Form 4: WSFS Financial Corp Executive Stephen P. Clark Reports Stock Option Exercises and Sales
SEC Form 4
EVP Stephen P. Clark of WSFS Financial Corp reports exercising stock options and selling shares on July 30, 2024.
Summary
- On July 30, 2024, Stephen P. Clark, an Executive Vice President at WSFS Financial Corporation, executed transactions involving the company's stock.
- Clark exercised employee stock options to acquire 2,769 shares at $36.11 and 9,894 shares at $36.11.
- Simultaneously, Clark sold 9,894 shares at a weighted average price of $56.4557 and 2,769 shares at a weighted average price of $56.7295.
- Following these transactions, Clark directly owns 25,671 shares and indirectly owns 2,406 shares through a 401k.
- Clark also continues to hold employee stock options for various amounts of shares at exercise prices ranging from $43.28 to $51.84.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company executives.
Comparison to Industry Standards
- Executive compensation packages often include stock options to align management's interests with those of shareholders.
- The exercise and sale of shares by executives are typical occurrences and are usually based on personal financial planning.
- Similar transactions are regularly reported by executives at comparable financial institutions.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely negligible.
Key Dates
| Date | Description |
|---|---|
| 04/15/2019 | Date exercisable for Employee Stock Option (Right to buy) at $48.4 expiring on 02/22/2025 |
| 04/15/2020 | Date exercisable for Employee Stock Option (Right to buy) at $43.28 expiring on 02/28/2026 |
| 04/15/2021 | Date exercisable for Employee Stock Option (right to buy) at $36.11 expiring on 02/27/2027 |
| 04/15/2022 | Date exercisable for Employee Stock Option (right to buy) at $51.84 expiring on 03/03/2028 |
| 07/30/2024 | Date of stock option exercise and stock sale transactions. |
| 08/01/2024 | Date of Form 4 signature. |
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