Burg David 4
Research Summary
AI-generated summary
WSFS CFO David Burg Receives 3,975-Share RSU Award
What Happened
- David Burg, Executive Vice President and Chief Financial Officer of WSFS Financial Corp (WSFS), was granted 3,975 restricted stock units (RSUs) on February 26, 2026.
- Grant price/equivalent reported at $66.38 per share, for a total grant value of $263,861. This was an award/acquisition (not a sale).
Key Details
- Transaction date: 2026-02-26; Form 4 filed 2026-02-27 (timely filing).
- Transaction type/code: A — Award/Acquisition of RSUs.
- Grant size: 3,975 RSUs at $66.38 each; total reported value $263,861.
- Vesting: time-based vesting over 3 years in ~33% increments; first vesting on 4/15/2027, final vesting on 4/15/2029 (Footnote F1).
- Additional note (F2): This filing does not include any performance-based RSUs, if any exist; those will be reported separately once performance is assessed.
- Shares owned after transaction: not specified in the provided filing excerpt.
Context
- These RSUs are a compensation award and will vest over time; they are not an immediate sale or cash exercise. Such grants are common executive compensation and do not by themselves indicate a buy/sell market signal.