Form 4: WSFS Financial Corp CEO Rodger Levenson Reports Stock Transaction
SEC Form 4 Filing
Rodger Levenson, President & CEO of WSFS Financial Corp, reports disposition of shares to cover taxes on vested restricted stock units.
Summary
- On March 15, 2024, Rodger Levenson, the President & CEO of WSFS Financial Corp, reported a transaction involving the company's common stock.
- 518 shares were disposed of to cover taxes due on vested restricted stock units at a price of $41.91 per share.
- Following the transaction, Levenson directly owns 148,624 shares of common stock and indirectly owns 1,903 shares through a 401k.
Sentiment
Score: 5
Explanation: The document is a standard Form 4 filing, reflecting a routine transaction related to executive compensation. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of executive compensation and provide transparency into insider transactions. This transaction is related to tax obligations arising from vested restricted stock units, a common form of executive compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it is a routine sale of shares to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of stock transaction (disposal of shares for tax withholding). |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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