4/A: WSFS Financial Corp Director Corrects Ownership Disclosure After Charitable Donation

Eleuthere I. du Pont, a director at WSFS Financial Corp, amended a previous filing to accurately reflect a donation of common stock and the total securities beneficially owned.

Summary

• Eleuthere I. du Pont, a director of WSFS Financial Corp, filed an amended Form 4 to correct a previous error in reporting securities beneficially owned.
• The amendment addresses a clerical error in the original filing, which excluded certain shares of common stock donated by du Pont.
• The corrected filing indicates that du Pont directly owns 8,158 shares of WSFS Financial Corp common stock after the reported transaction.
• Additionally, du Pont indirectly owns 6,105 shares held in a trust for the benefit of his children, but he disclaims beneficial ownership except to the extent of his pecuniary interest.
• The original transaction date remains 08/11/2023, with the amendment filed on 08/15/2023 and this filing on 03/26/2024.

Sentiment

Score: 7

Explanation: The sentiment is neutral. It's a routine correction of a filing, indicating no major positive or negative implications for the company's performance.

Negatives

• The original filing contained a clerical error, requiring an amendment.

Risks

• Failure to accurately report beneficial ownership can lead to regulatory scrutiny.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. Amendments, while not ideal, are not uncommon and highlight the importance of accurate reporting.

Stakeholder Impact

• The correction ensures accurate information is available to shareholders regarding insider ownership.

Key Dates