Stock grant to WSFS (NASDAQ: WSFS) EVP James Wechsler adds 2,765 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Wechsler James J reported acquisition or exercise transactions in this Form 4 filing.
WSFS Financial Corp executive James J. Wechsler received an award of 2,765 shares of common stock on the reported date, valued at $66.38 per share. This is an equity grant, not an open-market purchase.
The award vests over three years in 33% increments, with vesting dates on April 15, 2027, April 15, 2028, and April 15, 2029. After this grant, Wechsler directly holds 8,542 common shares, and an additional 679 shares are held indirectly through a 401(k) account. The totals do not include any performance-based restricted stock units that have not yet been assessed for goal achievement, which will be reported separately when evaluated.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Wechsler James J
Role
EVP Chief Comm'l Banking Ofc
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 2,765 | $66.38 | $184K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 8,542 shares (Direct);
Common Stock — 679 shares (Indirect, 401k)
Footnotes (1)
- 3 year vest (33% increments) with first vesting date of 4/15/2027 and final vesting date of 4/15/2029. Does not include performance-based RSUs, if any, held by the Reporting Person for which an assessment has not yet been made regarding the achievement of the applicable performance goals. Any such holding will be reported on a Form 4 within two business days of that date such assessment is made.
FAQ
What did WSFS (WSFS) executive James J. Wechsler report on this Form 4?
James J. Wechsler reported receiving a grant of 2,765 shares of WSFS common stock. The award was recorded at $66.38 per share and represents equity compensation rather than an open-market stock purchase.
Was this WSFS (WSFS) Form 4 transaction a stock purchase or a grant?
The Form 4 reports a stock grant to James J. Wechsler, coded as a grant, award, or other acquisition. It reflects equity compensation awarded by WSFS, not an open-market buy or sell transaction in the company’s common stock.
Are performance-based RSUs for WSFS (WSFS) included in James J. Wechsler’s reported holdings?
Performance-based restricted stock units are not included in the reported holdings if performance assessments are pending. Any such WSFS awards will be reported in a future Form 4 within two business days after performance goal evaluation.
What indirect WSFS (WSFS) ownership did James J. Wechsler disclose on this Form 4?
James J. Wechsler disclosed 679 WSFS common shares held indirectly through a 401(k) plan. This is in addition to his directly held 8,542 shares following the new equity grant reported in the same Form 4 filing.