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0000828944DEF 14AFalseiso4217:USDwsfs:pure00008289442025-01-012025-12-3100008289442024-01-012024-12-3100008289442023-01-012023-12-3100008289442022-01-012022-12-3100008289442021-01-012021-12-31000082894412025-01-012025-12-310000828944wsfs:AmountDeductedForAggregateChangeInActuarialPresentValueFromSctMemberecd:PeoMember2025-01-012025-12-310000828944wsfs:AmountDeductedForAggregateChangeInActuarialPresentValueFromSctMemberecd:NonPeoNeoMember2025-01-012025-12-310000828944wsfs:AmountDeductedForGrantDateValuesInSctMemberecd:PeoMember2025-01-012025-12-310000828944wsfs:AmountDeductedForGrantDateValuesInSctMemberecd:NonPeoNeoMember2025-01-012025-12-310000828944wsfs:AmountIncludedForYearendFairValueOfUnvestedAwardsGrantedInCurrentYearMemberecd:PeoMember2025-01-012025-12-310000828944wsfs:AmountIncludedForYearendFairValueOfUnvestedAwardsGrantedInCurrentYearMemberecd:NonPeoNeoMember2025-01-012025-12-310000828944wsfs:AmountIncludedOrForYearoveryearDifferenceOfYearendFairValuesForUnvestedAwardsGrantedInPriorYearsMemberecd:PeoMember2025-01-012025-12-310000828944wsfs:AmountIncludedOrForYearoveryearDifferenceOfYearendFairValuesForUnvestedAwardsGrantedInPriorYearsMemberecd:NonPeoNeoMember2025-01-012025-12-310000828944wsfs:AmountIncludedOrForFairValuesAtVestDateForAwardsGrantedAndVestedInCurrentYearMemberecd:PeoMember2025-01-012025-12-310000828944wsfs:AmountIncludedOrForFairValuesAtVestDateForAwardsGrantedAndVestedInCurrentYearMemberecd:NonPeoNeoMember2025-01-012025-12-310000828944wsfs:AmountIncludedOrForDifferenceInFairValuesBetweenPriorYearEndFairValuesAndVestDateFairValuesForAwardsGrantedInPriorYearsMemberecd:PeoMember2025-01-012025-12-310000828944wsfs:AmountIncludedOrForDifferenceInFairValuesBetweenPriorYearEndFairValuesAndVestDateFairValuesForAwardsGrantedInPriorYearsMemberecd:NonPeoNeoMember2025-01-012025-12-310000828944wsfs:AmountIncludedForForfeituresDuringCurrentYearEqualToPriorYearEndFairValueMemberecd:PeoMember2025-01-012025-12-310000828944wsfs:AmountIncludedForForfeituresDuringCurrentYearEqualToPriorYearEndFairValueMemberecd:NonPeoNeoMember2025-01-012025-12-310000828944wsfs:TotalAdjustmentsMemberecd:PeoMember2025-01-012025-12-310000828944wsfs:TotalAdjustmentsMemberecd:NonPeoNeoMember2025-01-012025-12-31000082894422025-01-012025-12-31000082894432025-01-012025-12-31
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A
Proxy Statement Pursuant to Section 14(a) of the Securities
Exchange Act of 1934 (Amendment No. )
Filed by the Registrant  Filed by a Party other than the Registrant
Check the appropriate box:
Preliminary Proxy Statement
CONFIDENTIAL, FOR USE OF THE COMMISSION ONLY (AS PERMITTED BY RULE 14a-6(e)(2))
Definitive Proxy Statement
Definitive Additional Materials
Soliciting Material Under Rule 14a-12
WSFS FINANCIAL CORPORATION
(Name of Registrant as Specified In Its Charter)
(Name of Person(s) Filing Proxy Statement, if Other than the Registrant)
Payment of Filing Fee (Check the appropriate box):
No fee required.
Fee paid previously with preliminary materials.
Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.
MISSION DRIVEN | FUTURE FOCUSED
end portion.jpg
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2026 PROXY STATEMENT
AND NOTICE OF
2026 ANNUAL MEETING
OF STOCKHOLDERS
WSFS Bank 2026 Proxy Statement
i
wsfs_financial_corporation_color.jpg
Notice of 2026 Annual Meeting of Stockholders
You are cordially invited to attend the WSFS Financial Corporation (the "Company", "WSFS", "our" or "we") 2026
Annual Meeting of Stockholders (the "Annual Meeting"), to be held virtually:
 
 
 
 
 
 
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WHEN
4:00 P.M. ET
May 14, 2026
 
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LIVE WEBCAST
Register at https://web.viewproxy.com/
wsfs/2026 and click the link provided in your
registration confirmation.
 
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RECORD DATE
You may vote if you were a
stockholder of record at the
close of business on March 20,
2026 (the "Record Date").
 
Items of Business
 
PROPOSAL 1
Election of Directors. To elect three director nominees to our Board of Directors to serve for a three-year term.
 
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PROPOSAL 2
Advisory Vote on Executive Compensation. To approve, on an advisory (non-binding) basis, the compensation of the Company’s named
executive officers ("NEOs").
 
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PROPOSAL 3
Ratification of the Appointment of the Independent Registered Public Accounting Firm. To ratify the appointment of KPMG LLP as our
independent registered public accounting firm for the fiscal year ending December 31, 2026.
 
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Other Business: To consider and act upon such other business and matters or proposals as may properly come before the Annual Meeting or any
adjournments or postponements thereof. As of the date of this notice, our Board of Directors knows of no other matters that may be brought before
stockholders at the Annual Meeting.
 
Your Vote is Important
We encourage all stockholders to vote your shares in advance of the Annual Meeting using one of the voting methods described in the
proxy materials, which you can access at https://web.viewproxy.com/wsfs/2026. In order to attend the Annual Meeting, you must
register at https://web.viewproxy.com/wsfs/2026 by 11:59 P.M. ET on May 11, 2026. On the day of the Annual Meeting, if you have
properly registered, you may enter the meeting by clicking on the link provided in your registration confirmation. You will be able to listen
to the Annual Meeting live, submit questions and vote. Further instructions on how to attend and vote at the Annual Meeting are
contained in the section titled “Meeting and Other Information.”
 
Sincerely,
Roger Levenson2_sig.jpg
Rodger Levenson
Chairman, President, and Chief Executive Officer
 
Whether or not you plan to attend the Annual Meeting, please vote as soon as possible to make
sure that your shares are represented at the Annual Meeting.
WSFS Bank 2026 Proxy Statement
ii
How to Cast Your Vote
Your shares cannot be counted unless you vote by any of these methods:
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BY INTERNET
Visit www.aalvote.com/WSFS.
 
 
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BY  TELEPHONE
Call toll-free to 1 (866) 804-9616.
 
 
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BY MAIL
Complete, sign and date the proxy card and mail it in the enclosed postage-paid envelope. Proxy cards submitted by mail
must be received by May 13, 2026.
 
Beneficial Owners
 
If your shares are held in “street name”, you should check with your bank, broker or other agent and follow the voting procedures
required by your bank, broker or other agent to vote your shares.
Each stockholder who attends the Annual Meeting virtually will need the control number that appears on the materials sent to you.
 
Notice of Internet Availability of Proxy Materials
 
In accordance with rules adopted by the Securities and Exchange Commission, except for stockholders who have requested
otherwise, we have mailed to our stockholders a Notice of Internet Availability of Proxy Materials ("Notice of Internet Availability").
The Notice of Internet Availability provides instructions either for accessing our proxy materials, including the Proxy Statement, and the
2025 Annual Report to Stockholders, which includes our Annual Report on Form 10-K for the year ended December 31, 2025 (the
"Proxy Materials"), at the website address referred to in the Notice of Internet Availability, or for requesting printed copies of the proxy
materials by mail or electronically by email.
If you would like to receive a paper or email copy of our proxy materials either for this Annual Meeting or for all future meetings, you
should follow the instructions for requesting such materials included in the Notice of Internet Availability we mailed to you.
Our Board of Directors provided the Notice of Internet Availability and is making the proxy materials available to you in connection with
the Annual Meeting.
As a stockholder of record on the Record Date, you are invited to attend the Annual Meeting virtually and are entitled to, and requested
to, vote on the proposals described in this Proxy Statement.
 
 
WSFS Bank 2026 Proxy Statement
iii
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Table of Contents
 
 
 
Notice of 2026 Annual Meeting of Stockholders . . . . . . . . . . . . . . . . . . . . .
2025 Executive Compensation Summary . . . . . . . . . . . . . . . . . . . . . .
FORWARD-LOOKING STATEMENTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Benefits . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PROXY STATEMENT SUMMARY . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Employment Agreements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Proposal 1: Election of Directors . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Executive Compensation Policies . . . . . . . . . . . . . . . . . . . . . . . . . . . .
CORPORATE GOVERNANCE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Summary Compensation Table . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Our Director Nomination and Selection Process . . . . . . . . . . . . . . . . . . .
Grants of Plan-Based Awards . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Board Structure and Roles . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Outstanding Equity Awards Value at Year-End . . . . . . . . . . . . . . . . .
Committees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Option Exercises and Stock Vested During 2025 . . . . . . . . . . . . . . .
Audit Committee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Governance and Nominating Committee . . . . . . . . . . . . . . . . . . . . . . . . . .
CEO Pay Ratio . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Executive Committee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
PAY VERSUS PERFORMANCE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Leadership and Compensation Committee . . . . . . . . . . . . . . . . . . . . . . . .
Risk Committee . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Wealth Management Fiduciary Audit Committee . . . . . . . . . . . . . . . . . . .
TRANSACTIONS WITH RELATED PARTIES . . . . . . . . . . . . . . . . . . .
Wealth Management Fiduciary Committee . . . . . . . . . . . . . . . . . . . . . . . .
DELINQUENT SECTION 16(a) REPORTS . . . . . . . . . . . . . . . . . . . . . .
Committee Charters . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
AND MANAGEMENT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Board Policies . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
MEETING AND OTHER INFORMATION . . . . . . . . . . . . . . . . . . . . . . . .
Compensation of our Board of Directors . . . . . . . . . . . . . . . . . . . . . . . . . .
COMPANY DOCUMENTS AND OTHER MATTERS . . . . . . . . . . . . . .
Proposal 2: Advisory Vote on NEO Compensation . . . . . . . . . . . . . . . .
APPENDIX A – NON-GAAP RECONCILIATIONS . . . . . . . . . . . . . . . .
EXECUTIVE COMPENSATION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
ABOUT YOUR VOTE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Executive Leadership Team . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Executive Compensation Discussion and Analysis . . . . . . . . . . . . . . . . .
How Executive Compensation Decisions Are Made . . . . . . . . . . . . . . . .
WSFS Bank 2026 Proxy Statement
1
Forward-Looking Statements
This Proxy Statement contains estimates, predictions, opinions, projections and other “forward-looking statements” as that phrase is
defined in the Private Securities Litigation Reform Act of 1995. Such statements include, without limitation, references to our predictions
or expectations of future business or financial performance, as well as our goals and objectives for future operations, financial and
business trends, business prospects and management’s outlook or expectations for earnings, revenues, expenses, capital levels,
liquidity levels, asset quality or other future financial or business performance, strategies or expectations. The words “believe,” “expect,”
“anticipate,” “plan,” “estimate,” “target,” “project” and similar expressions, among others, generally identify forward-looking statements.
Such forward-looking statements are based on various assumptions (some of which may be beyond our control) and are subject to
risks and uncertainties (which change over time) and other factors which could cause actual results to differ materially from those
currently anticipated. Such risks and uncertainties are discussed in detail in the risk factors in Item 1A of our Annual Report on Form 10-
K for the year ended December 31, 2025 ("Annual Report") and in our subsequent quarterly reports on Form 10-Q and current reports
on Form 8-K, if any, filed with the Securities and Exchange Commission (the "SEC"). Forward-looking statements should be evaluated
together with the many uncertainties that may affect our business, particularly those mentioned in our Annual Report and in our
subsequent quarterly reports on Form 10-Q and current reports on Form 8-K, if any, filed with the SEC.
We caution readers not to place undue reliance on such forward-looking statements, which speak only as of the date they are made.
We disclaim any duty to revise or update any forward-looking statement, whether written or oral, that may be made from time to time by
or on behalf of us for any reason, except as specifically required by law.
Proxy Statement Summary
We are providing this Proxy Statement ("Proxy Statement") to stockholders in connection with the solicitation by the Board of Directors
of WSFS Financial Corporation, a Delaware corporation (our "Board of Directors"), of proxies to be voted at the Annual Meeting to be
held virtually on May 14, 2026 at 4:00 p.m. ET, and at any adjournment thereof, for the purposes set forth in the accompanying notice.
The proxy materials are first being made available to stockholders on or about March 27, 2026.
Our Annual Meeting will be held in a virtual meeting format which you can only access by registering at https://web.viewproxy.com/
wsfs/2026.
On the day of the Annual Meeting, if you have properly registered, you may enter the meeting by clicking on the link provided in your
registration confirmations.
Please refer to our “Notice of 2026 Annual Meeting of Stockholders” and the “Meeting and Other Information” section of this Proxy
Statement for more information about how to participate in the virtual meeting. If you encounter any difficulties accessing the webcast
during the check-in or meeting time, please email Virtualmeeting@viewproxy.com or call 866-612-8937.
This summary provides an overview of the items contained in this Proxy Statement. We encourage you to read the entire Proxy
Statement for additional information prior to voting your shares.
Proposals and Voting Recommendations
Our stockholders are being asked to vote on the following proposals.
 
