BACCI ARTHUR J 4
4 · WSFS FINANCIAL CORP · Filed Feb 27, 2026
Research Summary
AI-generated summary of this filing
WSFS EVP Arthur Bacci Receives Award of 9,568 Shares
What Happened
Arthur J. Bacci, EVP and COO of WSFS Financial Corporation (WSFS), received awards on Feb 26, 2026 that resulted in the acquisition of 9,568 shares at $66.38 each (total value ~$635,124). Of those, 5,370 shares (value $356,461) were performance-based restricted share units (PSUs) that vested following a 76% performance determination; 2,427 shares (value $161,104) were withheld to cover taxes. Separately, 4,198 shares (value $278,663) were granted as restricted stock units (RSUs) subject to a multi-year vesting schedule.
Key Details
- Transaction date: 2026-02-26; Form filed 2026-02-27 (timely).
- Prices and values: $66.38 per share; 5,370 shares = $356,461; 4,198 shares = $278,663; 2,427 shares withheld = $161,104.
- Net shares delivered to Bacci after tax withholding: 9,568 acquired − 2,427 withheld = 7,141 shares.
- Footnotes: F1 — 76% performance payout on PSUs issued 2/23/2023 (PSUs convert 1:1 to shares). F2 — shares withheld for taxes. F3 — the RSU grant vests in three annual 33% increments (first vest 4/15/2027, final 4/15/2029). F4 — any PSUs still under assessment will be reported separately.
- Shares owned after transaction: not disclosed in the provided filing.
Context
This is primarily an award/vesting event (not an open-market buy or sale). The PSU portion reflects a performance determination over a three-year period (ending 12/31/2025). The tax-related disposition (F code) is routine withholding to satisfy tax obligations on vested equity. Such awards are common compensation actions and are informational rather than direct market bets by the insider.
Insider Transaction Report
- Award
Common Stock
[F1]2026-02-26$66.38/sh+5,370$356,461→ 31,736 total - Tax Payment
Common Stock
[F2]2026-02-26$66.38/sh−2,427$161,104→ 29,309 total - Award
Common Stock
[F3][F4]2026-02-26$66.38/sh+4,198$278,663→ 33,507 total
- 3,723(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.