CFO David Burg granted 3,975 WSFS (WSFS) common shares in award
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WSFS Financial Corp Executive Vice President and CFO David Burg reported an equity award of 3,975 shares of common stock. The shares were acquired on February 26, 2026 at a reported price of $66.38 per share as a grant or award, rather than an open-market purchase.
The award vests over three years in 33% increments, with vesting dates of April 15, 2027, April 15, 2028, and April 15, 2029. Following this grant, Burg directly owns 29,104 shares of WSFS common stock. The filing notes that performance-based RSUs, if any, will be reported separately once performance outcomes are assessed.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Burg David
Role
Executive Vice President, CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 3,975 | $66.38 | $264K |
Holdings After Transaction:
Common Stock — 29,104 shares (Direct)
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 insider transaction did WSFS (WSFS) CFO David Burg report?
WSFS Executive Vice President and CFO David Burg reported acquiring 3,975 shares of common stock as an equity grant. The transaction was coded as a grant, award, or other acquisition, not an open-market purchase, and was reported on a Form 4 insider filing.
What is the vesting schedule for David Burg’s new WSFS (WSFS) stock award?
The 3,975-share award to David Burg vests over three years in 33% increments. The first vesting date is April 15, 2027, with subsequent vesting dates on April 15, 2028 and a final vesting on April 15, 2029, subject to continued service conditions.
Does the WSFS (WSFS) Form 4 include David Burg’s performance-based RSUs?
The Form 4 explicitly states it does not include any performance-based RSUs for which performance has not yet been assessed. Any such performance-based RSU holdings will be reported on a future Form 4 within two business days after performance evaluation.
Was the WSFS (WSFS) CFO transaction a market buy or a compensation grant?
The transaction was a compensation-related equity grant, not a market purchase. It is coded as a grant, award, or other acquisition, with a three-year vesting schedule, indicating it forms part of David Burg’s long-term incentive compensation rather than open-market buying.