LEVENSON RODGER 4

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.