Texas Stock Option Plan of WSFS Financial Corporation

State:
Multi-State
Control #:
US-CC-18-352B
Format:
Word; 
Rich Text
Instant download

Description

18-352B 18-352B . . . Stock Option Plan under which committee appointed by Board of Directors can grant (a) Incentive Stock Options, (b) Non-qualified Stock Options, (c) Stand-alone or Tandem Stock Appreciation Rights, and (d) Phantom Stock (which entitles recipient to receive in cash when share vests, an amount equal to sum of (x) fair market value of a share of stock on date when such share of Phantom Stock vests and (y) aggregate amount of cash dividends paid with respect to a share of stock during period between date share of Phantom Stock was granted and date on which such share vests). Committee has broad discretion at time of making Phantom Stock awards to impose conditions that must be satisfied in order for Phantom Stock to become vested

Texas Stock Option Plan is a type of employee compensation plan offered by WSFS Financial Corporation, a prominent financial services company based in the state of Texas. This plan allows eligible employees of WSFS Financial Corporation to purchase a predetermined number of company stocks at a specific price within a specific timeframe. It is designed to motivate and reward employees for their contributions to the company's success. Under the Texas Stock Option Plan, employees are granted the right to purchase company stocks, known as stock options, at a predetermined exercise price. The exercise price is typically set at the market price of the stock on the grant date or at a discount to encourage employee participation. The stock options are subject to a vesting period, which means they become exercisable in stages over a defined period of time, often years, to ensure employees remain with the company and contribute to its growth. There can be different types of Texas Stock Option Plan offered by WSFS Financial Corporation, tailored to meet the specific needs of the employees and align with the company's objectives. Some common types may include: 1. Non-Qualified Stock Options (Nests): These are stock options that do not meet the requirements of the Internal Revenue Code for special tax treatment. Nests are generally more flexible in terms of granting and exercising options but are subject to ordinary income tax on the difference between the exercise price and the fair market value of the stock at exercise. 2. Incentive Stock Options (SOS): SOS are stock options that meet certain criteria set forth by the Internal Revenue Code, offering potentially favorable tax treatment to employees. SOS are subject to specific holding requirements and tax regulations, which can allow employees to receive capital gains treatment upon the sale of the stock. 3. Restricted Stock Units (RSS): RSS are a form of equity-based compensation in which employees are granted the right to receive actual company stock at a future date. RSS typically vest over time and are settled by delivering company stock to employees upon vesting, subject to certain restrictions or performance-based conditions. The Texas Stock Option Plan is an essential tool for WSFS Financial Corporation to attract, retain, and incentivize talented employees. By offering employees the opportunity to become shareholders and benefit from the company's success, WSFS Financial Corporation promotes a culture of ownership and aligns the interests of employees with those of the company and shareholders.

Free preview
  • Preview Stock Option Plan of WSFS Financial Corporation
  • Preview Stock Option Plan of WSFS Financial Corporation
  • Preview Stock Option Plan of WSFS Financial Corporation
  • Preview Stock Option Plan of WSFS Financial Corporation
  • Preview Stock Option Plan of WSFS Financial Corporation
  • Preview Stock Option Plan of WSFS Financial Corporation
  • Preview Stock Option Plan of WSFS Financial Corporation
  • Preview Stock Option Plan of WSFS Financial Corporation
  • Preview Stock Option Plan of WSFS Financial Corporation
  • Preview Stock Option Plan of WSFS Financial Corporation
  • Preview Stock Option Plan of WSFS Financial Corporation

How to fill out Stock Option Plan Of WSFS Financial Corporation?

You are able to spend hours online trying to find the legitimate file template that suits the federal and state specifications you want. US Legal Forms gives thousands of legitimate forms which are analyzed by specialists. You can actually download or produce the Texas Stock Option Plan of WSFS Financial Corporation from the service.

If you currently have a US Legal Forms profile, you are able to log in and click on the Acquire key. Afterward, you are able to comprehensive, change, produce, or indication the Texas Stock Option Plan of WSFS Financial Corporation. Every legitimate file template you purchase is yours permanently. To acquire an additional copy associated with a acquired develop, check out the My Forms tab and click on the corresponding key.

