WSFS Financial (NASDAQ: WSFS) EVP Bacci reports stock grants and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WSFS Financial Corp executive Arthur J. Bacci reported equity awards and related tax withholding transactions in company stock. On February 26, 2026, he acquired 5,370 shares and 4,198 shares of common stock as grant or award acquisitions at $66.38 per share. On the same date, 2,427 shares at $66.38 per share were disposed of to cover taxes due on vested performance-based restricted share units. A prior performance-based award granted on February 23, 2023 achieved a 76% performance level for the three-year period ended December 31, 2025, with each PSU representing one share of common stock. After these transactions, Bacci held 33,507 shares directly and 3,723 shares indirectly through a 401(k) plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
BACCI ARTHUR J
Role
EVP, COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 5,370 | $66.38 | $356K |
| Tax Withholding | Common Stock | 2,427 | $66.38 | $161K |
| Grant/Award | Common Stock | 4,198 | $66.38 | $279K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 31,736 shares (Direct);
Common Stock — 3,723 shares (Indirect, 401k)
Footnotes (1)
- On February 26, 2026, the reporting person achieved a performance level of 76% on an award of performance-based restricted share units ("PSUs") issued on February 23, 2023. This performance level represents the final determination of the PSU during the three-year period ended December 31, 2025. Each PSU represents one share of WSFS Financial Corporation common stock. Represents shares withheld to cover taxes due on vested PSUs. 3 year vest (33% increments) with first vesting date of 4/15/2027 and final vesting date of 4/15/2029. Does not include PSUs, 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 transactions did WSFS EVP, COO Arthur J. Bacci report on this Form 4?
Arthur J. Bacci reported equity award activity in WSFS common stock. He acquired 5,370 and 4,198 shares as stock grants at $66.38 per share, and 2,427 shares were withheld and disposed of to satisfy tax obligations on vested performance-based units.
Were the WSFS stock transactions by Arthur J. Bacci open-market buys or sells?
The reported WSFS stock activity reflects grant or award acquisitions and tax-withholding dispositions, not open-market trades. Shares were issued as equity awards, and a portion was withheld and disposed of solely to cover taxes due on vested performance-based restricted share units.
What is the vesting schedule for the new WSFS equity award reported by Arthur J. Bacci?
One of the reported equity awards has a three-year vesting schedule in 33% increments. The first vesting date is April 15, 2027, and the final vesting date is April 15, 2029, subject to the terms and conditions of the award agreement.