[Form 4] WSFS Financial Corp Insider Trading Activity
David Burg, an Executive Vice President and director at WSFS Financial Corp (WSFS), reported a transaction involving company common stock. On 08/15/2025 he disposed of 5,604 shares at a price of $55.13 per share; the filing states these shares were withheld to cover taxes on vested restricted stock units. After the transaction he beneficially owned 25,129 shares. The Form 4 was submitted via an attorney-in-fact and includes an explanation that the disposition represents tax withholding on vested RSUs.
- None.
- The reporting person disposed of 5,604 shares, reducing beneficial ownership to 25,129 shares which is a net decrease in insider holdings.
- The disposition occurred at a price of $55.13 per share, representing actual share outflow from the reporting person's beneficial holdings.
Insights
TL;DR: Insider disposed of 5,604 shares via tax withholding on vested RSUs; resulting ownership is 25,129 shares.
The reported disposition is described as withholding to cover taxes on vested restricted stock units rather than an open-market cash sale, which is an important distinction when assessing insider intent. The transaction price of $55.13 per share and the remaining beneficial ownership level are explicit in the filing. This is a routine equity-compensation related transaction and does not, by itself, provide evidence of a change in corporate outlook or material shift in insider conviction.
TL;DR: Form 4 discloses a compensation-related disposition; documentation shows the issuer's executive complied with Section 16 reporting rules.
The filing notes the disposition was effected to satisfy tax withholding obligations on vested RSUs, which is a common corporate governance outcome following vesting. The report was executed by an attorney-in-fact and includes an explicit explanatory remark. From a governance perspective, the transaction appears procedural and tied to employee compensation rather than a discretionary sale by the reporting person.