If you work with the US Legal Forms web site the very first time, stick to the straightforward directions beneath:

  • First, be sure that you have chosen the right file template for that county/town of your choosing. Look at the develop explanation to ensure you have selected the proper develop. If offered, use the Preview key to check with the file template at the same time.
  • If you want to discover an additional variation of the develop, use the Look for area to discover the template that suits you and specifications.
  • When you have identified the template you desire, click on Acquire now to continue.
  • Choose the costs strategy you desire, type in your references, and register for a merchant account on US Legal Forms.
  • Complete the transaction. You should use your bank card or PayPal profile to cover the legitimate develop.
  • Choose the structure of the file and download it for your system.
  • Make changes for your file if needed. You are able to comprehensive, change and indication and produce Texas Stock Option Plan of WSFS Financial Corporation.

Acquire and produce thousands of file themes making use of the US Legal Forms Internet site, which provides the greatest variety of legitimate forms. Use specialist and state-certain themes to handle your company or individual requirements.

Form popularity

FAQ

List of WSFS Bank 's Bryn Mawr Trust acquired by WSFS Bank. ... West Capital Management acquired by WSFS Bank. ... Powdermill Financial Solutions acquired by WSFS Bank. ... Christiana Bank & Trust acquired by WSFS Bank. ... Penn Liberty Bank acquired by WSFS Bank. ... Beneficial Mutual Bancorp acquired by WSFS Bank.

As of September 30, 2023, WSFS Financial Corporation had $20.0 billion in assets on its balance sheet and $77.6 billion in assets under management and administration.

WSFS Bank TypePublicKey peopleRodger Levenson, Chairman, President and CEO Willard Hall, Founder and First PresidentProductsBanking, Wealth ManagementNumber of employees1,838 (December 31, 2020)Websitewsfsbank.com6 more rows

As of September 30, 2023, WSFS Financial Corporation had $20.0 billion in assets on its balance sheet and $77.6 billion in assets under management and administration.

WSFS Bank TypePublicFoundedFebruary 18, 1832HeadquartersWilmington, Delaware, U.S.Area servedDelaware New Jersey Nevada Pennsylvania VirginiaKey peopleRodger Levenson, Chairman, President and CEO Willard Hall, Founder and First President6 more rows

WILMINGTON, Del. --(BUSINESS WIRE)-- WSFS Financial Corporation (NASDAQ: WSFS) (?WSFS?) has completed the merger and brand conversion of Cypress Capital Management and West Capital Management and has renamed the combined entity Bryn Mawr Capital Management, LLC, effective January 1, 2023.

WSFS common stock is traded on the NASDAQ stock exchange under the symbol WSFS.

Interesting Questions

More info

How to fill out Houston Texas Stock Option Plan Of WSFS Financial Corporation? Preparing legal paperwork can be burdensome. In addition, if you decide to ... How to fill out Bexar Texas Stock Option Plan Of WSFS Financial Corporation? Draftwing paperwork, like Bexar Stock Option Plan of WSFS Financial Corporation ...If you are a registered holder of WSFS common stock, you can change your vote at any time before the Annual Meeting by completing and returning a new proxy card ... You may buy or sell WSFS Financial Corporation stock through our Dividend Reinvestment & Direct Stock Purchase Plan via American Stock Transfer or through the ... WSFS is the oldest and largest locally headquartered bank and trust company in the Greater Philadelphia and Delaware region. Our friends call us Wiss Fiss. For WSFS Bank filings directly from the SEC, please access via EDGAR. Date Filing Type Filing Description Download / View. November 03, 2023. Form10-Q. (NASDAQ:WSFS) institutional ownership structure shows current positions in the company by institutions and funds, as well as latest changes in position size. If a company in the list below has a direct stock purchase plan, you can view the Plan Details and download the Enrollment Form by clicking on the Company Name. ... file forms with the Securities and Exchange Commission (the SEC) to report changes in their ownership of WSFS Financial Corporation Common Stock. The forms ... Shares owned by Company employees in the Company's Employee Stock Ownership Plan ("ESOP") on the record date on a fully vested basis will be voted by the ...

Trusted and secure by over 3 million people of the world’s leading companies

Texas Stock Option Plan of WSFS Financial Corporation