Form 4: WSFS Financial Corp Executive James J Wechsler III Reports Share Transaction
SEC Form 4 Filing
James J Wechsler III, EVP Chief Commercial Banking Officer of WSFS Financial Corp, reports disposition of shares to cover taxes on vested restricted stock units.
Summary
- On March 15, 2025, James J Wechsler III, EVP Chief Commercial Banking Officer of WSFS Financial Corp, filed a Form 4.
- The form reports a transaction where 187 shares of common stock were disposed of to cover taxes due on vested restricted stock units at a price of $52 per share.
- Following the transaction, Wechsler directly owns 6,717 shares of common stock and indirectly owns 646 shares through a 401K.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing, and the transaction is related to tax obligations on vested stock, indicating a neutral sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders and their alignment with shareholder interests.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a standard procedure for covering tax obligations on vested stock.
Key Dates
| Date | Description |
|---|---|
| 2025-01-08 | Date of Power of Attorney granted to Charles K. Mosher |
| 2025-03-15 | Date of transaction (disposal of shares) |
| 2025-03-18 | Date of Form 4 filing |
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