WSFS (NASDAQ: WSFS) EVP stock withheld to cover RSU taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WSFS Financial Corp executive Allan Michael Junior Matyger, EVP and CIO, reported routine share dispositions tied to tax withholding rather than market sales. On April 15, 2026, a total of 474 shares of common stock were withheld at $69.07 per share to cover taxes due on vested restricted stock units, according to the footnotes. After these non-market transactions, he holds 4,645 shares directly and 973 shares indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Matyger Allan Michael Junior
Role
EVP and CIO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Common Stock | 123 | $69.07 | $8K |
| Tax Withholding | Common Stock | 151 | $69.07 | $10K |
| Tax Withholding | Common Stock | 119 | $69.07 | $8K |
| Tax Withholding | Common Stock | 81 | $69.07 | $6K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 4,996 shares (Direct);
Common Stock — 973 shares (Indirect, 401k)
Footnotes (1)
- Represents shares withheld to cover taxes due on vested restricted stock units. The reported balance was adjusted by one share due to a rounding correction.
Key Figures
Tax-withheld shares: 474 shares
Withholding price: $69.07 per share
Direct holdings after transactions: 4,645 shares
+2 more
5 metrics
Tax-withheld shares
474 shares
Shares withheld to cover taxes on vested RSUs
Withholding price
$69.07 per share
Price used for tax-withholding dispositions on April 15, 2026
Direct holdings after transactions
4,645 shares
Common stock directly owned following tax-withholding entries
Indirect 401k holdings
973 shares
Common stock held indirectly via 401(k) plan
Tax-withholding transactions
4 entries
F-code dispositions for tax liability payment
Key Terms
restricted stock units, tax-withholding disposition, 401k, Form 4, +1 more
5 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.
401k financial
""nature_of_ownership": "401k""
An employer-sponsored retirement savings plan in the United States that lets workers set aside part of their paycheck into investments with tax advantages; some plans also include employer matching contributions, which is like free money added to your savings. It matters to investors because 401(k) balances represent a large pool of household retirement assets that influence personal financial security, investor behavior, and long-term demand for stocks and bonds.
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.
Common Stock financial
""security_title": "Common Stock""
Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.
FAQ
What insider transaction did WSFS EVP Allan Michael Junior Matyger report on this Form 4?
Allan Michael Junior Matyger reported share dispositions related to tax withholding, not open-market sales. A total of 474 WSFS common shares were withheld to cover taxes on vested restricted stock units at a price of $69.07 per share.
What does the 401k holding entry mean in the WSFS Form 4 filing?
The 401(k) entry reflects indirect ownership of WSFS shares through a retirement plan. The filing lists 973 shares held indirectly via a 401(k), separate from the executive’s directly owned shares, and does not indicate a new buy or sell transaction.