[Form 4] WSFS FINANCIAL CORP Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WSFS Financial Corp Executive Vice President and CFO David Burg reported a routine tax-related share disposition. On the vesting of restricted stock units, 460 shares of common stock were withheld at $69.07 per share to cover taxes, as described in the footnote. Following this Form 4 transaction, Burg directly owns 28,644 shares of WSFS common stock.
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 |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 460 | $69.07 | $32K |
Holdings After Transaction:
Common Stock — 28,644 shares (Direct)
Footnotes (1)
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Key Figures
Shares withheld for taxes: 460 shares
Withholding price per share: $69.07 per share
Shares held after transaction: 28,644 shares
3 metrics
Shares withheld for taxes
460 shares
Withheld to cover taxes on vested restricted stock units
Withholding price per share
$69.07 per share
Value used for 460 withheld WSFS common shares
Shares held after transaction
28,644 shares
Direct WSFS common stock ownership after tax withholding
Key Terms
restricted stock units, tax-withholding disposition, Form 4
3 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""
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
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
What did WSFS (WSFS) CFO David Burg report in this Form 4 filing?
WSFS CFO David Burg reported that 460 shares of common stock were withheld at $69.07 per share to cover taxes on vested restricted stock units, leaving him with 28,644 directly owned shares. This is recorded as a tax-withholding disposition, not an open-market trade.
Was the WSFS (WSFS) CFO’s Form 4 transaction an open-market stock sale?
No, the transaction was not an open-market sale. The filing shows 460 shares of WSFS common stock were withheld to satisfy tax obligations on vested restricted stock units, a standard compensation-related event, with Burg retaining 28,644 shares after the withholding.
What is the transaction code F in the WSFS (WSFS) CFO’s Form 4?
In this Form 4, code F indicates a tax-withholding disposition. It reflects 460 WSFS common shares withheld at $69.07 per share to pay taxes on vested restricted stock units, rather than a discretionary market sale by Executive Vice President and CFO David Burg.