LEVENSON RODGER 4

What Happened

• Rodger Levenson, President & CEO of WSFS Financial Corp (WSFS), exercised options on Feb 27, 2026 to purchase 12,991 shares at $43.28 per share (total exercise cost $562,250). The company withheld 10,015 of those underlying shares to cover the exercise price/tax withholding using the closing price of $63.51, resulting in a net issuance of 2,976 shares to Levenson (market value ≈ $189,006 at $63.51). The filing shows the standard option exercise entries (transaction codes M for exercise and F for withholding).

Key Details

• Transaction date: 2026-02-27; Form 4 filed: 2026-03-03 (timely — within required reporting window).
• Option exercise: 12,991 shares exercised at $43.28 → total exercise cost $562,250.
• Withholding/tax disposition: 10,015 shares withheld at $63.51 → $636,053 used to cover exercise price/taxes.
• Net shares received: 2,976 common shares (≈ $189,006 using $63.51 closing price).
• Shares owned after transaction: Not specified in the filing.
• Footnote: F1 clarifies this was a “net exercise” under the 2018 Equity Incentive Plan (shares were withheld to cover the exercise price).
• Transaction codes: M = option exercise; F = tax withholding/share withholding.

Context

• This was a net (cashless) option exercise — the company withheld shares to satisfy the exercise price and tax obligations rather than the insider paying cash or selling shares on the open market. Net exercises are common and routine for option holders; they do not necessarily signal a buy/sell opinion on the stock.