Proposals
Vote Required
Board
Recommendation
Page
1
Election of Directors
A plurality of the votes cast
FOR
2
Advisory vote on Executive Compensation
A majority of the shares present in person
by participation at the Annual Meeting or
represented by proxy and entitled to vote on
the proposal
FOR
3
Ratification of the Appointment of the
Independent Registered Public Accounting
Firm
A majority of the shares present in person
by participation at the Annual Meeting or
represented by proxy and entitled to vote on
the proposal
FOR
WSFS Bank 2026 Proxy Statement
2
 2025 Business Performance Highlights
 
$5.09
 
1.36%
 
31.8%
 
$287.3M
 
17.55%
EPS
(diluted)
 
ROA
 
Fee   
Revenue %
 
Net 
Income(1)
 
ROTCE(2)
2025 was another successful year for WSFS, marked by strong financial performance, disciplined execution of our strategy, and
continued momentum across our diversified franchise. Our results underscore the strength and resilience of our business model and
reflect strong performance across key financial metrics including earnings per share ("EPS"), return on average assets ("ROA"), Fee
Revenue %, Net Income, and return on average tangible common equity ("ROTCE").
We are particularly pleased with the increase in EPS, which rose by 15% to $5.09, and our year-over-year 21% increase in tangible
book value per share(2) to $33.11. This showcases the strength of our return-focused franchise. Notably, WSFS returned $324.7 million
of capital to stockholders while ending the year with a Common Equity Tier 1 (CET1) ratio of 13.92%. We are well-positioned to
continue supporting client needs, pursuing strategic growth, and returning capital aligned with our medium-term 12% CET1 target.
Our core businesses continued to demonstrate their scale, diversification, and growth potential. Our Wealth and Trust segment
delivered exceptional results, achieving 16% growth for the full year, supported by strong contributions from WSFS Institutional
Services® and The Bryn Mawr Trust Company of Delaware (“BMT of DE”). Our net interest margin (“NIM”) remained strong at 3.87%,
supported by proactive deposit pricing and continued balance sheet optimization. Additionally, we continued to manage expenses with
discipline while investing in the franchise. Our efficiency ratio improved to 59.6% for the year, demonstrating our ability to optimize costs
while continuing to support revenue growth across the franchise.
We entered the second year of our 2025-2027 Strategic Plan with strong momentum. Our focus remains on building differentiated,
scalable businesses, deepening client relationships across our market, and leveraging our diversified model to drive sustained,
profitable growth. With a clear strategy, strong capital position, and talented team dedicated to fulfilling our mission, we remain focused
on continuing to deliver meaningful longterm value for stockholders.
NIM: Our NIM of 3.87% increased 5bps compared to the prior year, driven by lower deposit and wholesale funding costs as well as
higher cash balances from growth in average deposits. We ended the year with an interest bearing deposit beta of 43% and 32% of
our client deposits being noninterest accounts.
Fee Revenue: Fee revenue was flat compared to last year at $339.9 million. Wealth and Trust continues to perform well and grew
16% year-over-year with 35% growth in WSFS Institutional Services® and 19% growth in BMT of DE. These increases from Wealth
and Trust were partially offset by a 15% decrease in Cash Connect® driven by lower ATM volumes and the impact of interest rate cuts.
Noninterest Expense ("NIE"): Our full-year efficiency ratio of 59.6% decreased 128bps when compared to the prior year. Full-year
NIE was down $1.5 million while continuing to support our investments in talent and technology as well as our high-touch Client
service business model.
Client Deposits: Total client deposits grew 4% mainly due to growth in Trust and Private Banking. Noninterest deposits grew 12%
and continue to represent over 30% of our total client deposits. Additionally, our deposit base is well-diversified with more than 54% of
our client deposits coming from Commercial, Small Business, and Wealth and Trust.
Net Loans and Leases: Loans grew 1% driven by Construction, Residential Mortgage, and C&I. This growth was partially offset by
runoff in our partnership portfolios and the strategic sale of the Upstart portfolio during the year. Our net loan-to-deposit ratio of 74%
continues to provide balance sheet flexibility and capacity to fund new loan growth.
Asset Quality: Overall asset quality remains stable, including our ACL coverage of 1.36%. Problem assets and nonperforming assets
declined meaningfully from the prior year and problem assets were at their lowest level in two years. Net charge-offs were 46bps of
average loans. When excluding the Upstart portfolio, which was largely divested during the year, net charge-offs were 40bps of
average loans.
Capital Management: Capital ratios remain strong and are all substantially in excess of "well-capitalized" regulatory benchmarks,
including a CET1 of 13.92%. WSFS returned over 110% of reported earnings to stockholders in 2025.
Wealth and Trust: Fee revenue of $170.9 million grew 16% compared to the prior year, driven by growth in Institutional Services and
BMT of DE. Assets Under Management and Administration (“AUM/AUA”) increased 9% to $97.4 billion. Additionally, WSFS
Institutional Services® ended 2025 as the 4th most active U.S. ABS and MBS trustee for the year and has nearly 12% of the total
market share.
Cash Connect®: Fee revenue was down 15%, primarily driven by lower ATM volumes and interest rate cuts (the revenue decline was
more than offset in noninterest expenses). Profit margin increased to 11.5% (from 1.0% in 2024) due to repricing and optimization
efforts.
(1)
Net income attributable to WSFS.
(2)
These are non-GAAP financial measures and should be considered along with results prepared in accordance with GAAP, and not as a substitute
for GAAP results. For a reconciliation of these non-GAAP financial measures to their comparable Generally Accepted Accounting Principles
("GAAP") measures, see “Appendix A—non-GAAP Reconciliations.”
 
WSFS Bank 2026 Proxy Statement
3
OUR FOUNDATION
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MISSION & STRATEGY
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VISION
A Day When We All Thrive
VALUES
Service • Truth • Respect
WSFS Bank 2026 Proxy Statement
4
Board Composition
Our Board of Directors currently consists of 12 members and is divided into three “classes,” with each class serving for a term of three
years. The leadership of our Board of Directors is comprised of: (i) our Chairman of our Board of Directors ("Chairman") (who also
serves as our President and Chief Executive Officer ("CEO")), (ii) our Lead Independent Director and (iii) our committee chairs. A
summary of our directors is listed below:
 
 
Director
 
Age(1)
Current
Term
 
Independence
 
Principal Occupation
Anat Bird
74
2027
Chairman and CEO of the Bird Group, LTD and President and Chief
Executive Officer of SCB Forums, LTD, a Division of The ProSight Financial
Association
Francis B. Brake
62
2028
President and Co-Founder of Epic Research, LLC
Karen Dougherty Buchholz
59
2028
Strategic Advisor, Comcast Corporation
Jennifer W. Davis
55
2027
Executive Vice President and Chief Operating Officer at the University of
Virginia
Michael J. Donahue
67
2027
Principal, Donahue Consulting, Inc.
Eleuthère I. du Pont
59
2026
President of the Longwood Foundation
Nancy J. Foster3
64
2026
Retired President and Chief Executive Officer of RMA
Christopher T. Gheysens
55
2028
Chairman and Chief Executive Officer of Wawa, Inc.
Michelle Hong2
51
2026
Counsel at Stradley Ronon Stevens & Young, LLP
Rodger Levenson
65
2028
Chairman, President and Chief Executive Officer of WSFS
Lynn B. McKee
70
2027
Retired Executive Vice President, Chief Human Resources Officer for
Aramark
David G. Turner
61
2026
Retired Managing Partner, IBM Consulting Americas
(1) As of March 31, 2026.
 
(2) Ms. Hong joined the Board effective December 1, 2025.
(3) Ms. Foster will not seek reelection to our Board of Directors.
 
In considering nominees, our Board of Directors and the Governance and Nominating Committee believe our Board of Directors should
reflect a wide range of leadership accomplishments, skills, knowledge and experience, among the other factors described in the
“Corporate Governance” section. On an annual basis we actively evaluate the efficacy of the Board of Directors and individual
members. We believe it is important to have a strong Board of Directors comprised of a majority of independent directors that is
accountable to our stockholders. We aim for a balanced distribution of shorter-tenured members (less than 6 years), medium-tenured
members (between 6 and 12 years), and longer-tenured members (more than 12 years). Our Board of Directors believes that a broad
range of experiences and skills are necessary to effectively understand our Associates, Clients and Communities. The following charts
show the composition of our Board of Directors following the Annual Meeting:
            
1515
1516
WSFS Bank 2026 Proxy Statement
5
Skills, Knowledge, and Experience
Represented on our Board of Directors
Anat Bird
Francis B. Brake
Karen Dougherty Buchholz
Jennifer W. Davis
Michael J. Donahue
Eleuthere I. du Pont
Christopher T. Gheysens
Michelle Hong
Rodger Levenson
Lynn B. McKee
David  G. Turner
A,
R,
WF
GN,
E,
LC,
R
GN,
LC,
R,
WF
WF
E,
R,
LC
A,
R,
WF
A,
E,
WF
A,
E, 
GN
R,
WF
E
GN,
LC
A,
GN,
E,
LC
Banking.jpg
Banking / Financial Services Industry
*
*
*
*
*
*
6/11
Experience in the banking and financial services industry
enables our directors to have insights into the competitive
landscape and unique needs of our Company.
Executive Leadership.jpg
Executive Leadership and Talent
*
*
*
*
*
*
*
*
*
*
*
11/11
Previous leadership roles help our directors find those who will
excel while serving in leadership positions within the Company
and enable our directors to promote and grow our culture and
support our senior leadership with talent management, including
attracting, developing and retaining high quality individuals.
Finance.jpg
Finance and Accounting
*
*
*
*
*
*
*
*
*
9/11
Financial and accounting acumen allow our Board of Directors to
analyze our financial statements and our financial reporting
practices.
Regulatory.jpg
Regulatory / Risk Management
*
*
*
*
*
*
*
*
8/11
Experience with regulators and risk management assists our
directors in understanding both the risks and the opportunities
we face in a heavily regulated industry.
Technology.jpg
Technology
*
*
*
*
*
*
*
*
8/11
Banking evolves every year and our technology has to evolve
with it. Technological literacy facilitates the growth and evolution
of our Company.
Local Market.jpg
Local Market
*
*
*
*
*
*
*
*
*
9/11
We are proud of our legacy as the oldest and largest locally-
managed bank and trust company headquartered in the Greater
Philadelphia and Delaware region. Our directors share our
community roots.
National.jpg
National / Global
*
*
*
*
*
*
*
*
8/11
We strive to combine a strong local presence in our core
geographic markets with national capabilities and global reach.
Our Board of Directors members understand the national and
international markets.
Mergers.jpg
Mergers and Acquisitions
*
*
*
*
*
*
*
7/11
Our growth strategy includes both organic and acquisition
growth and improving our overall customer experience through
innovation and leveraging new technologies. Our directors know
how to navigate the acquisition landscape.
Wealth.jpg
Wealth
*
*
*
*
*
*
6/11
Our Wealth division and the expanding array of services it
provides furthers our mission to provide top-tier service to our
clients. Our directors understand and have experience with the
myriad issues, products, and services that support our
diversified Wealth division.
Cybersecurity.jpg
Cybersecurity
*
*
*
*
*
5/11
The safety of our business and our clients is a primary concern
of our Board. Our directors have experience with assessing,
identifying, and managing material risks from cybersecurity
threats.
 
A: Audit Committee and Wealth Management Fiduciary Audit Committee   GN: Governance and Nominating Committee  
E: Executive Committee  LC: Leadership and Compensation Committee   R: Risk Committee   WF: Wealth Management Fiduciary Committee
WSFS Bank 2026 Proxy Statement
6
Committees and Leadership
The following chart shows the current committees and subcommittees of our Board of Directors, the committee membership and the
number of meetings each committee held in 2025.
WSFS Financial Corporation Board of Directors
Chairman: Rodger Levenson(1)
Lead Independent Director: Christopher T. Gheysens
 
 
Audit Committee and Wealth
Management Fiduciary
Audit Committee
Governance and
Nominating
Committee
Executive
Committee
Leadership and
Compensation
Committee
Risk Committee
Wealth Management
Fiduciary Committee
Chair
David G. Turner
Christopher T.
Gheysens
Rodger Levenson
Francis B. Brake
Jennifer W. Davis
Eleuthère I. du Pont
Vice Chair
Michael J. Donahue
Karen
Dougherty
Buchholz
David G. Turner
Lynn B. McKee
Nancy J. Foster
Michael J. Donahue
Members
Anat Bird
Eleuthère I. du Pont
Nancy J. Foster
Christopher T. Gheysens
Francis B. Brake
Lynn B. McKee
David G. Turner
Francis B. Brake
Jennifer W. Davis
Eleuthère I. du Pont
Christopher T.
Gheysens
 
Karen Dougherty
Buchholz
Jennifer W. Davis
Nancy J. Foster
David G. Turner
Anat Bird
Francis B. Brake
Karen Dougherty
Buchholz
Michael J. Donahue
Anat Bird
Karen Dougherty
Buchholz
Jennifer W. Davis
Meetings
10(2)
5
8
5
6
5
(1)
During 2025, Mr. Levenson routinely attended Audit, Governance and Nominating and Leadership and Compensation Committee meetings at the
discretion and invitation of the committee chairs for the purpose of providing his institutional knowledge and insight. He did not attend executive
sessions or discussions that were related to him and does not have voting rights on such committees.
(2)
There were 6 Audit Committee meetings and 4 Wealth Management Fiduciary Audit Committee meetings in 2025.
 
