other material
confidence high
sentiment neutral
materiality 0.35
WSFS adopts new Executive Leadership Team Incentive Plan; terminates Integration RSU Plan
WSFS FINANCIAL CORP
- New ELTIP includes STI bonuses based on core ROA, ROTCE, EPS growth and a strategic goal, each 25% weighting.
- CEO Rodger Levenson awarded PSUs with max value $1,983,600; CFO Dominic Canuso PSUs max $417,060.
- LTI awards include RSUs vesting over 3 years and PSUs vesting based on cumulative core ROA vs. KRX Index.
- Integration Performance RSU Plan terminated; 20% of awards will performance vest and become service-based.
- Board and Committee approved the changes on February 24, 2022, effective upon execution of termination agreements.