BRUBAKER LISA M 4

What Happened

• Lisa M. Brubaker, EVP and CHRO of WSFS Financial Corp., exercised options to acquire 6,809 shares on February 27, 2026. The option strike equaled $43.28 per share (6,809 × $43.28 = $294,694). Instead of paying cash, the company withheld 4,641 shares (valued at the closing price $63.51, totaling approximately $294,750) to cover the exercise price/tax liability, resulting in a net receipt of 2,168 common shares.

Key Details

• Transaction date: February 27, 2026.
• Option exercise: 6,809 shares at $43.28 (total strike cost ≈ $294,694). (Code M)
• Withholding/payment: 4,641 shares withheld at $63.51 (closing price) to cover exercise/taxes (value ≈ $294,750). (Code F)
• Net shares received: 2,168 common shares retained by the insider.
• Footnote: F1 confirms a "net exercise" (cashless/net-settlement) under the 2018 Equity Incentive Plan.
• Filing timeliness: Report filed March 3, 2026 — on-time (within the SEC two-business-day window).

Context

• This was an option exercise with shares withheld to cover the exercise price/taxes (a routine cashless/net exercise), not an open-market sale or purchase. Net share acquisition means the insider retained 2,168 additional shares, but the filing does not state total holdings before/after the transaction. Such exercises are common and do not necessarily signal a change in sentiment.