Davis Christine Elizabeth 4
4 · WSFS FINANCIAL CORP · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
WSFS EVP Christine Davis Receives Awarded Shares (PSUs)
What Happened
Christine Elizabeth Davis, Executive Vice President and Chief Risk Officer of WSFS Financial Corp (WSFS), received the final payout on performance-based restricted stock units (PSUs) on Feb 26, 2026. The award resulted in two acquisitions: 4,754 shares ($315,571) and 2,820 shares ($187,192), totaling 7,574 shares valued at about $502,763. To cover taxes due on the vested PSUs, 2,149 shares were withheld (disposed) valued at $142,651, leaving a net of 5,425 shares retained (net value ≈ $360,112). PSUs convert one-for-one to common shares.
Key Details
- Transaction date: February 26, 2026; reported on Form 4 filed Feb 27, 2026 (filed the next business day).
- Price used for reporting: $66.38 per share.
- Shares acquired: 7,574 shares (4,754 + 2,820) — total reported value ≈ $502,763.
- Shares withheld for taxes: 2,149 shares (value reported $142,651) — tax withholding (code F).
- Net shares retained after withholding: 5,425 shares (net value ≈ $360,112).
- Footnotes of note:
- F1: The 76% performance level refers to PSUs issued Feb 23, 2023 and is the final determination for the three-year performance period ended Dec 31, 2025.
- F2: Shares withheld to cover taxes on vested PSUs.
- F3: Indicates a 3-year vesting schedule (33% increments) with first vesting 4/15/2027 and final vesting 4/15/2029.
- F4: Does not include any PSUs still pending performance assessment; such holdings will be reported when assessed.
Context
- These transactions reflect issuance/settlement of performance-based RSUs (an acquisition), not an open-market purchase or exercise of an option. The withholding of shares to cover taxes is routine and reported as a disposition.
- No indication of trading under a 10b5-1 plan or of a sale for cash beyond the tax withholding was reported.
- Filing timing: Form 4 was filed one business day after the transaction date, which is generally timely.
Insider Transaction Report
Form 4
Davis Christine Elizabeth
EVP, Chief Risk Officer
Transactions
- Award
Common Stock
[F1]2026-02-26$66.38/sh+4,754$315,571→ 14,432 total - Tax Payment
Common Stock
[F2]2026-02-26$66.38/sh−2,149$142,651→ 12,283 total - Award
Common Stock
[F3][F4]2026-02-26$66.38/sh+2,820$187,192→ 15,103 total
Holdings
- 2,902(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.
Signature
/s/ Christine E. Davis by Michael Griffe, Attorney-in-Fact|2026-02-27