Form 4: WSFS Financial Corp Executive Vice President Reports Tax Withholding on Vested Restricted Stock Units
SEC Form 4
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 April 15, 2025, Arthur J. Bacci, an Executive Vice President at WSFS Financial Corp, had shares of common stock withheld to cover taxes due on vested restricted stock units.
- A total of 280, 429, 355, and 587 shares were withheld at a price of $47.26 per share.
- Following these transactions, Bacci directly owns 26,366 shares of WSFS Financial Corp common stock and indirectly owns 3,587 shares through a 401k.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions related to tax obligations.
Industry Context
This is a routine disclosure related to executive compensation and tax obligations, common in the financial services industry.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it reflects standard executive compensation practices.
Key Dates
| Date | Description |
|---|---|
| 04/15/2025 | Date of transaction: shares withheld for taxes on vested restricted stock units |
| 04/17/2025 | Date of signature on the report |
Keywords
WSFS Financial Corp, Arthur J. Bacci, Form 4, Executive Vice President, Stock withholding, Restricted stock units, Beneficial ownership, Insider trading
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