 
WSFS Bank 2026 Proxy Statement
7
Corporate Governance Practices
Our corporate governance practices are designed to ensure safe and sound management of WSFS:
Tick.jpg
Lead Independent Director
Our Board of Directors recognizes the need for strong
independent perspectives. When the Chairman and CEO
roles are combined, our Board of Directors requires the
appointment of a Lead Independent Director by a majority
vote of independent directors.
Succession
Our Board of Directors and CEO actively participate in the
succession planning process so that we continue to build
a Board of Directors and executive team with expertise
and talents that will continue to contribute to our success.
Annual Board Assessment
Our Board of Directors conducts an annual board
self-evaluation process and every third year, engages a
third-party consultant to conduct the evaluation.
Continual Refreshment
We aim for an equal balance of shorter-tenured members 
(less than 6 years), medium-tenured members (between 6
and 12 years), and longer-tenured members (more than 12
years).
Independent Directors’ Executive Sessions
At least twice per year, independent directors have
regularly scheduled meetings at which only independent
directors are present. All independent directors are also
able to request additional independent directors’ sessions
at meetings.
Director Resignation Policy in Uncontested Elections
In an uncontested election, it is our policy that nominees
who receive a number of votes in favor of their election
which is less than a majority of total votes cast should
promptly offer to resign from the Board of Directors.
WSFS Bank 2026 Proxy Statement
8
Executive Compensation Practices
The following fundamental principles underlie our executive compensation philosophy and design:
1
2
3
We strive to be competitive in base pay,
taking into consideration salaries of
similar positions at comparable financial
institutions in our compensation peer
group (“CPG”), allowing for exceptions in
particular circumstances.
We structure our incentive compensation
system to provide rewards for
performance that reflect our strategic plan
and balance executives’ focus on both
annual goals and our long-term success,
without creating undue risk.
Our total compensation for expected
performance levels is targeted at levels
similar to those at comparable financial
institutions in our peer group. For top
performance, we provide total
compensation reflecting that superior
performance.
We strive to be competitive in base pay, taking into consideration salaries of similar positions at comparable financial institutions in our compensation peer group ("CPG"), allowing for exceptions in particular circumstances. We structure our incentive compensation system to provide rewards for performance that reflect our strategic plan and balance executives' focus on both annual goals and our long-term success, without creating undue risk. Our total compensation for expected performance levels is targeted at levels similar to those at comparable financial institutions in our peer group. For top performance, we provide total compensation reflecting that
superior performance.
 We have designed our executive compensation practices to support good governance and mitigate excessive risk-taking: 
Untick.jpg
Tick.jpg
Stock Ownership Guidelines Our guidelines require significant stock ownership for our Executive Leadership Team and our Board of Directors. Say-on-Pay We conduct annual Say-on-Pay votes. The 2023 Say-on-Pay vote was approved by over 90% of the shares present in person by participation or represented by proxy at the 2023 Annual Meeting of Stockholders and entitled to vote on the proposal. Balanced Compensation We balance executives' short-term and long-term compensation to discourage short-term risk taking at the expense of long-term results. Double-Trigger Change-in-Control Our compensation program imposes a double-trigger for
equity incentive awards which do not vest solely upon a change-in-control, but also require a qualifying termination of employment following a change-in-control. Independent Compensation Consultant We engage an independent compensation consultant who acts as independent advisor to the Leadership and Compensation Committee on executive leadership and Board of Directors compensation matters, and other compensation matters under the purview of the Leadership and Compensation Committee, and from time to time provides advice on best practices for compensation matters unrelated to our Executive Leadership Team or Directors. Clawback Policy We have a policy requiring us to recoup certain incentive compensation in the event of fraud or other misconduct or financial restatements. Performance-Based Compensation We make a significant portion of executives' compensation performance- based and focused on stockholder value. No Single-Trigger Golden Parachutes or Multi-Year Guaranteed Bonuses We do not enter into employment contracts with executives containing single-trigger golden parachutes or multi-year guaranteed bonuses. No Gross-Up Payments We do not provide gross-up payments to
cover personal income or excise taxes that pertain to severance benefits. No Hedging or Pledging We do not permit hedging, collars, short sales or other derivative transactions or pledging transactions involving our common stock by our executives.
Stock Ownership Guidelines
Our guidelines require significant stock
ownership for our Executive Leadership
Team and our Board of Directors.
Say-on-Pay
We conduct annual Say-on-Pay votes.
The 2025 Say-on-Pay vote was
approved by over 98% of the shares
present in person by participation or
represented by proxy at the 2025 Annual
Meeting of Stockholders and entitled to
vote on the proposal.
Balanced Compensation
We balance executives’ short-term and
long-term compensation to discourage
short-term risk taking at the expense of
long-term results.
Double-Trigger Change-in-Control
Our compensation program imposes a
double-trigger for equity incentive
awards which do not vest solely upon a
change-in-control, but also require a
qualifying termination of employment
following a change-in-control.
Independent Compensation Consultant
We engage an independent
compensation consultant who acts as
independent advisor to the Leadership
and Compensation Committee on
executive leadership and Board of
Directors compensation matters, and
other compensation matters under the
purview of the Leadership and
Compensation Committee, and from time
to time provides advice on best practices
for compensation matters unrelated to our
Executive Leadership Team or Directors.
Clawback Policy
We have a policy requiring us to recoup
cash and equity-based incentive
compensation in the event of fraud or other
misconduct or financial restatements.
Performance-Based Compensation
We make a significant portion of
executives’ compensation performance-
based and focused on stockholder value.
No Single-Trigger Golden
Parachutes or Multi-Year Guaranteed
Bonuses
We do not enter into employment
contracts with executives containing
single-trigger goIden parachutes or
multi-year guaranteed bonuses.
No Gross-Up Payments
We do not provide gross-up payments
to cover personal income or excise
taxes that pertain to severance
benefits.
No Hedging or Pledging
We do not permit hedging, collars, short
sales or other derivative transactions or
pledging transactions involving our
common stock by our executives.
WSFS Bank 2026 Proxy Statement
9
Proposal 1: Election of Directors
CORPORATE GOVERNANCE
Our Board of Directors has nominated the following individuals to be members of our Board of Directors for their strong character and
business acumen and because we believe they embody the values at the core of our culture: service, truth, and respect, and have the
ability to help the Company grow and improve.
For a three-year term expiring on the date of our Annual Meeting of Stockholders to be held in 2029:
Mr. Eleuthère I. du Pont
Ms. Michelle Hong
Mr. David G. Turner
Our Board of Directors consists of 12 members and is divided into three “classes,” with each class serving for a term of three years.
Four directors have terms that expire at the 2026 Annual Meeting. Ms. Nancy J. Foster will not be standing for reelection, as a result,
following the Annual Meeting, our Board of Directors will consist of 11 members.
Each of the nominees are current directors of WSFS and have been recommended by the Governance and Nominating Committee. We
provide more information about our directors and director nominees on the following pages. Currently, all directors of WSFS also serve
as directors of Wilmington Savings Fund Society, FSB ("WSFS Bank" or the "Bank").
ABOUT YOUR VOTE
The election of each nominee requires the affirmative vote of a plurality of the votes cast, meaning that the nominees who receive the
greatest number of votes are elected.
We permit cumulative voting for the election of directors, meaning that if, for example, there are three seats up for election in a given
class, if you own 100 shares, you have 300 votes to distribute among the nominees as you see fit. You can distribute them equally
and cast 100 votes for each nominee or you may give more votes to certain nominees, even giving all 300 votes to a single nominee
if you wish. Refer to the section titled “Meeting and Other Information” for more information about how to exercise cumulative voting
rights.
Executed proxies received from holders of common stock of WSFS will be voted for the election of such nominees unless marked to
the contrary.
If any nominee becomes unable to serve, which is not anticipated, the proxy will be voted for a substitute nominee to be designated
by our Board of Directors or the number of directors will be reduced.
Abstentions and broker non-votes are treated as present for quorum purposes only and will not be counted as either an affirmative
vote or a negative vote regarding the election of directors, and therefore, will have no effect on the election of directors.
The proxies cannot be voted for a greater number of persons than the number of nominees named.
 
Image_19.jpg
The Board of Directors recommends a vote FOR each of the nominees listed on the following pages.
WSFS Bank 2026 Proxy Statement
10
Biographies of Director Nominees
duPonte_headcut_2026.jpg
Eleuthère I. du Pont
Director since: 2013
Term expires: 2026
Hon_headcut_2026.jpg
Michelle Hong
Director since: 2025
Term expires: 2026
Committees:
Audit Committee
Executive Committee
Wealth Management Fiduciary Audit Committee
Wealth Management Fiduciary Committee
Committees:
Risk Committee
Wealth Management Fiduciary Committee
Eleuthère I. du Pont, 59, served as our Lead Independent
Director from 2016 to 2021. Mr. du Pont brings significant
expertise in corporate governance, accounting, finance,
operations, retail, information technology, wealth and investment
management to our Board of Directors.
President of the Longwood Foundation, a private foundation
principally supporting charitable organizations (2008 to
present)
Senior Vice President, Operations and Chief Financial Officer
of drugstore.com (2007 to 2008)
Board Service and Memberships:
Director of E.I. du Pont de Nemours and Company (serving as
an ex-officio member of the Board during the merger of equals
with Dow Chemical Company)
Director of First State Educate
Education:
Bachelor of Science degree in Mechanical Engineering from
Stanford University
Master’s degree in Business Administration from Stanford
University
 
Michelle Hong, 51, joined our Board of Directors in December
of 2025.  Ms. Hong brings  to our Board extensive experience in
the financial and legal services industries, along with strong
expertise in executive leadership and talent, local markets,
wealth management and environmental, social, and governance
matters.
Counsel at Stradley Ronon Stevens & Young, LLP (September
2025 to present)
Founding Partner and Co-Office Head of the Northern Trust
Company (Philadelphia Office) (2019 to 2025)
Senior Vice President, Senior Wealth Planner at Brown
Brothers Harriman (2006 to 2019)
Board Service and Memberships:
Corporate Director of PECO, an Exelon energy company
Vice Chair and Board Member of the National Association of
Corporate Directors (NACD) Philadelphia
Director of the William Penn Foundation
Director of WHYY, Inc.
Former Director of Main Line Health
Former Director of Philabundance
Education:
Bachelor of Arts degree in Public Policy Studies and English
from Duke University
Juris Doctor from Harvard Law School
 
WSFS Bank 2026 Proxy Statement
11
 
Davi_Turner_headcut_2026.jpg
David G. Turner
Director since: 2013
Term expires: 2026
Committees:
Audit Committee
Executive Committee
Governance and Nominating Committee
Leadership and Compensation Committee
Wealth Management Fiduciary Audit Committee
David G. Turner, 61, brings significant expertise in banking and
financial markets with experience in the areas of P&L
management, product development, marketing, sales, analytics,
technology, channels and customer experience.
Retired Managing Partner, IBM Consulting Americas (June
2019 to December 2025)
Vice President and Partner, Service Line Leader for North
America Global Business Services for IBM (2010 to 2019)
Former Global Industry Leader, Financial Services Big Data,
Analytics and Cognitive Industry Platforms in the Global
Services Division for IBM (2010 to 2013)
Founder of Sovereign Partners Consulting, LLC working with
key major banking clients worldwide focusing on strategy and
IT consulting (2009 to 2010)
Served in various capacities with MBNA and its successor,
Bank of America as Senior Executive Vice President, Group
Executive tasked with creating MBNA’s Research and
Development Department, and Chief Data Officer (2003
to 2009)
 
Board Service and Memberships:
Distinguished Industry Leader - Banking/Financial Markets -
IBM’s Industry Academy
Former Chairman of the Board of Trustees of Delaware State
University
Former Director of the US Chamber of Commerce
Adjunct Professor at the University of Delaware
Recognized as a 2024 Most Influential Corporate Director by
Savoy Magazine
Education:
Bachelor of Science in Computer Science/Mathematics from
Delaware State University
Master of Science in MIS from Fairleigh Dickinson University
Dartmouth-Amos Tuck Executive Masters of Business
Administration Education Program
 
WSFS Bank 2026 Proxy Statement
12
Other Continuing Directors
Levenson-headcut_2026.jpg
Rodger Levenson
Director since: 2019
Chairman since: 2020
Term expires: 2028
 
AnatBird_headcut_2026.jpg
Anat Bird
Director since: 2010
Term expires: 2027
 
 
 
Committees:
Executive Committee
Committees:
Audit Committee
Risk Committee
Wealth Management Fiduciary Audit Committee
Wealth Management Fiduciary Committee
Rodger Levenson, 65, has been Chairman of our Board of
Directors since January 1, 2020. He brings extensive banking,
finance, lending, risk management, regulatory, mergers and
acquisitions, governance, executive management,  and local
market expertise to our Board of Directors having served in
executive roles in commercial lending, finance and corporate
development with financial institutions in the Greater
Philadelphia and Delaware Region for the majority of his career.
President and Chief Executive Officer of WSFS (2019 to present)
Executive Vice President and Chief Operating Officer of
WSFS (2017 to 2018)
Executive Vice President and Chief Corporate Development
Officer of WSFS (2016 to 2017)
Executive Vice President and Interim Chief Financial Officer of
WSFS (2015 to 2016)
Executive Vice President and Chief Commercial Banking
Officer of WSFS (2006 to 2015)
Senior Vice President and Manager at Citizens Bank (2003 to 2006)
Board Service and Memberships:
Board of Directors, Executive Committee and Member of CEO
Council for Growth of The Chamber of Commerce for Greater
Philadelphia
Co-chair of the Board of Directors and Member of the
Executive Committee of the Delaware Prosperity Partnership
Member of the U.S Federal Reserve Board's Federal Advisory
Council (FAC)
Member of the Children’s Hospital of Philadelphia Corporate
Council
Member of the Corporate Council and Executive Committee of
the Satell Institute for Corporate Social Responsibility
Member of the Executive Committee of the Delaware
Business Roundtable
Member of Penn Medicine Corporate Council
Former director of the Delaware Chamber of Commerce
Former chairman and director of the Delaware Bankers Association
Education:
Bachelor of Business Administration in Finance from Temple
University
Master of Business Administration from Drexel University
Leadership courses at the Wharton School of Business,
Center for Creative Leadership, and Harvard University
School of Business
Anat Bird, 74, brings a broad range of banking experience as
well as strategic planning, mergers and acquisitions, regulatory,
risk, financial, and executive management experience from a
national and global perspective to our Board of Directors. Ms.
Bird has extensive experience in the banking and financial
services industry including authoring six books on the banking
business and providing and facilitating ongoing dialogue and
education for executives in the banking industry through SCB
Forums.
Chairman and CEO of The Bird Group, LTD (1994 to present)
President and Chief Executive Officer of SCB Forums, LTD,
Division of ProSight Financial Association (1994 to present)
President and CEO of California Community Bancshares
(March 2001 to November 2001)
Executive Vice President of Wells Fargo Bank (1997 to 2001)
Senior Executive Vice President, Chief Operating Officer of
Norwest Bank (1997 to 2001)
Group Head and Executive Vice President of Norwest Bank
(1995 to 1997)
Board Service and Memberships:
Board of Directors for MidFirst Bank in Oklahoma City,
Oklahoma (2003 to present)
Former member of the Boards of Sterling Bank (2002 to
2011), Sun Bancorp, Inc. (2008 to 2009), First Indiana Bank
(2002 to 2007) and AmTrust Bank (2008 to 2009)
Education:
Bachelor of Arts in International Relations and Master’s
degree in International Relations and Psychology from
Hebrew University in Jerusalem
Masters of Business Administration in Finance from American
University
Diploma in Corporate Strategic Planning from the Wharton
School of Business
WSFS Bank 2026 Proxy Statement
13
 
