not market sales. A total of 511 WSFS Financial Corp common shares were withheld on April 15, 2026 to cover taxes due on vested restricted stock units at $69.07 per share.
What are James J. Wechsler’s WSFS (WSFS) holdings after these transactions?
After the tax withholdings, James J. Wechsler directly holds 8,032 WSFS Financial Corp common shares. He also indirectly holds 679 additional shares through a 401K account, according to the Form 4’s reported post-transaction ownership balances.
What does the Form 4 footnote say about WSFS (WSFS) restricted stock units?
The footnote explains the withheld shares represent taxes on vested restricted stock units. It states the shares were retained to cover taxes due upon vesting, and also notes the reported share balance was adjusted by one share because of a rounding correction.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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