Insider Purchase: WSFS (WSFS) Director Acquires 1,123 Shares
Rhea-AI Filing Summary
Reporting person Francis B. Brake, a director of WSFS Financial Corp (WSFS), reported an acquisition of common stock. On 08/08/2025 Brake acquired 1,123 shares at a price of $53.47 per share, increasing his direct beneficial ownership to 20,389 shares. The Form 4 was signed via power of attorney and filed on 08/12/2025. No derivative transactions or additional explanations were reported.
Positive
- Director purchase: Francis B. Brake acquired 1,123 shares at $53.47, increasing direct holdings to 20,389 shares
Negative
- None.
Insights
TL;DR: A director purchased shares, modestly increasing direct holdings; this is a routine insider buy without disclosed material change.
The Form 4 shows a single non-derivative purchase of 1,123 common shares at $53.47 on 08/08/2025, raising direct beneficial ownership to 20,389 shares. The filing was executed under power of attorney and signed on 08/12/2025. There are no reported disposals, derivative positions, or explanatory remarks that would indicate an unusual or material corporate event.
TL;DR: Insider purchase by a director is disclosed properly; filing contains no governance issues or unexplained anomalies.
The document identifies the reporting person as a director and indicates the transaction was filed by one reporting person. The entry is limited to a direct acquisition of common stock and includes a signature via power of attorney. No amendments, 10b5-1 plan checkboxes, or other filings are indicated. From a governance perspective, this is a standard, compliant Section 16 disclosure.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 1,123 | $53.47 | $60K |
AI-generated analysis. How Rhea-AI works. Not financial advice.