BenBrake_headcut_2026.jpg
Francis B. Brake 
Director since: 2014
Term expires: 2028
 
Bucholz-headcut_2026.jpg
Karen Dougherty Buchholz
Director since: 2019
Term expires: 2028
 
Committees:
Executive Committee
Governance and Nominating Committee
Leadership and Compensation Committee
Risk Committee
Committees:
Governance and Nominating Committee
Leadership and Compensation Committee
Risk Committee
Wealth Management Fiduciary Committee
Francis B. Brake, 62, brings expertise in marketing,
entrepreneurship, innovation, product development, business
partnerships, financial services, and executive leadership to our
Board of Directors.
President and Co-Founder of Epic Research, LLC (2007 to
present)
Managing Director and Chief Marketing Officer for Juniper
Bank/Barclaycard US (2000 to 2007)
Various positions including Executive Vice President,
Marketing at First USA Bank (1994 to 2000)
Board Service and Memberships:
Former Chairperson of the Board of Directors of The Chester
Fund Foundation
Former director of Barclays Bank Delaware
Education:
Bachelor of Arts in Government from The College of William
and Mary
Master of Business Administration from The Darden Graduate
School of Business, University of Virginia
Karen Dougherty Buchholz, 59, provides our Board of
Directors with extensive public company oversight and
leadership experience, knowledge of local and national markets,
technology expertise and experience outside the financial
services industry.
Strategic Advisor, Comcast Corporation (January 2026 to
present)
Executive Vice President of Administration of Comcast
Corporation (May 2020 to December 2025)
Chief Diversity Officer of Comcast Corporation (December
2019 to October 2020)
Senior Vice President of Administration of Comcast
Corporation (2014 to 2020)
Trustee of Beneficial Bank (2009 to 2014)
Board Service and Memberships:
Board of Directors of FS Credit Real Estate Income Trust
Board of Trustees of Drexel University
Global Board of Directors of Women in Cable
Telecommunications
Chair of the Board of Directors of the Philadelphia Convention
and Visitors Bureau
Board of The Philadelphia Orchestra and Ensemble Arts
Former director of Beneficial Bancorp. Inc. (Beneficial)
Former member of the Board of Directors of the Museum of
the American Revolution
Education:
Bachelor’s degree from Dickinson College
Master’s degree in Organizational Dynamics from the
University of Pennsylvania
 
WSFS Bank 2026 Proxy Statement
14
 
Wagner-Davis-headcut_2026.jpg
Jennifer W. Davis
Director since: 2009
Term expires: 2027
 
 
Donahue_headcut_2026.jpg
Michael J. Donahue
Director since: 2019
Term expires: 2027
 
Committees:
Leadership and Compensation Committee
Executive Committee
Risk Committee
Wealth Management Fiduciary Committee
Committees:
Audit Committee
Risk Committee
Wealth Management Fiduciary Audit Committee
Wealth Management Fiduciary Committee
Jennifer W. Davis, 55,  served as our Lead Independent
Director from 2021 to 2025. Ms. Davis brings human resources,
technology, finance, risk management and executive leadership
expertise to our Board of Directors from both a local and national
perspective. Ms. Davis provides experience with and knowledge
of enterprise risk management gained from both her current and
past roles with the University of Virginia and George Mason
University as well as being well versed in the technology needs
of a large organization.
Executive Vice President and Chief Operating Officer at the
University of Virginia overseeing the areas of finance, human
resources, accounting, treasury, facilities, audit, compliance,
enterprise risk management, technology, public safety, and
auxiliary services (2018 to present)
Senior Vice President and Chief Financial Officer at George
Mason University (2013 to 2018)
Vice President for Finance and Administration of the University
of Delaware (2008 to 2013)
Cabinet Secretary-Director of the Office of Management and
Budget for the State of Delaware (2005 to 2008)
Budget Director, Deputy Secretary of Education and Associate
Secretary of Education for policy and administrative services
for the State of Delaware (2002 to 2005)
Education:
Bachelor’s degree in Political Science from Pennsylvania
State University
Master’s degree in Policy Analysis from Pennsylvania State
University
Michael J. Donahue, 67, provides our Board of Directors with
significant risk management and public company oversight
experience, technology strategy and information systems
experience, and experience in mergers and acquisitions at a
local and national level. Having served on the board of directors
for a total of 21 public and private corporations and having spent
his entire career serving in the finance and accounting industry,
Mr. Donahue provides key insight to and oversight of the
Company’s myriad responsibilities as a financial institution.
 
Principal, Donahue Consulting, Inc. (2015 to present)
Advisor to NewSpring Capital (2015 to present)
Group Executive Vice President and Chief Operating Officer of
KPMG Consulting, Inc. following its spin-off led by Mr.
Donahue (2000 to 2005)
Managing Partner, Consulting of KPMG Consulting, Inc. (1991
to 2000)
Board Service and Memberships:
Independent director of Symphonic (2022 to present)
Former member of the Provost’s Board of Villanova University
(2017 to 2025)
Former independent director of Gluware (2021 to 2024)
Former independent director of SiteSpect (2015 to 2025)
Former independent director of Mobiquity (2014 to 2020)
Trustee and then director of Beneficial Bancorp Inc. (2015 to
2019)
Former member of the Board of Directors of KPMG LLP (US),
KPMG Consulting KK (Japan) and Chairman of the
Supervisory Board of KPMG Consulting AG (Germany, Austria
and Switzerland)
Education:
Bachelor’s degrees in Economics and History from the
University of Pennsylvania
International Management Program at the Wharton School of
Business
 
WSFS Bank 2026 Proxy Statement
15
Chris_Gheysens_headcut_2026.jpg
Christopher T. Gheysens
Director since: 2017
Lead Independent Director since: 2025
Term expires: 2028
 
McKee_finish_headcut_2026.jpg
Lynn B. McKee
Director since: 2022
Term expires: 2027
 
Committees:
Audit Committee
Executive Committee
Governance and Nominating Committee
Wealth Management Fiduciary Audit Committee
Committees:
Leadership and Compensation Committee
Governance and Nominating Committee
Christopher T. Gheysens, 55, brings finance, accounting,
auditing, strategic planning, retail operations, board governance,
local and national market, and executive leadership expertise to
our Board of Directors from his experience with Wawa, Inc., a
privately held, $20 billion organization consisting of more than
1,200 company owned and operated convenience stores. Mr.
Gheysens has extensive knowledge of retail operations as well
as experience with strategic planning, including leading the
expansion of the convenience store and gas station’s footprint
along the East Coast and Mid-West.
Chairman and Chief Executive Officer of Wawa, Inc. (2024 to
present)
Vice-Chair and Chief Executive Officer of Wawa, Inc. (2023 to
2024)
President and Chief Executive Officer of Wawa, Inc. (2013 to
2023)
Chief Financial and Administrative Officer of Wawa, Inc. (2007
to 2012)
Board Service and Memberships:
Chairman of the Children’s Hospital of Philadelphia’s Board of
Trustees and former member of the Children’s Hospital of
Philadelphia Board of Overseers
Former Trustee on Villanova University’s Board of Trustees
and former chairperson of the Dean’s Advisory Council for the
Villanova School of Business
Former director of the National Association of Convenience
Stores (NACS)
Former member of the Economic and Community Advisory
Committee for the Federal Reserve Bank of Philadelphia
Education:
Bachelor of Science in Accountancy from Villanova University
School of Business
Master of Business Administration from Saint Joseph’s
University
Former Certified Public Accountant in New Jersey
 
Lynn B. McKee, 70, brings to our Board of Directors extensive
corporate level and day-to-day experience in employment,
compensation and benefits matters at the regional, national and
international levels. In addition to her expertise in Human
Resources, Ms. McKee brings crisis management, corporate
governance, executive leadership, and public company oversight
skills. Ms. McKee provides invaluable guidance in the area of
leadership and talent acquisition through the vast experience
she gained during her over 40-year career with Aramark and the
breadth of roles she served in their HR department. Ms. McKee
also brings experience acquired having served as a board
member of two other public companies.
Retired Executive Vice President, Chief Human Resources
Officer for Aramark, a global services management company
(2004 to December 2022)
Several key positions for Aramark, including Director of
Employee Relations; Vice President, Corporate Human
Resources, where she was responsible for executive
development and compensation; and Senior Vice President
Human Resources, Aramark Global Food, Hospitality and
Facility Services (1980 to 2004)
Led Aramark Corporate Communications, Diversity, Equity
and Inclusion, Sustainability, Community Relations, Corporate
Real Estate and Air and Meeting Services
Board Service and Memberships:
Former director of Bryn Mawr Bank Corporation and The Bryn
Mawr Trust Company (2013 to 2021)
St. Joseph’s University Board of Trustees (2007 to 2016)
Vestis (formerly known as Aramark Uniform Services) Board of
Directors (2023 to present)
Highmark Inc. Board of Directors (2024 to present)
Education:
Bachelor’s degree in Accounting from St. Joseph’s University
Master of Business Administration from Drexel University
 
WSFS Bank 2026 Proxy Statement
16
Our Director Nomination and Selection Process
The Governance and Nominating Committee is responsible for
identifying and recommending qualified individuals as candidates
for membership on our Board of Directors. It solicits
recommendations from our officers, and also considers and
evaluates candidates recommended by our stockholders. For
more information on how to submit a recommendation for a
director candidate, see “Meeting and Other Information”.
 
After reviewing the recommendations of the Governance and
Nominating Committee, our Board of Directors considers the
individuals’ qualifications and nominates the candidates for your
consideration.
 
Our Board of Directors and the Governance and Nominating
Committee considers:
Our Board of Directors’ current makeup to assure director
candidates possess a wide range of leadership
accomplishments, skills, knowledge, and experience
described in the proxy summary section;
Directors’ and nominees’ knowledge about the business
activities and market areas in which we and our subsidiaries
engage;
Whether a candidate possesses a breadth of knowledge and
experience to enable him or her to make a meaningful
contribution to the governance of a complex, multibillion-dollar
financial institution;
Corporate values and culture, including diverse perspectives,
experiences, and backgrounds; and
Candidates’ prominence in their fields and management
experience. 
The Governance and Nominating Committee engages a third-
party consulting firm to assist in identifying future nominees to
help build a more well-rounded Board of Directors with the
appropriate expertise and talents that will continue to contribute
to the success of WSFS. This consultant also assists with
evaluating, interviewing and performing reference checks on
potential nominees to our Board of Directors. Our consultant
receives compensation for this service depending on the
parameters of the research and the number of nominees. The
candidates are then evaluated against the anticipated skills and
experience needed on our Board of Directors.
Independence
 
We believe it is important to have a strong Board of Directors
comprised of a majority of independent directors that is
accountable to our stockholders. Consistent with Nasdaq Stock
Market ("Nasdaq") director independence listing standards, our
Board Principles and Guidelines and SEC requirements, our
Board of Directors carefully evaluates any circumstances,
transactions or relationships that we believe could have an
impact on whether or not the members of our Board of Directors
are independent of us and our subsidiaries, including the Bank,
and are able to conduct their duties and responsibilities as
directors without any personal interests that would interfere or
conflict with those duties and responsibilities. A director will be
considered independent if our Board of Directors has
affirmatively determined (i) that the director does not have a
direct or indirect material relationship with WSFS as a partner,
stockholder, or Associate of either WSFS or another related
entity and (ii) that there are no other factors that would interfere
with the director’s exercise of independent judgment in carrying
out the responsibilities of a director.
 
Our Board of Directors carefully considers all relevant
information when determining independence status, including,
but not limited to, banking, employment, compensation,
consulting fees, advisory fees, related organizations, charitable
contributions, board and committee positions (both at WSFS and
other companies), affiliations, commercial transactions,
relationships with our auditor, payments for property or services
and other relationships and transactions involving each director
or immediate family member and their related interests and the
Company.
 
Other than Mr. Levenson, our Board of Directors has determined
that each director who either served on the Board of Directors
during the year ended December 31, 2025, or currently serves
on our Board of Directors, including each nominee, is
independent under Nasdaq director independence listing
standards.
WSFS Bank 2026 Proxy Statement
17
Board Structure and Roles
 
Leadership
 
The leadership of our Board of Directors is comprised of: (i) our
Chairman (who also serves as our President and CEO), (ii) our
Lead Independent Director and (iii) our committee chairs.
Chairman
 
Rodger Levenson was elected Chairman effective January 1,
2020 and has served as our President and CEO since January
2019. He was elected Chairman because of his unique
experience and extensive knowledge of WSFS and local
markets, leadership qualities, business acumen, and standing in
the Community. The Chairman participates in other committees
of our Board of Directors in an advisory manner, recommends
the appointment of committee chairs and committee members,
ensures committee rotation, develops the agendas of the Board
and Annual Meetings, and represents our Board of Directors in
the community.
 
Our Board of Directors reviews its leadership structure annually.
Our Board of Directors determines whether the Chairman and
CEO roles will be held by the same person based on its
assessment of what is in the best interests of the Company and
its stockholders at a given point in time, the leadership qualities
and experience of the individual, and the composition of our
Board of Directors. At the time of Mr. Levenson’s election, our
Board of Directors considered whether to combine the roles of
Chairman and CEO, and ultimately determined that a combined
role was the best way to implement WSFS’ strategic plan. Mr.
Levenson’s service as both Chairman and CEO reflects his
strategic vision and leadership of WSFS through a period of
strong performance and highly disciplined growth.
 
