Form 4: WSFS Financial Corp Director du Pont Reports Share Transactions

Director Eleuthere I. du Pont of WSFS Financial Corp reports a gift of shares to a trust and a corresponding gift from the trust, resulting in a net change in direct and indirect ownership.

Summary

• Eleuthere I. du Pont, a director at WSFS Financial Corp, reported transactions involving the company's common stock on December 5, 2024.
• The transactions included a gift of 1,180 shares directly to a trust and a corresponding gift of 1,180 shares from the trust.
• Following these transactions, Mr. du Pont directly owns 8,179 shares and indirectly owns 7,285 shares through a trust.
• The shares were transferred at a price of $0.00, indicating a gift or transfer rather than a purchase or sale.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing of share transactions, with no indication of positive or negative sentiment. It is a neutral event.

Management Comments

• The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.

Industry Context

This is a routine disclosure of share transactions by a company director, which is a common practice in the financial industry to ensure transparency and compliance with securities regulations.

Comparison to Industry Standards

• Form 4 filings are standard practice for corporate insiders, such as directors, to report changes in their beneficial ownership of company stock.
• The transactions reported are typical for estate planning or trust management purposes, and are not unusual compared to similar filings by other directors in the financial sector.
• The reporting requirements and timelines are consistent with SEC regulations and industry norms.

Stakeholder Impact

• The transactions have a minimal impact on shareholders as they are related to internal transfers and do not represent a change in the overall number of shares outstanding.

Key Dates

Keywords

WSFS Financial Corp, Eleuthere I. du Pont, Form 4, Share Transactions, Director, Beneficial Ownership, Trust, SEC Filing