Form 4: WSFS Financial Corp Executive Stephen P. Clark Reports Stock Transaction
SEC Form 4 Filing
EVP Stephen P. Clark of WSFS Financial Corp reports disposition of shares to cover taxes on vested restricted stock units.
Summary
- On March 15, 2024, Stephen P. Clark, an Executive Vice President at WSFS Financial Corp, reported a transaction involving the company's common stock.
- A total of 141 shares were disposed of at a price of $41.91 per share to cover taxes due on vested restricted stock units.
- Following the transaction, Clark directly owns 30,438 shares of WSFS Financial Corp common stock.
- Clark also indirectly owns 2,406 shares through a 401k.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing a stock transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities. It is a standard practice for executives to sell shares to cover tax obligations related to vesting equity awards.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it is a small number of shares being sold by an executive to cover tax obligations.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of the stock transaction (disposal of shares). |
| 03/19/2024 | Date of signature for the Form 4 filing. |
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