BRUBAKER LISA M 4

What Happened

• Lisa M. Brubaker, EVP and Chief Human Resources Officer of WSFS Financial Corp (WSFS), received a total of 8,219 shares as the settlement of performance-based restricted share units (PSUs) on February 26, 2026. The PSUs were settled at $66.38 per share for a gross value of $545,578.
• To cover tax obligations, 2,334 shares were withheld (disposed) at the same $66.38 price for a withholding value of $154,931, leaving a net increase of 5,885 shares and a net value of approximately $390,647 to Brubaker’s holdings.
• These were awards (not open-market purchases or option exercises); awards reflect company compensation tied to performance metrics, not a market trade signal.

Key Details

• Transaction date: 2026-02-26; per-share price: $66.38.
  • Grant/Award: 5,165 shares ($342,853)
  • Share withholding for taxes (disposition): 2,334 shares ($154,931)
  • Additional Grant/Award: 3,054 shares ($202,725)
• Net shares added: 8,219 acquired − 2,334 withheld = 5,885 net shares.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes of note:
  • F1: PSUs were issued Feb 23, 2023; performance for the three-year period ended 12/31/2025 was measured at 76% (each PSU equals one share).
  • F2: The 2,334-share disposition represents shares withheld to cover taxes.
  • F3: Remaining vesting schedule noted as 3-year vesting in 33% increments (first vest 4/15/2027, final 4/15/2029) per the filing.
  • F4: Filing notes any additional PSUs still under assessment will be reported on a future Form 4.
• Filing timeliness: Report filed 2026-02-27 for transactions on 2026-02-26 (appears timely).

Context

• PSUs are performance-based awards: the 76% performance result produced a partial payout of the original award rather than a full grant.
• Withholding of shares for taxes is routine and should not be interpreted as an open-market sale decision.
• This report documents compensation-related equity settlement rather than an insider buying or selling stock in the market.