Our Board of Directors also recognizes the need for strong
independent perspectives. Therefore, when the Chairman and
CEO roles are combined, our Board of Directors requires that
the appointment of the Lead Independent Director be approved
by a majority vote from all independent directors.
Lead Independent Director
 
Christopher T. Gheysens has been our Lead Independent
Director since July 2025. The Lead Independent Director is an
independent director and has been designated by our Board of
Directors to lead our Board of Directors in fulfilling its duties
effectively, efficiently, and independently of management.
The Lead Independent Director presides at meetings of our
Board of Directors at which the Chairman is not present,
collaborates with the Chairman and the independent directors,
meets with the independent directors without management
present, provides input on and approves the meeting agendas,
ensures delegated committee functions are carried out,
evaluates the effectiveness of our Board of Directors and its
committees, including oversight of the annual Board self-
evaluation process; and consultation and/or direct
communication with major stockholders.
Collaboration Between the Chairman
and the Lead Independent Director
 
Our Chairman and Lead Independent Director connect our
management and our Board of Directors to support our Board of
Directors working as a cohesive team, including by:
Providing adequate resources to our Board of Directors by
way of full, timely, and relevant information;
Facilitating appropriate continuing education;
Arranging adequate orientation for new directors;
Meeting with individual directors;
Maintaining a process for monitoring legislation and best
practices which relate to the responsibilities of our Board of
Directors;
Recommending the retention of advisers and consultants; and
Ensuring that committee members have appropriate input to
the proxy statement relating to their committees.
Committee Chairs
 
Our committee chairs are responsible for the development,
management, and effective performance of their individual
committees, and provide leadership to our Board of Directors
regarding all aspects related to their committee's work.
WSFS Bank 2026 Proxy Statement
18
Committees
 
Our Board of Directors has established several committees: the Audit Committee, the Governance and Nominating Committee, the
Executive Committee, the Risk Committee, the Leadership and Compensation Committee, the Wealth Management Fiduciary Audit
Committee, the Wealth Management Fiduciary Committee and the Board of Directors of Wilmington Savings Fund Society, FSB
("WSFS Bank") has established an Executive Committee.
 
 
 
Audit
Committee
 
Governance
and
Nominating
Committee
 
Executive
Committee(1)
 
Leadership
and
Compensation
Committee
 
Risk
Committee
 
Wealth
Management
Fiduciary
Committee
 
Wealth
Management
Fiduciary
Audit
Committee
Anat Bird
 
 
 
 
 
 
 
 
 
 
Francis B. Brake
 
 
 
 
 
C
 
 
 
 
 
Karen Dougherty Buchholz
 
 
 
 
 
 
 
 
 
 
Jennifer W. Davis
 
 
 
 
 
 
C
 
 
 
Michael J. Donahue
 
 
 
 
 
 
 
 
 
 
Eleuthère I. du Pont
 
 
 
 
 
 
 
 
 
C
 
Nancy J. Foster(2)
 
 
 
 
 
 
 
 
 
 
Christopher T. Gheysens
 
 
C
 
 
 
 
 
 
 
Michelle Hong(3)
Rodger Levenson(4)
 
 
 
 
 
C
 
 
 
 
 
 
 
 
Lynn B. McKee
 
 
 
 
 
 
 
 
 
 
 
 
David G. Turner
 
C
 
 
 
 
 
 
 
 
C
2025 Meetings (#)
 
6
 
5
 
8
 
5
 
6
 
5
 
4
 
C = Chair
(1)
The Bank and the Holding Company each maintain their own Executive Committee, and both committees consist of the same members.
(2)
Ms. Foster will not seek reelection to our Board of Directors.
(3)
Ms. Hong joined the Board in December 2025 and became a member of the Risk Committee and the Wealth Management Fiduciary Committee
effective March 1, 2026.
(4)
During 2025, Mr. Levenson routinely attended Governance and Nominating, Audit, Wealth Management Fiduciary Audit, and Leadership and
Compensation Committee meetings at the discretion and invitation of the committee chairs for the purpose of providing his institutional knowledge
and insight. He did not attend executive sessions or discussions that were related to him and does not have voting rights.
 
Committee Membership
 
The Governance and Nominating Committee makes recommendations to our Board of Directors for appointments to the committees of
our Board of Directors, taking into consideration recommendations from our Chairman. All committees must be comprised of at least
three directors, and directors may serve on more than one committee. Our Board of Directors makes a final appointment after a majority
decision is reached. Each Committee elects its Chair in a process overseen by the Governance and Nominating Committee. While the
Audit Committee, Leadership and Compensation Committee and Governance and Nominating Committee are fully independent, all
other committees of our Board of Directors should have a majority of independent directors. Generally, independent directors should
serve on a balanced number of committees. All directors should rotate and serve on all committees (other than the three core
committees that are completely independent), including at least one to two years on the Executive Committee. However, the
Governance and Nominating Committee may rotate standing committee members periodically.
WSFS Bank 2026 Proxy Statement
19
Audit Committee
 
Governance and
Nominating Committee
 
 
 
MEMBERS:
 
 
Chair:
David G. Turner
 
Chair:
Christopher T. Gheysens
Members:
Michael J. Donahue, Vice Chair
Anat Bird
Eleuthère I. du Pont
Nancy J. Foster
Christopher T. Gheysens
 
Members:
Karen Dougherty Buchholz, Vice Chair
Francis B. Brake
Lynn B. McKee
David G. Turner
KEY RESPONSIBILITIES:
 
 
Assisting our Board of Directors in overseeing our internal
control over financial reporting, disclosure controls and
procedures, and other internal controls;
Overseeing the Company’s internal audit and loan review
function and its independent registered public accounting
firm;
Reviewing the Company’s earnings and financial statements;
Establishing procedures for treatment of confidential,
anonymous complaints;
Reviewing the selection of the Company’s lead external audit
partner pursuant to the rotation policy (five years); and
Approving and recommending the selection of the
independent registered public accounting firm.
 
Supervising the adoption of governance guidelines and
policies applicable to the Company;
Recommending qualified nominees for election to our Board of
Directors and its committees;
Reviewing Board compensation;
Overseeing the evaluation of our Board of Directors and
management;
Managing Board succession and assisting our Board of
Directors with CEO succession; and
Reviewing and providing oversight over all related party
transactions to help ensure that no conflicts of interest exist.
 
 
 
MEMBERSHIP: 
 
 
Each member of the Audit Committee is “independent” as
defined in the listing standards of Nasdaq and also meets the
independence criteria set forth in Rule 10A-3 under the
Exchange Act.
Christopher T. Gheysens meets the SEC’s definition of “audit
committee financial expert” for the Audit Committee.
For bank regulatory purposes, David G. Turner is also
considered a banking and financial expert.
 
Each member of the Governance and Nominating Committee is
“independent” as defined in the listing standards of Nasdaq.
MEETINGS: 
 
 
The committee held 6 meetings and met regularly in executive
sessions during 2025.
 
The committee held 5 meetings and met regularly in executive
sessions during 2025.
 
 
 
 
WSFS Bank 2026 Proxy Statement
20
Executive Committee
 
Leadership and
Compensation
Committee
 
 
 
MEMBERS:
 
 
Chair:
Rodger Levenson
 
Chair:
Francis B. Brake
Members:
David G. Turner, Vice Chair
Francis B. Brake
Jennifer W. Davis
Eleuthère I. du Pont
Christopher T. Gheysens
 
Members:
Lynn B. McKee, Vice Chair
Karen Dougherty Buchholz
Nancy. J. Foster
Jennifer W. Davis                                                                             
David G. Turner
KEY RESPONSIBILITIES:
 
 
Reviewing and providing advice and guidance to 
management and the Board of Directors with respect to the
Company‘s transaction, integration and technology
enhancement strategies;
Authorizing management to execute exclusivity and
confidentiality agreements and non-binding offers,
proposals, letters of intent, definitive agreements and similar
offers and documents with respect to proposed transactions;
and
May exercise the power and authority of the Board of
Directors to declare a dividend, to authorize the issuance of
stock or to adopt a certificate of ownership and merger
pursuant to applicable Delaware law.
 
Providing oversight and guidance with respect to personnel
and compensation policies and practices;
Enabling the Company to create and maintain competitive
programs;
Ensuring that personnel and compensation policies support
the Company’s strategic mission and comply with all
applicable legal and regulatory requirements;
Overseeing the executive compensation programs and
management’s implementation of compensation programs;
Reviewing and approving an annual report on executive
compensation and Associate incentive compensation plans
prepared by our risk officers;
Reviewing and making recommendations to our Board of
Directors with respect to the CEO’s compensation without the
CEO’s presence;
Looking to the Company’s overall strategy and the results on
the most recent “Say on Pay;” and
Reviewing the Executive Compensation Discussion and
Analysis ("CD&A") the compensation risk assessment and the
Compensation Committee report and recommending to our
Board of Directors their approval and inclusion in this proxy.
 
 
 
MEMBERSHIP: 
 
 
A majority of the members of the Executive Committee are
“independent” as defined by the listing standards of Nasdaq.
 
Each member of our Leadership and Compensation Committee
is “independent” as defined by the listing standards of Nasdaq.
In addition, the members of the Leadership and Compensation
Committee each qualify as independent under Rule 10C-1 under
the Exchange Act.
MEETINGS: 
 
 
The committee held 8 meetings and met regularly in executive
sessions during 2025.
 
The committee held 5 meetings and met regularly in executive
sessions during 2025.
 
 
 
 
WSFS Bank 2026 Proxy Statement
21
Risk Committee
 
Wealth Management
Fiduciary Audit
Committee
 
 
 
MEMBERS:
 
 
Chair:
Jennifer W. Davis
 
Chair:
David G. Turner
Members:
Nancy J. Foster, Vice Chair
Anat Bird
Francis B. Brake
Karen Dougherty Buchholz
Michael J. Donahue                                                                       
Michelle Hong
 
Members:
Michael J. Donahue, Vice Chair
Anat Bird
Eleuthère I. du Pont
Nancy J. Foster
Christopher T. Gheysens
KEY RESPONSIBILITIES:
 
 
Overseeing the Company’s risk management functions,
including, among other things, the identification, assessment,
measurement, monitoring, and management of key risks to the
Company, WSFS Bank, and all other direct and indirect
subsidiaries of the Company;
Approving and recommending the Enterprise Risk
Management ("ERM") framework and the risk appetite
statement to our Board of Directors for approval;
Overseeing management’s activities with respect to capital
management and liquidity risk;
Reviewing reports on selected risk topics, including emerging
risks, credit concentration and asset quality, cybersecurity; and
Reviewing and discussing with management significant
regulatory agency reports and reported risk management
deficiencies of the Company and remediation plans related to
risk management.
 
Assisting our Board of Directors in fulfilling its fiduciary
responsibilities regarding trust activities.
Reviewing reports of the Internal Audit Department,
independent accounting firm, and Regulatory Compliance, as
well as other trust or wealth related matters;
Reviewing reports issued by outside consultants regarding
internal control or fiduciary requirements as they relate to trust
and wealth activities; and
Reviewing all regulatory agency reports submitted to Trust &
Wealth Management Division regarding trust activities and
monitor management’s response to any comments in these
reports.
 
 
 
MEMBERSHIP: 
 
 
Each member of the Risk Committee is “independent” as defined
by the listing standards of Nasdaq.
 
Each member of the Wealth Management Fiduciary Audit
Committee is “independent” as defined in the listing standards of
Nasdaq and also meets the independence criteria set forth in
Rule 10A-3 under the Exchange Act.
 
Christopher T. Gheysens meets the SEC’s definition of “audit
committee financial expert” for the Audit Committee.
 
For bank regulatory purposes, David G. Turner is also
considered a banking and financial expert.
MEETINGS: 
 
 
The committee held 6 meetings and met regularly in executive
sessions during 2025.
 
The committee held 4 meetings and met regularly in executive
sessions during 2025.
 
 
 
WSFS Bank 2026 Proxy Statement
22
Wealth Management
Fiduciary Committee
 
 
 
MEMBERS:
 
Chair:
Eleuthère I. du Pont
 
Members:
Michael J. Donahue, Vice Chair
Anat Bird
Karen Dougherty Buchholz
Jennifer W. Davis                                                           
Michelle Hong
 
KEY RESPONSIBILITIES:
 
Overseeing the Wealth Management division in providing
trust administration, agency, investment advisory, wealth
planning, brokerage, and asset management services;
Establishing the strategic direction, risk tolerance standards,
and ethical culture for fiduciary and asset management
activities; and
Monitoring the implementation of fiduciary and asset
management risk-taking strategies and the adequacy and
effectiveness of the risk management system in achieving the
Wealth Management division’s strategic goals and financial
objectives.
 
 
 
MEMBERSHIP: 
 
A minimum of two members of the Wealth Management
Fiduciary Committee must be “independent” as defined by the
listing standards of Nasdaq.
 
MEETINGS: 
 
The committee held 5 meetings and met regularly in executive
sessions during 2025.
 
