The Montana Adoption of Stock Option Plan is an incentive program implemented by WSFS Financial Corporation, a reputable financial institution, to attract and retain talented employees by offering them the opportunity to purchase company stock at a predetermined price within a specified period. This plan plays a crucial role in motivating employees to contribute to the corporation's growth and success by aligning their interests with the company's performance. The Montana Adoption of Stock Option Plan is designed to provide employees with a sense of ownership by granting them stock options, which are essentially the right to purchase a certain number of company shares at a specified price (known as the exercise price or strike price). These options typically have a vesting period, which means that employees need to fulfill specific criteria, such as remaining employed for a certain period of time, before they can exercise their options. By participating in this plan, employees gain the opportunity to benefit from the potential appreciation of WSFS Financial Corporation's stock over time. If the stock price rises above the exercise price, employees can purchase the shares at a discount and potentially sell them at a profit later on. This can serve as a valuable additional source of compensation and a strong incentive to contribute to the company's growth, as employees share in the financial rewards associated with their efforts. The Montana Adoption of Stock Option Plan may have different types or variations that cater to the specific needs and preferences of WSFS Financial Corporation and its employees. Some of these variations may include: 1. Non-Qualified Stock Option Plan: This type of stock option plan does not meet the requirements for special tax treatment. Although employees are granted stock options, they may be subject to regular 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 Option Plan: This type of stock option plan meets specific requirements outlined by the Internal Revenue Service (IRS) and offers potential tax advantages. Employees granted incentive stock options may have the possibility of being taxed at the more favorable long-term capital gains rates upon exercising and selling their shares. 3. Restricted Stock Unit (RSU) Plan: Instead of granting employees stock options, this type of plan awards restricted stock units. RSS represents the promise to deliver a specified number of shares upon the satisfaction of certain vesting conditions. Once these conditions are met, employees may receive actual shares or their cash equivalent. Overall, the Montana Adoption of Stock Option Plan of WSFS Financial Corporation is an important employee incentive program that aims to foster a sense of ownership, provide additional compensation opportunities, and align the interests of employees with the overall success of the company. By implementing various types and variations of the plan, WSFS Financial Corporation can tailor its offerings to meet the specific needs and goals of its workforce.
Montana 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 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.
A stock option plan is a mechanism for affording selected employees and executives or managers of a company the opportunity to acquire stock in their company at a price determined at the time the options are granted and fixed for the term of the options. STOCK OPTION PLAN - SEC.gov sec.gov ? Archives ? edgar ? data sec.gov ? Archives ? edgar ? data
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.