The Virginia Adoption of Stock Option Plan of WSFS Financial Corporation is a comprehensive program designed to provide eligible employees of the company with the opportunity to acquire and own stock in the corporation. This plan offers employees the benefit of purchasing company stock at a predetermined price within a specified period. Under the Virginia Adoption of Stock Option Plan, employees are granted stock options as a form of compensation. These stock options carry the right to purchase a certain number of shares of WSFS Financial Corporation stock at a predetermined price, often referred to as the exercise price or strike price. The exercise price is generally set at the fair market value of the stock on the date the option is granted. The primary purpose of the Virginia Adoption of Stock Option Plan is to align the interests of the employees with those of the shareholders. By offering stock options, the plan aims to incentivize employees to contribute to the growth and success of the company, ultimately increasing shareholder value. This encourages a sense of ownership and long-term commitment among employees. There are various types of stock options that may be included in the Virginia Adoption of Stock Option Plan. These may include: 1. Non-Qualified Stock Options (Nests): These stock options do not meet the requirements for special tax treatment. When an employee exercises their options, they are subject to ordinary income tax on the difference between the exercise price and the fair market value of the stock at the time of exercise. 2. Incentive Stock Options (SOS): These stock options are eligible for certain tax benefits. If specific conditions are met, such as holding the stock options for a specified period, employees can potentially qualify for more favorable tax treatment upon exercise and sale of the stock. 3. Restricted Stock Units (RSS): While not technically options, RSS are another form of equity-based compensation. RSS represents a right to receive shares of stock at a future date, usually subject to certain vesting conditions or performance-based metrics. It is important to note that the terms and conditions of the Virginia Adoption of Stock Option Plan may vary depending on the specific details outlined in the plan documents. Employees are encouraged to carefully review these documents to fully understand the rights, limitations, and potential benefits associated with the stock option grants. In summary, the Virginia Adoption of Stock Option Plan of WSFS Financial Corporation is a valuable compensation program that provides employees with an opportunity to share in the success of the company. By offering stock options, WSFS Financial Corporation aims to motivate and retain talented employees while aligning their interests with the overall success of the corporation. Different types of stock options, such as non-qualified options, incentive stock options, and restricted stock units, may be included in this plan, each with its own set of tax implications and conditions.
Virginia Adoption of Stock Option Plan of WSFS Financial Corporation
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However, when you sell an option?or the stock you acquired by exercising the option?you must report the profit or loss on Schedule D of your Form 1040. If you've held the stock or option for one year or less, your sale will result in a short-term gain or loss, which will either add to or reduce your ordinary income. How to Report Stock Options on Your Tax Return - TurboTax - Intuit intuit.com ? investments-and-taxes ? how... intuit.com ? investments-and-taxes ? how...
WSFS common stock is traded on the NASDAQ stock exchange under the symbol WSFS. Resources - Investor FAQs | WSFS Financial Corporation WSFS Investor Relations ? investor-faq WSFS Investor Relations ? investor-faq
WSFS Financial Corporation is a financial services company. Its primary subsidiary, WSFS Bank, a federal savings bank, is the largest and longest-standing locally managed bank and trust company headquartered in Delaware and the Greater Delaware Valley.
WSFS Financial Corp: Competitors Wells Fargo & Co Headquarters. 233,834. $82.9B. The Charles Schwab Corp Headquarters. 36,600. $22.3B. M&T Bank Corp Headquarters. 22,210. $8.6B. Fulton Financial Corp Headquarters. 3,300. $1.1B.
WSFS celebrated its 35th year of being a publicly traded company with Chairman, President and CEO Rodger Levenson, joined by members of the executive leadership team, Associates and friends of WSFS, ringing The Nasdaq Stock Market Opening Bell.