secwatch.observer — SEC 8-K summary
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Issuer:     WSFS FINANCIAL CORP (WSFS)
CIK:        0000828944
Form:       8-K
Filed at:   2022-03-02T23:59:59+00:00
Accession:  0001628280-22-004714
Event type: other_material
Sentiment:  neutral
Materiality: 0.35
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

WSFS adopts new Executive Leadership Team Incentive Plan; terminates Integration RSU Plan
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/828944/000162828022004714/0001628280-22-004714-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/828944/000162828022004714/wsfs-20220224.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-004714

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer