The Maryland Stock Option Plan of WSFS Financial Corporation is a comprehensive employee benefits program offered by the company. As an employer-based stock option plan, it allows employees to purchase company stock at a predetermined price, boosting their motivation, commitment, and alignment with the organization's success. These stock options grant employees the right to buy a specified number of shares in WSFS Financial Corporation at a set exercise price within a specific timeframe. The Maryland Stock Option Plan provides several types of options to eligible employees. The most common type is the Non-Qualified Stock Option (NO). Nests are available to all employees, providing the flexibility to purchase company stock with after-tax dollars. Another type of option is the Incentive Stock Option (ISO). SOS are granted to key employees and offer tax advantages by allowing them to buy company stock at a predetermined price without incurring immediate tax liability. Additionally, the Maryland Stock Option Plan includes Restricted Stock Units (RSS) as another form of compensation. RSS grant employees the right to receive shares of company stock upon meeting certain vesting requirements. Unlike stock options, RSS do not have an exercise price, but the shares are granted to employees directly. Employees participating in the Maryland Stock Option Plan have the opportunity to accrue company stock over time, benefiting from its potential appreciation. This program serves as a powerful tool to attract and retain top talent while fostering a sense of ownership among employees. It aligns their interests with the company's long-term success and encourages them to actively contribute to WSFS Financial Corporation's growth and profitability. In conclusion, the Maryland Stock Option Plan of WSFS Financial Corporation is a versatile employee benefits program that grants employees the opportunity to purchase company stock at a predetermined price. It includes various types of options such as Non-Qualified Stock Options and Incentive Stock Options, as well as Restricted Stock Units. This comprehensive plan plays a crucial role in enhancing employee engagement, motivation, and loyalty, contributing to the overall success of WSFS Financial Corporation.
Maryland Stock Option Plan of WSFS Financial Corporation
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What Is an Example of an ESOP? Consider an employee who has worked at a large tech firm for five years. Under the company's ESOP, they have the right to receive 20 shares after the first year, and 100 shares total after five years. When the employee retires, they will receive the share value in cash.
WSFS common stock is traded on the NASDAQ stock exchange under the symbol WSFS.
What Is an Example of an ESOP? Consider an employee who has worked at a large tech firm for five years. Under the company's ESOP, they have the right to receive 20 shares after the first year, and 100 shares total after five years. When the employee retires, they will receive the share value in cash.
With stock-based compensation, employees in an early-stage business are offered stock options in addition to their salaries. The percentage of a company's shares reserved for stock options will typically vary from 5% to 15% and sometimes go up as high as 20%, depending on the development stage of the company.