The Pennsylvania Adoption of Stock Option Plan is a program implemented by WSFS Financial Corporation, a leading financial institution in Pennsylvania. This plan aims to provide employees with the opportunity to acquire company stock options as part of their compensation package, promoting employee ownership and aligning their interests with those of the corporation. Under the Pennsylvania Adoption of Stock Option Plan, eligible employees are granted the right to purchase a specified number of company stocks at a predetermined price, known as the exercise price. These options usually have a set vesting period, during which employees must wait before they can exercise their options and acquire the underlying shares. One type of Pennsylvania Adoption of Stock Option Plan offered by WSFS Financial Corporation is the incentive stock option (ISO). These options are typically granted to key employees and provide certain tax advantages. To qualify for the tax benefits, employees must meet specific holding requirements. Another type of stock option plan is the non-qualified stock option (NO). Unlike SOS, SOS do not provide any special tax treatment but offer more flexibility in terms of eligibility and exercise requirements. SOS are often granted to a broader range of employees, including consultants and directors. The Pennsylvania Adoption of Stock Option Plan of WSFS Financial Corporation allows employees to benefit from the potential growth of the company's stock price. As the stock price appreciates, employees can exercise their options and purchase shares at the predetermined exercise price, realizing a profit. However, it is crucial to note that the value of stock options is subject to market fluctuations and can result in financial losses as well. WSFS Financial Corporation remains committed to the success of its employees, and the Pennsylvania Adoption of Stock Option Plan is just one of the many ways the company fosters a positive and rewarding work environment. By offering stock options, WSFS Financial Corporation aims to incentivize employee performance, foster loyalty, and align the interests of its workforce with the long-term success of the corporation. In conclusion, the Pennsylvania Adoption of Stock Option Plan of WSFS Financial Corporation is a comprehensive program that provides eligible employees with the opportunity to acquire company stock options. The plan includes different types of stock options, such as incentive stock options (SOS) and non-qualified stock options (SOS). By participating in this plan, employees can potentially benefit from stock price appreciation, aligning their interests with those of the company and enhancing their overall compensation package.
Pennsylvania Adoption of Stock Option Plan of WSFS Financial Corporation
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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.
WSFS common stock is traded on the NASDAQ stock exchange under the symbol WSFS.
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.