The Washington Adoption of Stock Option Plan is a significant aspect of the corporate structure of WSFS Financial Corporation. Established to incentivize employees and align their interests with long-term growth and profitability, this plan is designed to grant stock options to select individuals within the organization. Such plans are commonly implemented by companies to reward and retain talented individuals, offering them the opportunity to purchase company stock at a predetermined price within a specified timeframe. WSFS Financial Corporation, a prominent banking institution, values its employees and recognizes their contributions to the overall success of the company. Through the Washington Adoption of Stock Option Plan, WSFS aims to attract and retain top talent by providing them with an additional form of compensation and ownership in the organization. With the Washington Adoption of Stock Option Plan, WSFS Financial Corporation enables employees to gain a vested interest in the company's performance and growth. By granting stock options, employees have the opportunity to purchase shares of WSFS stock at a specific exercise price during a predetermined period. This allows them to benefit from the potential appreciation of the stock, thereby aligning their long-term interests with those of the company's shareholders. It's important to note that there might be variations or different types of the Washington Adoption of Stock Option Plan within WSFS Financial Corporation. These variations could include, but are not limited to: 1. Employee Stock Option Plan (ESOP): This type of plan grants stock options exclusively to employees of WSFS Financial Corporation. It aims to incentivize employees, fostering a sense of ownership and loyalty towards the company. 2. Director Stock Option Plan: This category of the plan targets directors of WSFS Financial Corporation, providing them with stock option grants. Directors play a crucial role in shaping the company's strategic decisions, and the plan acknowledges their contributions. 3. Executive Stock Option Plan: Reserved for top-level executives within WSFS Financial Corporation, this plan offers stock options as a part of their compensation package. Executives bear significant responsibilities, and this plan incentivizes them to drive the organization toward success. The Washington Adoption of Stock Option Plan reflects WSFS Financial Corporation's commitment to recognizing and rewarding the efforts of its employees. By implementing this plan, the company aims to foster a culture of ownership, incentivize high performance, and drive the long-term success of the organization.
Washington Adoption of Stock Option Plan of WSFS Financial Corporation
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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.
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.
The option plan must be approved by the stockholders within 12 months before or after the plan is adopted (see also Explanation: §423, Shareholder Approval Requirement) (IRC § 422(b)(1); Reg. §1.422-3).