LEVENSON RODGER 4
4 · WSFS FINANCIAL CORP · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
WSFS CEO Rodger Levenson Receives 46,908-Share Award
What Happened
Rodger Levenson, President & CEO of WSFS Financial Corp (WSFS), received the settlement of performance-based restricted share units (PSUs) on 2026-02-26. Two awards converted to a total of 46,908 shares at an effective value of $66.38 per share (31,245 shares = $2,074,043; 15,663 shares = $1,039,710; total value ≈ $3,113,753). To cover tax withholding on the vested PSUs, 14,744 shares were withheld (disposed) for $978,707, leaving a net receipt of 32,164 shares valued at about $2,135,046.
Key Details
- Transaction date: 2026-02-26; Form 4 filed 2026-02-27 (timely filing).
- Codes: A = award/acquisition (46,908 shares); F = shares withheld for taxes (14,744 shares).
- Price used for valuation: $66.38 per share.
- Values: Awards ≈ $3,113,753 total; withholding ≈ $978,707; net value ≈ $2,135,046.
- Shares owned after transaction: Not specified in the supplied summary — see the Form 4 for total holdings.
- Relevant footnotes:
- F1: PSUs issued 2/23/2023 were assessed at 76% of target for the 3-year performance period ending 12/31/2025; each PSU converts to one share.
- F2: Shares were withheld to cover taxes due on vested PSUs.
- F3: The filing also references a 3-year vesting schedule (33% increments) with first vesting 4/15/2027 and final vesting 4/15/2029.
- F4: The filing excludes any PSUs still awaiting performance assessment; any such holdings will be reported later.
Context
This was not an open-market buy or sale by the CEO but the settlement of performance awards (PSUs) based on a completed performance period — a typical executive compensation event. The share withholding is a routine tax-withholding mechanism (not a market sale for diversification). For a complete picture of Levenson’s current holdings and any other outstanding awards, review the full Form 4 filing.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-26$66.38/sh+31,245$2,074,043→ 194,528 total - Tax Payment
Common Stock
[F2]2026-02-26$66.38/sh−14,744$978,707→ 179,784 total - Award
Common Stock
[F3][F4]2026-02-26$66.38/sh+15,663$1,039,710→ 195,447 total
- 1,917(indirect: By 401(k))
Common Stock
Footnotes (4)
- [F1]On February 26, 2026, the reporting person achieved a performance level of 76% on an award of performance-based restricted share units ("PSUs") issued on February 23, 2023. This performance level represents the final determination of the PSU during the three-year period ended December 31, 2025. Each PSU represents one share of WSFS Financial Corporation common stock.
- [F2]Represents shares withheld to cover taxes due on vested PSUs.
- [F3]3 year vest (33% increments) with first vesting date of 4/15/2027 and final vesting date of 4/15/2029.
- [F4]Does not include PSUs, if any, held by the Reporting Person for which an assessment has not yet been made regarding the achievement of the applicable performance goals. Any such holding will be reported on a Form 4 within two business days of that date such assessment is made.