 
 
WSFS Bank 2026 Proxy Statement
23
Committee Charters
Copies of the Audit Committee Charter, Governance and Nominating Committee Charter, Executive Committee Charters, Leadership
and Compensation Committee Charter, Risk Committee Charter, Wealth Management Fiduciary Committee Charter, and Wealth
Management Fiduciary Audit Committee Charter can be found on the investor relations page of our website www.wsfsbank.com (select
“About”, “Investor Relations”, "Governance" and then select “Highlights”).
Board Policies
Board of Directors Role in Risk Management
Oversight
As described in greater detail in the description of each
committee’s role and responsibilities and the committee’s
charter, our Board of Directors is responsible for oversight of
material risks to our operations, including those related to
sustainability. The Risk Committee reports regularly to the Board
of Directors on its activities with respect to oversight of risk
management. Our Board of Directors is responsible for the
oversight of the management of our risk exposures to help
ensure that the Company is operating within risk appetites
approved by our Board of Directors. Comprehensive discussions
regarding our appetite for risk and our risk exposures are held
with our Board of Directors, the Risk Committee and our
Executive Leadership Team. As a result of this involvement, our
Board of Directors has concluded that the risk implicit in our
strategic plan is appropriate and that expected risks are
commensurate with the expected rewards. Our Board of
Directors oversees and reviews management’s implementation
of systems to manage these risks.
The risk management system is designed to inform our Board of
Directors of material risks and create an appropriate enterprise-
wide culture of risk awareness. Our Board of Directors
periodically receives reports and other information on areas of
material risk to the Company, including credit, liquidity, market/
interest rate, compliance, operational, technology, cybersecurity,
strategic, financial and reputational risks. These reports enable
our Board of Directors to understand the risk identification, risk
management and risk mitigation strategies employed by
management.
The ERM function assists management by establishing a unified
and strategic approach to identifying and managing current and
future risks. ERM helps monitor, measure, manage and report
these risks while continually evaluating our risk/reward dynamic.
The ERM activities include:
Conduct an Enterprise Risk Assessment Summary ("RAS") in
accordance with the Office of the Comptroller of the
Currency’s RAS matrix and industry best practices and update
the RAS quarterly;
Establish risk appetite statements and key risk indicators by
risk area as approved by the Risk Committee;
Monitor risk metrics ("Key Risk Indicators" or "KRIs") and
report to Executive Leadership Team and our Board of
Directors quarterly;
Oversee operational risk management;
Oversee model risk management;
Ensure that stress testing and contingency planning on critical
business risks are performed;
Key involvement with significant new products, services, or
activities, as well as conduct resolution and "lessons learned"
on major risk events, as needed; and
Continual learning on emerging risks and risk management
best practices.
Attendance at Board of Directors, Committee
Meetings, and Annual Meeting
Our directors are expected to attend at least 75% of Board
meetings and committee meetings on which they serve. During
the year ended December 31, 2025, our Board of Directors held
7 meetings. Each of our Directors attended at least 75% of both
the Board and committee meetings in 2025. All directors are
expected to attend the Annual Meeting except for absences due
to causes beyond their reasonable control. All directors were
present at last year’s Annual Meeting. 
Board Refreshment and Succession
Philosophy
We believe that one of the most important responsibilities of a
high-performing board of directors is ensuring that it actively
plans for and accomplishes its own succession. Our Board of
Directors actively participates in the succession planning
process by reviewing the structure and needs of our Board of
Directors annually or more often as the need arises, so that we
continue to build a Board of Directors with a wide range of
expertise and talents that will continue to contribute to the
success of WSFS.  Our Board of Directors does not believe in
setting term limits for directors because directors who still meet
the qualifications for Board membership and still possess
industry knowledge and expertise are valuable to WSFS and our
Board of Directors. Each Board member understands that the
rest of our Board of Directors will actively consider his or her
reappointment at the end of his or her current term. Through this
performance-based process, our Board of Directors seeks to
ensure that it retains active, independent, and knowledgeable
directors who maintain a collegial perspective. In addition,
directors will be assessed annually to ensure they still meet the
qualifications for Board membership. We believe that relatively
smaller boards (while still of ample size) are generally more
effective than relatively larger boards and sets the organizational
tone for a lower internal cost structure in an industry that is
continuously challenged by growing cost burdens and significant
pricing competition. Our Board size also fits with one of our key
strategic advantages, namely, faster and more entrepreneurial
decision-making. Our continual refreshment of our Board of
Directors membership and periods of transition related to merger
and acquisition activities may result in short-term increases
above what our Board of Directors has identified as the optimal
long-term size range, which is 10 to 12 directors.
WSFS Bank 2026 Proxy Statement
24
CEO and Management Succession
Planning
Management believes our Associates are the core of our
strategy, the lifeblood of our culture, and our greatest competitive
advantage. Overseeing talent is a serious responsibility and one
that receives ongoing, focused attention of our team. Our CEO
takes primary responsibility for management succession and
because planning leadership succession is of critical importance,
it is a shared responsibility among our Executive Leadership
Team with oversight from our Board of Directors. At least semi-
annually, our Executive Leadership Team conducts an extensive
assessment of our Associates to identify internal talent, plan for
their development, and identify potential successors to ensure
the continued, smooth operations of WSFS and to transfer
institutional knowledge.
 
The Governance and Nominating Committee works with the
Board of Directors on CEO succession and annually reviews,
evaluates and provides guidance to our CEO and Executive
Leadership Team on talent development, leadership progression,
and succession planning.
Classified Board Structure 
Our Board of Directors regularly reviews the subject of a
classified Board of Directors. In considering a classified board,
our Governance and Nominating Committee and full Board of
Directors weigh various stockholders’ issues with the high
engagement and institutional knowledge of our Board of
Directors that provides continuity of a high-performing
engagement model for our management team. We believe that a
classified board creates alignment between our corporate
governance principles and guidelines and the stated philosophy
of managing our Company for the long-term benefit of all
stakeholders.
 
While we believe that the evaluation of the Board of Directors
and management should be ultimately based on the
performance of the Company, we also recognize that our
classified board structure can create the appearance of
entrenchment on the part of our Board of Directors. As a result,
we have cumulative voting of shares in the election of directors,
which affords stockholders the ability to concentrate their votes
on a single director nominee, thereby providing a means to have
their voice(s) heard directly at our Board of Directors table after a
director election.
 
Finally, if there is a need for a stockholder-initiated change to our
Board of Directors, there is an opportunity to change
approximately one-third of our board membership at each
stockholders meeting where directors are elected. If those new
directors for some reason cannot make the case clear to the “old
board,” then at the next election, stockholders can change
another third of our Board of Directors. That would give a
majority of our Board of Directors to new representation. We
think this kind of change, in much less than a two-year period,
appropriately balances stockholders’ interests in the ability to
send a clear signal of a need for change with the need to
maintain the stability and the continuity of the Company.
Director Resignation Policy in
Uncontested Elections
In an uncontested election, it is our policy that nominees who
receive less than a majority of total votes cast in favor of their
election should promptly offer to resign from our Board of
Directors. The Board of Directors has the discretion to accept or
reject their resignation offer. The Governance and Nominating
Committee will consider resignation offers and make its
recommendation to the entire Board of Directors. Our policy
provides that our Board of Directors will accept or reject each
director’s resignation offer within 90 days of the date the
resignation offer is submitted.
Director Service on Other Boards
Our directors do not serve on the boards of other public
companies if the service impedes the director’s ability to
effectively serve on WSFS’ Board of Directors or creates any
potential material conflicts. Directors need written approval from
our Board of Directors before serving on the boards of other
public companies. Including our Board of Directors, no director
may serve on the boards of more than three public companies or
no more than two public companies for a director who is also the
CEO. Any such service is subject to any required regulatory
approval or waivers.
Board Evaluation
Annually, the Board of Directors conducts a self-evaluation to
assess its performance, evaluating the members of the Board of
Directors collectively and individually. In most years, this is a
self-directed process; however, every third year, the Board of
Directors engages a third-party consultant to conduct the
evaluation, which provides an outside perspective and insights
on the performance and functioning of our Board of Directors.
This third-party evaluation last occurred in 2024 as part of the
three-year cycle.
 
 
 
 
 
 
 
 
 
WSFS Bank 2026 Proxy Statement
25
Executive Sessions
 
Our independent directors have the opportunity to meet in
executive session at each Board of Directors committee meeting
and each Board of Directors meeting without non-independent
directors or management present. These sessions are presided
over by the Lead Independent Director and include discussions
about CEO performance, compensation for non-independent
directors, and other relevant board and committee matters. In
addition, at least twice per year, independent directors have
regularly scheduled meetings at which only independent
directors are present and all independent directors are able to
request additional independent directors’ sessions or meetings
throughout the year.
Board of Directors’ Principles and
Guidelines
 
In addition to directives laid out through the various committee
charters, our Board of Directors has adopted a set of principles
and guidelines, which guide their actions and direction. The
Governance and Nominating Committee reviews these principles
and guidelines regularly. A full copy of the Principles and
Guidelines of our Board of Directors is available on the
Company’s website www.wsfsbank.com (select “Investor
Relations” on the menu found under “About” and click on
“Governance” and then “Highlights”).
Access to and Communication with our
Board of Directors
Our Annual Report contains a letter cosigned by our Chairman,
President and CEO and our Lead Independent Director. It is
available on our website www.wsfsbank.com (select “Investor
Relations” on the menu found under “About” and click on
“Financials,” then “Annual Reports & Proxy”. This letter provides
additional insight on corporate governance and key philosophies
that guide our Board of Directors’ oversight of the Company.
Our Board of Directors also provides access and outreach to
stockholders through a number of other forums and strongly
encourages communications from stockholders. Stockholders
are provided regular updates through press releases and other
filings with the SEC. Our Board of Directors also solicits dialogue
and responds to questions from stockholders at the Annual
Meeting. Questions can be asked in person or submitted through
email at stockholderrelations@wsfsbank.com or by writing to
WSFS Financial Corporation, Investor Relations, WSFS Bank
Center, 500 Delaware Avenue, Wilmington, Delaware 19801.
During the year, stockholders who wish to send communications
to the Board of Directors may do so by writing to the attention of
Rodger Levenson, Chairman, WSFS Bank Center, 500 Delaware
Avenue, Wilmington, Delaware 19801. Communications sent to
Mr. Levenson are relayed to the rest of the Board of Directors.
Additionally, the Chairman of our Board of Directors and/or Lead
Independent Director periodically attends investor conferences
and other roadshows to solicit feedback on corporate
governance from institutional stockholders.
 
WSFS Bank 2026 Proxy Statement
26
Compensation of our Board of Directors
 
Our Board of Directors’ philosophy is to maintain director compensation near the median of annual compensation levels for our CPG.
We discuss the process for selection and use of our custom CPG later in the proxy under the section entitled Peer Group. The
Governance and Nominating Committee reviews Board of Directors’ compensation and committee fees annually and makes
recommendations for adjustments when and where they feel appropriate. The Governance and Nominating Committee also engages
an independent consultant to review director compensation levels in the market every two years. The Governance and Nominating
Committee reviewed the independent consultant’s analysis in 2025 and approved increases to director compensation that will take
effect in July 2026.
 
Board Retainer(1)
 
 
$120,000
(2)
Lead Independent Director Fee
 
 
$25,000
 
Committee Chair Fees(1)
Audit/Wealth Management Fiduciary Audit Committee Chair
 
$13,500
 
Governance and Nominating Committee Chair
 
$8,500
 
Leadership and Compensation Committee Chair
 
$11,000
 
Wealth Management Fiduciary Committee Chair
 
$8,500
 
Executive Committee Chair(3)
 
n/a
 
Risk Committee Chair
 
$8,500
 
Committee Fees and Special
Meeting Fees(1)(4)
Audit/Wealth Management Fiduciary Audit Committee
 
$14,250
 
Governance and Nominating Committee
 
$7,500
 
Executive Committee
 
$7,500
 
Risk Committee
 
$7,500
 
Leadership and Compensation Committee
 
$7,500
 
Wealth Management Fiduciary Committee
 
$7,500
 
(1)
Board members are expected to attend 75% or more of the scheduled meetings for the committees of which they are members.
(2)
Comprised of a $60,000 cash retainer paid in July and WSFS common stock issued annually equivalent to $60,000 based on the closing price of
WSFS common stock on Nasdaq on the second Friday in August 2025.
(3)
No fees are paid to Mr. Levenson in respect of his service as the Chair of the Executive Committee.
(4)
Committee Fees and Special Meeting Fees are paid to non-Associate Committee Chairs and Committee Members. Excludes regularly scheduled
Board meetings.
 
WSFS Bank 2026 Proxy Statement
27
Director Non-Qualified Deferred Compensation Plan
 
We offer a non-qualified deferred compensation plan for our Board of Directors. This program allows for retainer and meeting fees to
be deferred. It offers pre-tax, voluntary contributions, tax deferred earnings, investment choices and flexible payment options. The plan
is solely funded by the participant, and while the Company has discretion to make employer contributions, it has not exercised its
discretion to do so for directors. The plan was reviewed and approved by our Leadership and Compensation Committee and our Board
of Directors.
Director Compensation Table
The compensation paid to directors during 2025 is summarized in the following table. Mr. Levenson is not shown in this table because
he is compensated as an officer and did not receive any additional director compensation.
 
 
 
Directors
Fees Earned
or
Paid in Cash
 
 
Stock
Awards(1)
 
 
Total
 
Anat Bird
$  89,250
(2)
$ 60,000
$ 149,250
 
Francis B. Brake
 
101,000
 
 
60,000
 
161,000
 
Karen Dougherty Buchholz
 
90,000
 
 
60,000
 
150,000
 
Jennifer W. Davis
 
98,500
 (2)
 
60,000
 
158,500
 
Michael J. Donahue
 
89,250
 
 
60,000
 
149,250
 
Eleuthère I. du Pont
 
97,750
 
 
60,000
 
157,750
 
Nancy J. Foster
 
89,250
 (2)
 
60,000
 
149,250
 
Christopher T. Gheysens
 
122,750
 
 
60,000
 
182,750
 
Michelle Hong(3)
5,000
5,000
Lynn B. McKee
 
75,000
 
 
60,000
 
135,000
 
David G. Turner
 
110,250
 (2)
 
60,000
 
170,250
 
(1)
The aggregate fair value of the award on the date of grant, computed in accordance with Accounting Standards Codification 718 - Compensation -
Stock Based Compensation ("ASC Topic 718").
(2)
Contributed all fees earned in 2025 to the non-qualified deferred compensation plan.
(3)
Ms. Hong joined the Board in December 2025. Amounts reported reflect compensation attributable to Ms. Hong for the portion of the year in which
she served on the Board.
 
Compensation of Lead Independent Director
 
Effective July 1, 2025, Mr. Gheysens became the Lead Independent Director. During 2025, he was compensated $25,000 for serving
in that role in addition to his other compensation as a director.
 
