The Indiana Adoption of Stock Option Plan of WSFS Financial Corporation is a comprehensive equity compensation program designed to attract, motivate, and retain talented employees. This plan provides employees of WSFS Financial Corporation, a prominent banking and financial services company based in Indiana, the opportunity to acquire and own shares of company stock at predetermined prices. WSFS Financial Corporation offers three types of stock option plans under the Indiana Adoption of Stock Option Plan: 1. Incentive Stock Options (SOS): SOS are granted exclusively to employees and provide certain tax advantages. Employees can purchase company stock at a predetermined price known as the exercise price, which is typically set equal to the fair market value of the stock on the date of grant. SOS typically have specific vesting schedules to ensure employees remain with the company for a certain period before exercising their options. 2. Non-Qualified Stock Options (Nests): Nests are granted to a broader scope of individuals, including non-employees such as consultants and directors. Unlike SOS, Nests do not possess the same tax advantages but offer more flexibility in terms of pricing and vesting. Generally, the exercise price for Nests is lower than the fair market value on the grant date, enabling individuals to potentially profit from the stock's appreciation over time. 3. Restricted Stock Units (RSS): RSS are an alternative form of equity compensation where employees receive virtual shares rather than actual shares until the vesting conditions are met. Once the vesting conditions are satisfied, RSS convert into regular shares of company stock. RSS tend to have time-based or performance-based vesting criteria that align with company goals and objectives, promoting long-term commitment and performance excellence among employees. The Indiana Adoption of Stock Option Plan administered by WSFS Financial Corporation aims to provide employees with a meaningful stake in the company's success while fostering a culture of ownership. This comprehensive program allows employees to benefit from the potential growth of the company, encouraging them to contribute their best efforts and align their interests with shareholders.
Indiana Adoption of Stock Option Plan of WSFS Financial Corporation
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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 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 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 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.