Form 4: WSFS Financial Corp Executive Lisa Brubaker Reports Stock Transaction
SEC Form 4
Lisa Brubaker, EVP, CHRO of WSFS Financial Corp, reports disposition of shares to cover taxes on vested restricted stock units.
Summary
- On April 15, 2024, Lisa M. Brubaker, EVP, CHRO of WSFS Financial Corporation, reported a transaction involving the company's common stock.
- Ms. Brubaker disposed of 959 shares at a price of $42.37 per share to cover taxes due on vested restricted stock units.
- Following the transaction, Ms. Brubaker directly owns 38,863 shares of WSFS Financial Corp common stock.
- Ms. Brubaker also indirectly owns 1,949 shares through a 401k.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing related to stock transactions by a company executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. 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 impact on shareholders as it is a routine sale of shares by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| May 8, 2018 | Date of Power of Attorney granted by Lisa M. Brubaker to Charles K. Mosher. |
| April 15, 2024 | Date of the stock transaction (disposal of shares). |
| April 17, 2024 | Date of signature for the Form 4 filing. |
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