WSFS Bank 2026 Proxy Statement
28
Proposal 2: Advisory Vote on NEO Compensation
EXECUTIVE COMPENSATION
 
We are seeking advisory (non-binding) stockholder approval of the compensation of our NEOs. This proposal gives you as a
stockholder the opportunity to endorse or not endorse our NEO compensation program through the following resolution:
 
“Resolved, that the stockholders approve the compensation of WSFS Financial Corporation’s named executive officers, as disclosed
pursuant to the compensation disclosure rules of the Securities and Exchange Commission (which disclosure shall include the CD&A,
the compensation tables and any related material) in this proxy statement.”
ABOUT OUR EXECUTIVE COMPENSATION PROGRAM
 
Our stockholders approved our 2025 “say-on-pay” vote, which we believe reflected the strength of our corporate governance program
and its alignment with our executive compensation program. Our executive compensation and corporate governance programs include:
Proactive stockholder outreach;
Company performance aligned with stockholder interests for long-term stockholder value creation;
Effective Proxy Statement compensation disclosure;
Clawback of cash and equity-based incentive compensation for executives; and
Double-trigger equity awards in the event of a change of control
This “say-on-pay” proposal gives our stockholders the opportunity to express their views on the compensation of our NEOs. This vote is
not intended to address any specific item of compensation, but rather our overall compensation philosophy and objectives with respect
to our NEOs. Accordingly, your vote will not directly affect or otherwise limit any existing compensation or award arrangement of any of
our NEOs.
 
Our Board of Directors believes that the compensation of our NEOs is appropriate and should be approved on an advisory basis by the
Company’s stockholders as more particularly outlined in the Executive Compensation Discussion and Analysis section.
ABOUT YOUR VOTE
The advisory proposal relating to executive compensation must receive a favorable vote of a majority of the shares present in
person by participation at the Annual Meeting or represented by proxy and entitled to vote on the proposal to be approved.
Abstentions will have the same effect as votes against the proposal and broker non-votes will have no effect on the outcome of
the proposal.
As an advisory vote, this proposal is not binding upon our Board of Directors or the Company. The Leadership and
Compensation Committee, however, values the opinions expressed by stockholders in their vote on this proposal and will
consider the outcome of the vote when making future compensation decisions for NEOs.
 
 
Image_32.jpg
The Board of Directors recommends a vote FOR approval of this advisory (non-binding) resolution relating to the
compensation of WSFS Financial Corporation’s NEOs.
WSFS Bank 2026 Proxy Statement
29
Executive Leadership Team
 
The following table sets forth: (i) each member of our Executive Leadership Team, including the executive officers of the Company, (ii)
his or her age as of  March 31, 2026, (iii) the current position of each member of our Executive Leadership Team and (iv) the period
during which such person has served in such position. Following the table is a description of each member of our Executive Leadership
Team’s principal occupation.
 
Name
Age
Position
Year Assumed
Current Position
Year Hired
by WSFS
Rodger Levenson
65
Chairman, President and CEO
  2020(1)
2006
Arthur J. Bacci
67
EVP, Chief Operating Officer
2024
2018
Lisa Brubaker
62
EVP, Chief Human Resources Officer
2024
1987
David Burg
52
EVP, Chief Financial Officer
2024
2024
Christine E. Davis
48
EVP, Chief Risk Officer
2022
1999
Jamie Hopkins
40
EVP, Chief Wealth Officer
2024
2023
Shari Kruzinski
56
EVP, Chief Consumer Banking Officer
2023
1989
Allan Matyger
47
EVP, Chief Information Officer
  2025(2)
2001
James Wechsler
38
EVP, Chief Commercial Banking Officer
2025
2010
(1) Mr. Levenson assumed the roles of President and CEO effective January 1, 2019, and Chairman of the Board of Directors effective January 1, 2020.
(2) Mr. Matyger assumed the role of Chief Information Officer effective May 1, 2025.
 
Biographies
For biographical information regarding Rodger Levenson, see "Other Continuing Directors."
Arthur J. Bacci
EVP, Chief Operating Officer
Age: 67 Year Assumed Current Position: 2024 Year Hired by WSFS: 2018
 
Arthur J. Bacci, has served WSFS as Executive Vice President and Chief Operating Officer Since August 15, 2024. From August of
2023 through August of 2024 Mr. Bacci assumed the additional role of interim Chief Financial Officer as well as serving as Chief Wealth
Officer, the role he held since joining the executive team at WSFS in 2018. Prior to joining WSFS, Mr. Bacci was a Vice President at
Principal Financial Group, a diversified global investment management firm, where he served as head of Principal’s Hong Kong
business from 2013 to 2018. He joined Principal in 2002 as Chief Financial Officer of Principal Trust Company (in Delaware). Prior to
Hong Kong, Mr. Bacci served as CEO/President of the trust company beginning in 2007 as well as for Principal Bank beginning in 2009.
Mr. Bacci served on the Board of GreenSky, Inc. Currently, he serves on the Delaware Business Roundtable Education Committee. Mr.
Bacci received his bachelor's degree in finance from San Jose State and an MBA from Santa Clara University. He has also participated
in leadership and management programs at the University of Pennsylvania Wharton School.
 
Lisa Brubaker
EVP, Chief Human Resources Officer
Age: 62 Year Assumed Current Position: 2024 Year Hired by WSFS: 1987
 
Lisa Brubaker, has served as Executive Vice President and Chief Human Resources Officer of WSFS Financial Corporation since
January 1, 2024. Ms. Brubaker served in the role of Chief Information Officer from August 2020 through November 2024. From May
2018 to August 2020, Ms. Brubaker served as Executive Vice President and Chief Technology Officer. She joined WSFS in 1987 and
has held a variety of leadership roles with increasing responsibilities throughout her WSFS career. Ms. Brubaker serves on the Board of
the Brandywine Red Clay Alliance, a watershed conservation organization in Southeastern Pennsylvania and New Castle County,
Delaware, and volunteers for the Delaware Nature Society, Girls Inc. of Delaware and the Delaware Humane Association. She earned
her bachelor's degree in biology from the University of Delaware.  Ms. Brubaker is a current Aresty Scholar at the Wharton School’s
Aresty Institute of Executive Education where she has completed several programs under the Certificate of Professional Development
curriculum in the areas of leadership, finance, and technology.
 
WSFS Bank 2026 Proxy Statement
30
David Burg
EVP, Chief Financial Officer
Age: 52 Year Assumed Current Position: 2024 Year Hired by WSFS: 2024
 
David Burg has served as Executive Vice President and Chief Financial Officer since August 2024. Prior to WSFS, Mr. Burg spent
nearly 17 years at Citigroup, most recently as Head of Strategy and Execution for Legacy Franchises. He also served as Chief Financial
Officer for the entire Latin America region from 2021 to 2023 and as Chief Financial Officer of Citigroup's Treasury and Trade Solutions
businesses from 2017 to 2021. In these roles, he was responsible for financial reporting, financial planning and analysis, treasury
management and strategy. Prior to Citigroup, he was an Engagement Manager at McKinsey & Company and also held various roles at
General Electric. Mr. Burg holds an MBA in finance from Columbia Business School, as well as a master's degree in materials science
and engineering from Columbia University. He earned his bachelor's degree in applied science and engineering from Rutgers
University.
 
Christine E. Davis
EVP, Chief Risk Officer
Age: 48 Year Assumed Current Position: 2022 Year Hired by WSFS: 1999
 
Christine E. Davis has served as Executive Vice President and Chief Risk Officer since March 2022. Ms. Davis has been with WSFS for
over 25 years, holding many different roles within Internal Audit. In her prior role as Chief Auditor, she directed and oversaw the
continuous development and implementation of a comprehensive and effective Internal Audit Program throughout the organization,
including its subsidiary companies, and previously served as the Deputy Chief Auditor. Ms. Davis serves on the Boards of the Delaware
Bankers Association and Delaware Financial Education Alliance. Ms. Davis holds a Certified Public Accountant (CPA) certificate in
Delaware and a bachelor’s degree in accounting from Pennsylvania Western University.
 
Jamie Hopkins
 
EVP, Chief Wealth Officer
Age: 40 Year Assumed Current Position: 2024 Year Hired by WSFS: 2023
 
Jamie Hopkins has served as Executive Vice President and Chief Wealth Officer since August 2024. Prior to his current role, Mr.
Hopkins was Director of Private Wealth Management for Bryn Mawr Trust. Prior to joining WSFS, he was Managing Partner at Carson
Group, where he was responsible for the growth of their private wealth management business and contributed to their retirement
planning initiatives. Mr. Hopkins is the Founder of FinServ Foundation, a nonprofit dedicated to coaching and developing the next
generation of financial professionals. He serves on the FinServ Foundation Board, along with the Wealth.com, C2P Enterprises, Focal,
and Wing.app Advisory Boards and previously served as national trustee member of the National Association of Insurance and
Financial Advisors (NAIFA). Mr. Hopkins holds an LLM from Temple University Beasley School of Law, a JD from Villanova University
Charles Widger School of Law, a master's degree in financial planning from the American College of Financial Services and an MBA
from Villanova University.
 
Shari Kruzinski
EVP, Chief Consumer Banking Officer
Age: 56 Year Assumed Current Position: 2023 Year Hired by WSFS: 1989
 
Shari Kruzinski, has served as Executive Vice President and Chief Consumer Banking Officer since January 2023. Previously, she
served as Executive Vice President and Chief Customer Experience Officer from October 2021 to January 2023 and as Executive Vice
President and Director of Retail Delivery from May 2021 until October 2021. Prior to that, from 2008 until May 2021 she was Senior
Vice President and Regional Manager of WSFS Bank’s Southeastern Pennsylvania market. Her responsibilities included heading
WSFS Bank’s retail operations, and consumer and small business banking in Chester, Delaware and Montgomery Counties. Ms.
Kruzinski joined WSFS in 1989 and has held many leadership positions within the Retail Division throughout her 35+ years with the
Company. Ms. Kruzinski serves on the Board of the Greater Philadelphia Market Board of the March of Dimes. She attended
Wilmington University and is a graduate of ABA Stonier Graduate School of Banking.
WSFS Bank 2026 Proxy Statement
31
Allan Matyger
EVP, Chief Information Officer
Age: 47 Year Assumed Current Position: 2025 Year Hired by WSFS: 2001
Allan Matyger, has served as Executive Vice President and Chief Information Officer since May 2025. Previously, he served as Senior
Vice President and Chief Technology Officer for Cash Connect®, a division of WSFS Bank and a leading national provider of ATM cash
management, remote cash capture solutions, and optimized cash logistics. He joined Cash Connect® in 2001 and has served in various
senior roles during his nearly twenty-five years with the Company. Mr. Matyger received a Bachelor of Science degree in Computer and
Information Science from the University of Delaware.
 
James Wechsler
EVP, Chief Commercial Banking Officer
Age: 38 Year Assumed Current Position: 2025 Year Hired by WSFS: 2010
 
James "Jim" Wechsler has served as Executive Vice President and Chief Commercial Banking Officer since January 2025. Prior to his
current role, he served as Chief Operating Officer of Commercial Banking. He has also held various senior positions at WSFS, including
leading Corporate Development, Strategic Planning, Consumer Lending and Small Business Banking. He serves on the Board of Bryn
Mawr Hospital Foundation and JFCS of Greater Philadelphia, and previously served on the board of SpringEQ until its sale in 2023.  Mr.
Wechsler earned his bachelor's degree in finance from the University of Delaware and his MBA in finance and strategic management
from Villanova University.
WSFS Bank 2026 Proxy Statement
32
Executive Compensation Discussion and Analysis
 
In this Executive Compensation Discussion & Analysis ("CD&A"), we explain our 2025 compensation program for our Executive
Leadership Team, including our CEO, our Chief Financial Officer ("CFO") role and our three highest paid other executive officers listed
below. Our Leadership and Compensation Committee has designed our executive compensation program to reflect our pay-for-
performance philosophy, with oversight from our Board of Directors and guidance and assistance from its independent compensation
consultant, Frederic W. Cook & Co., Inc. ("FW Cook"). Principally, our executive compensation program is designed to align the
interests of senior leadership with our stockholders and our long-term success.
Named Executive Officers
Rodger Levenson
David Burg
Chairman, President, and Chief
Executive Officer
Executive Vice President, Chief
Financial Officer
Arthur J. Bacci
Lisa Brubaker
Shari Kruzinski
Executive Vice President, Chief
Operating Officer
Executive Vice President, Chief
Human Resources Officer
Executive Vice President, Chief
Consumer Banking Officer
Summary
 
In 2025, we compensated our executive officers using a combination of base salary and both short-term and long-term incentive awards
for their performance. Under the Executive Leadership Team Incentive Plan ("ELTIP"), we award a mix of service-based equity grants,
in the form of Restricted Stock Units ("RSUs"), performance-based equity grants, in the form of Performance Stock Units ("PSUs"), as
well as cash-based incentives to our executive officers on an annual basis, as described further in this CD&A. We believe that a mix of
short-term and long-term award opportunities will appropriately compensate and reward executive officers for both near-term results
and for creating long-term sustainability.
 
WSFS Bank 2026 Proxy Statement
33
How Executive Compensation Decisions Are Made
 
Compensation decisions are made by our Leadership and Compensation Committee, considering input from management, FW Cook,
and our stockholders (vis-à-vis say-on-pay votes), and through examination of compensation practices of a CPG, identified in
consultation with FW Cook, that we believe is representative of those companies with whom we compete for talent. These varying roles
are each described below.
 
