Davis Christine Elizabeth 4

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.