Form 4: WSFS Financial Corp Executive Vice President Reports Stock Transaction
SEC Form 4 Filing
Arthur J. Bacci, Executive Vice President of WSFS Financial Corp, reports the withholding of shares to cover taxes on vested restricted stock units.
Summary
- On March 15, 2024, Arthur J. Bacci, Executive Vice President of WSFS Financial Corp, reported a transaction involving common stock.
- 101 shares were withheld to cover taxes due on vested restricted stock units at a price of $41.91.
- Following the transaction, Bacci directly owns 23,736 shares of common stock and indirectly owns 3,706 shares through a 401k.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing a routine stock transaction. It doesn't convey any particularly 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 stock transactions. It's a standard practice for executives to have shares withheld to cover taxes upon vesting of restricted stock units.
Stakeholder Impact
- The transaction has a minimal impact on shareholders as it involves a small number of shares withheld for tax purposes.
Key Dates
| Date | Description |
|---|---|
| 03/15/2024 | Date of the reported transaction where shares were withheld for taxes. |
| 03/19/2024 | Date of signature on the Form 4 filing. |
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