WSFS Financial (WSFS) CEO nets 2,976 shares from option exercise
Rhea-AI Filing Summary
WSFS Financial Corp President & CEO Rodger Levenson reported a net exercise of employee stock options. He exercised options covering 12,991 shares of common stock on February 27, 2026, receiving 2,976 shares after share withholding.
The company withheld 10,015 shares of common stock to pay the option exercise price, using the closing stock price of $63.51 under the 2018 Equity Incentive Plan. After these transactions, Levenson directly owned 198,423 shares of common stock, plus additional stock options and 1,917 shares held indirectly through a 401(k) account.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,976 shares
Net Buy
6 txns
Insider
LEVENSON RODGER
Role
President & CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 12,991 | $0.00 | $0.00 |
| Exercise | Common Stock | 12,991 | $43.28 | $562K |
| Exercise Price or Tax Liability | Common Stock | 10,015 | $63.51 | $636K |
| holding | Stock Options (Right to buy) | -- | -- | -- |
| holding | Stock Options (Right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 0 shares (Direct);
Common Stock — 198,423 shares (Direct);
Stock Options (Right to buy) — 62,470 shares (Direct);
Common Stock — 1,917 shares (Indirect, 401k)
Footnotes (1)
- F1. Represents a "net exercise" of outstanding stock options. The reporting person received 2,976 shares of common stock on net exercise of option to purchase 12,991 shares of common stock. The Company withheld 10,015 shares of common stock underlying the option for payment of the exercise price, using the closing stock price on February 27, 2026 of $63.51, pursuant to terms of the 2018 Equity Incentive Plan.
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FAQ
What insider transaction did WSFS (WSFS) CEO Rodger Levenson report?
Rodger Levenson reported exercising employee stock options for 12,991 WSFS common shares. The net exercise left him with 2,976 newly issued shares, while 10,015 shares were withheld by the company to cover the option exercise price under the 2018 Equity Incentive Plan.
What does the tax-withholding disposition in the WSFS Form 4 mean?
The Form 4 shows a tax-withholding disposition of 10,015 WSFS shares coded “F.” These shares were withheld by the company to satisfy the option exercise price and related tax liability, rather than being sold in an open-market transaction, under the 2018 Equity Incentive Plan terms.
Were the WSFS CEO’s option exercises open-market buys or plan exercises?
The transactions were plan-based option exercises, not open-market purchases. Levenson exercised employee stock options, received 2,976 WSFS shares, and had 10,015 underlying shares withheld by the company to pay the exercise price under the 2018 Equity Incentive Plan, per the Form 4 footnote.