WSFS (WSFS) risk chief gets stock awards, withholds shares for taxes
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
WSFS Financial Corp executive Christine Elizabeth Davis, EVP and Chief Risk Officer, reported equity compensation activity in common stock. She acquired 4,754 shares and 2,820 shares through grant or award transactions at $66.38 per share, while 2,149 shares were disposed of to cover taxes on vested performance-based restricted share units.
The footnotes state she achieved a 76% performance level on PSUs granted on February 23, 2023 for the three-year period ended December 31, 2025, with each PSU representing one share of common stock. Following these moves, she directly holds 15,103 shares and indirectly holds 2,902 shares through a 401(k). Some additional PSUs without finalized performance assessments will be reported when evaluated.
Positive
- None.
Negative
- None.
Insider Trade Summary
4 transactions reported
Mixed
4 txns
Insider
Davis Christine Elizabeth
Role
EVP, Chief Risk Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 4,754 | $66.38 | $316K |
| Tax Withholding | Common Stock | 2,149 | $66.38 | $143K |
| Grant/Award | Common Stock | 2,820 | $66.38 | $187K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 14,432 shares (Direct);
Common Stock — 2,902 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 (WSFS) report for Christine Elizabeth Davis?
WSFS reported that Christine Elizabeth Davis received stock awards and share dispositions related to equity compensation. She acquired two blocks of common stock and had shares withheld to cover taxes on vested performance-based restricted share units, all recorded on February 26, 2026.
Does the WSFS Form 4 mention any future reporting of additional PSUs?
Yes. It states that any PSUs for which performance assessments have not yet been made are excluded. Those units will be reported on a future Form 4 within two business days after their applicable performance goals are formally evaluated.