LEADERSHIP AND COMPENSATION COMMITTEE
 
BOARD OF DIRECTORS
 
 
 
 
 
 
Ensures that personnel
and compensation
policies support our
strategic plan and
comply with all
applicable legal and
regulatory requirements
Reviews performance
from prior year
Considers results of
stockholders’ advisory
votes on executive
compensation
 
Considers all factors,
including CEO’s
assessment of NEO
performance, when
making compensation
decisions
Makes final
compensation
decisions for CEO;
approves final
compensation
decisions for NEOs
 
 
 
 
 
 
 
 
MANAGEMENT
COMPENSATION CONSULTANT(1)
STOCKHOLDERS
 
 
 
•  Key roles played by our CEO and our
Chief Human Resources Officer;
•  Assist with executive compensation
reviews, incentive program designs,
risk assessments of compensation
programs;
•  Focus on competitiveness and
alignment of our compensation
program with our strategic goals;
•  Recommend changes to compensation
programs where appropriate; and
•  Recommend pay levels and incentive
plan payments for executive officers,
except for the CEO.(3)
•  Retained solely by the Leadership and
Compensation Committee, only
provides services specifically
authorized by the Leadership and
Compensation Committee and reports
directly to the committee chair;
•  Conducts a formal evaluation of our
executive compensation program
annually; and
•  Guides on best practices with regard
to short term cash incentives, long-
term equity awards, and other
executive compensation plans,
policies and designs.
•  Say-on-pay votes conducted annually;
•  Frequency of say-on-pay votes revisited
every six years;(2)
•  2025 say-on-pay vote was approved by
more than 98% of the shares present in
person by participation at the Annual
Meeting or represented by proxy and
entitled to vote on the proposal; which
illustrates our stockholders' support for
our approach to executive
compensation; and
•  Informs ongoing executive compensation
plan and program design considerations.
 
(1) The Leadership and Compensation Committee selected FW Cook as its independent advisor in late 2024.  FW Cook does not have a personal or business relationship
with any member of the Leadership and Compensation Committee. The Leadership and Compensation Committee assessed the independence of FW Cook in light of SEC
rules regarding compensation consultant independence. As part of this assessment, the Leadership and Compensation Committee reviewed FW Cook’s letter addressing
factors related to its independence and concluded that the services provided by FW Cook to the Leadership and Compensation Committee do not raise any conflict of
interest issues.
(2) The next required vote on the frequency of advisory say-on-pay votes will occur during our 2029 Annual Meeting of Stockholders.
(3) The CEO does not participate in decisions regarding his compensation.
 
 
WSFS Bank 2026 Proxy Statement
34
Elements of Compensation
Our long-term financial objective is to be a sustainable, high-performing company, and we have designed our compensation practices
toward attracting and retaining high-quality Associates and motivating and rewarding them for strong performance and creating
alignment with the interests of our stockholders. The components of 2025 executive compensation were base salary, short-term cash
incentive awards, long-term equity incentive awards and other benefits. The Leadership and Compensation Committee also has the
authority to exercise discretion during the course of the year and consider discretionary bonuses, on a case-by-case basis.  The
Leadership and Compensation Committee did not approve any discretionary bonuses in 2025.
As reflected in the charts below, 80% of our CEO’s target total 2025 compensation was variable or “at risk,” and an average of 64% of
our other NEOs’ target total 2025 compensation was variable or “at risk.” We believe the mix of compensation elements paid to our
executive officers incentivizes the strong performance needed to meet our objectives. In the following section, we describe these
elements of our executive compensation, including how we determine the amounts for each element, why each element is included in
our executive compensation program and the actual payments resulting from our pay-for-performance incentive programs.
505
506
  
509
510
 
WSFS Bank 2026 Proxy Statement
35
Base Salary and Other Benefits
Variable Compensation
(Short-Term Cash Incentives and Long-Term Equity Incentives)
Purpose: Significant tool for recruiting, motivating,
and retaining top talent.
Purpose: Incentivize and compensate executives based on
achievement of Company-wide and individual goals rewarding
for near-term results and creating long-term sustainability.
Base Salary
A stable source of income and serves as a base amount
for pay-for-performance determinations.
Weighs executives’ qualifications, experience,
responsibilities, individual performance, and value
compared to similar positions in our CPG for market
competitiveness.
Considers expected responsibilities of executives,
special circumstances related to staffing needs, and
market situations.
Market-based data utilized for newly hired executives’
amounts; salary requirements of other candidates
being considered; and current compensation levels of
peer executives at WSFS.
 
Other Benefits
Includes a non-qualified deferred compensation plan,
401(k) contributions, development allowance and minimal
perquisites.
ELTIP – Short-Term and Long-Term Incentives
Short-Term Incentive ("STI"): Short-term incentive awards are annual,
cash-based incentives tied to achievement of financial, strategic, and
individual goals that reflect profitable results, strong returns, and sound
positioning for future performance. They award opportunities utilizing
individual and Company-wide goals. Except for our CEO, 80% of each
executive’s STI is based on a Company-wide performance score and
20% is based on individual performance. The CEO’s STI is based
entirely on the Company-wide performance score. The Company-wide
performance score metrics for the STI in 2025 were Adjusted ROA(1),
Adjusted ROTCE(1), Adjusted EPS(1), and Strategic Performance, each
weighted equally at 25% of the Company-wide performance score. The
Strategic Metric was based on results of Associate engagement and
Company culture, community impact as measured through corporate
volunteer hours and executive management's leadership and direction
during the rollout of the 2025-2027 strategic plan. Our intent is that
management interests with respect to earning annual incentives are
aligned with shareholder interests.
 
Annual short-term incentives under the ELTIP are usually granted as a
cash award as a percentage of the executive officer’s base salary
based on threshold, target and maximum performance targets set by
the Leadership and Compensation Committee, but may be granted as
equity awards.
 
Long-Term Incentive ("LTI"): Long-term incentive awards consist of
RSUs and PSUs whose ultimate value is tied directly to share price
experienced by our shareholders. Vesting and performance
requirements emphasize a strategic, multi-year perspective and
achievement of competitive results versus the marketplace. RSUs are
in the form of restricted stock units that generally vest in equal
installments over three years. PSUs vest according to performance as
measured by the Leadership and Compensation Committee at the end
of a 3-year period based on the Company’s cumulative Adjusted ROA(1)
performance relative to the KBW Nasdaq Regional Bank Index (KRX)
for the same period. Our intent is that management’s long-term
interests with respect to earning and vesting shares are aligned with the
long-term interests of our shareholders.
(1)
These are non-GAAP measures and should be considered along with results prepared in accordance with GAAP, and not as a substitute for GAAP
results. Additional details can be found in “Appendix A – Non-GAAP Reconciliations”.
 
WSFS Bank 2026 Proxy Statement
36
 
Short-Term Cash Incentive Compensation Determination Process
 
  
 
 
 
Company-wide
Performance
Goals
Annually, the Leadership and Compensation Committee reviews our metrics and establishes Company-wide
targets on the chosen metrics. In selecting the metrics, the Leadership and Compensation Committee
considers our short-term and long-term business strategy, the current business environment, and the interests
of stockholders.
The Company reviews and adjusts, as necessary, performance metrics at the onset of a new performance
period. This review process helps ensure that Company-wide goals used for incentive plans support the
Company’s overall strategy, accommodate any shifts in strategy from year-to-year or during market changes
and reflect past experiences and best practices. The Leadership and Compensation Committee has discretion
to modify awards, including downward if appropriate. Examples of potential events or factors that Leadership
and Compensation Committee may consider in reducing or eliminating awards include but are not limited to:
downgrading of the Bank’s regulatory examination results, imposition of regulatory enforcement actions, or
excessive non-performing assets.
 
 
Individual
Performance
Goals
Annually, each executive officer (other than the CEO, whose short-term incentive award is based solely on
company-wide performance) develops individual performance goals for the year consistent with that year’s
financial plan, the current three-year strategic plan, and their personal professional growth.
Through an iterative, collaborative process, the executive officers and the CEO agree to the final individual
performance goals. Individual performance goals are tailored to each executive officer’s function and particular
area of responsibility, and may cover a wide variety of performance measures, including, but not limited to,
financial performance, customer engagement, operational milestones, and other matters.
 
 
 
 
 
Weighting the
Goals
Subject to final approval by our Board of Directors, the Leadership and Compensation Committee has final
discretion to determine the amounts of final award payouts to all our executive officers, with the exception of
the CEO, which is at the recommendation of the Leadership and Compensation Committee and at the final
discretion of the Board of Directors.
Weighting percentage for short-term cash incentives is 80% for Company-wide performance and 20% for
individual performance determined by measures and objectives established in discussion with the CEO.  The
CEO's performance is based completely on the Company-wide performance.
The Leadership and Compensation Committee believes that the more senior the rank of the executive, the
more responsibility that executive has for Company-wide performance. As a result, as seniority increases, the
weighting of Company-wide performance measurement criteria compared to individual performance criteria
generally also increases, such that Company-wide performance plays a larger role in determining the amount
of incentive awards provided to such executives. Similarly, individual and business unit performance goals play
a larger role in determining the amount of the incentive award for less senior executives as compared to overall
Company-wide performance.
 
WSFS Bank 2026 Proxy Statement
37
Peer Group
Periodically, the Leadership and Compensation Committee engages its third-party compensation consultant to conduct a formal review
of our executive compensation program. The Leadership and Compensation Committee requests these reviews to assess competitive
compensation levels for Executive Leadership and the alignment of base compensation, incentives, and equity awards with our
compensation philosophy. As part of this process, the Leadership and Compensation Committee reviews the programs and practices of
a custom CPG, in addition to other relevant market compensation data sources. In selecting comparable companies for inclusion in the
CPG, we consider a number of factors including SEC-reporting status, listing on a major stock exchange, and location; along with
measures of company size including total assets, revenues, market capitalization, size of workforce, etc. Our intent is that WSFS rank
near the middle of the peer group when multiple size factors are considered. We update our CPG as an integral step in conducting
formal reviews of marketplace compensation levels and practices.
Based on data obtained from S&P Global, our ending assets were below the 50th percentile of the CPG; while our revenues, market
capitalization, and workforce size all ranked at or above the 50th percentile. We also note that our reported return on assets of 1.36%
ranked at 75th percentile of companies in the CPG, which supports our long-term top-quintile performance philosophy.
Listed below are members of our 2025 CPG along with individual company data. Results shown in the table below are as of December
31, 2025. Results shown in the table below are as of December 31, 2025, unless indicated otherwise in the accompanying footnotes.
 
 
 
Rank
 
 
Company Name
 
 
Ticker
 
 
State
Total Assets($mm)(1)
Return on
Assets (%)(1)
1
Commerce Bancshares, Inc.
CBSH
MO
32,915
1.76
2
Ameris Bancorp
ABCB
GA
27,516
1.53
3
United Bankshares, Inc.
UBSI
WV
33,660
1.46
4
Hancock Whitney Corporation
HWC
MS
35,473
1.38
5
Cathay General Bancorp
CATY
CA
24,230
1.33
6
Fulton Financial Corporation
FULT
PA
32,118
1.22
7
Provident Financial Services, Inc.
PFS
NJ
24,981
1.19
8
UMB Financial Corporation
UMBF
MO
73,094
1.14
9
Associated Banc-Corp
ASB
WI
45,203
1.08
10
Customers Bancorp, Inc
CUBI
PA
24,896
0.95
11
Independent Bank Corp.
INDB
MA
24,913
0.93
12
TowneBank
TOWN
VA
19,687
0.93
13
Berkshire Hills Bancorp, Inc(2)
BHLB
MA
12,035
0.92
14
Atlantic Union Bankshares Corp.
AUB
VA
37,586
0.88
15
Pacific Premier Bancorp, Inc.(2)
PPBI
CA
17,783
0.76
16
OceanFirst Financial Corp
OCFC
NJ
14,564
0.51
17
Sandy Spring Bancorp, Inc(2)
SASR
MD
14127
0.14
18
Simmons First National Corporation
SFNC
AR
24,541
(1.55)
 
Average
 
 
28,851
0.92
 
25th Percentile
 
 
19,211
0.85
 
50th Percentile
 
 
24,947
1.01
 
75th Percentile
 
 
34,113
1.34
 
WSFS Financial Corporation
WSFS
DE
21,314
1.36
 
Percentile Rank
 
 
30th
75th
(1)
Financial data is provided by S&P Global Market Intelligence database.
(2)
Peer was acquired during 2025. Financial data presented is as of the last public filing prior to acquisition.
 
WSFS Bank 2026 Proxy Statement
38
2025 Executive Compensation Summary
Base Salary
Our compensation philosophy has been to review base salaries as compared to the market 50th percentile, consider individual
performance, skills and experience, and determine an appropriate base salary based on all these factors. Mr. Levenson’s actual 2024
and 2025 base salary increases represent approximately the market 50th percentile salary for CEOs in comparable banks including
our CPG and additional banking industry compensation survey data.
 
For 2025, our Board of Directors approved NEO base salary changes as shown in the following table.
2026 to 2025
2025 to 2024
Name
2026
% Increase
2025
% Increase
2024
Rodger Levenson
$1,039,682
3.0%
$1,009,400
3.0%
$980,000
David Burg
599,654
3.0
582,188
1.3
575,000
Arthur J. Bacci
633,357
3.0
614,910
3.0
597,000
Lisa Brubaker
460,700
7.0
430,560
4.0
414,000
Shari Kruzinski
426,482
3.0
414,060
3.0
402,000
Executive Leadership Team Incentive Plan
Under the ELTIP for 2025, our executives were eligible for both short-term cash incentive awards and long-term equity incentive awards
in the form of time-vested RSUs and performance-based PSUs.
2025 ELTIP Determination Process — Short-Term Incentives
We designed the short-term cash portion of the ELTIP to reward executives for excellence in performance on key financial and strategic
metrics determined by our Board of Directors and the Leadership and Compensation Committee.
The Leadership and Compensation Committee selected Adjusted ROA, Adjusted ROTCE, Adjusted EPS, and a Strategic Performance
metric as the Company-wide performance measures for the short-term cash incentive awards under the ELTIP for 2025. All three
financial measures are non-GAAP financial measures and may not be comparable to similar non-GAAP financial measures used by
other companies. All three financial measures were also subject to adjustment based on the quality of earnings review described below.
For the Strategic Performance metric, the Leadership and Compensation Committee identified and evaluated Associate engagement
and Company culture, community impact and executive management's direction and leadership rolling out the 2025-2027 strategic
plan. For individual performance and contribution, our CEO collaborates with and sets individual performance goals for our Executive
Vice Presidents who form part of our Executive Leadership Team (each, an "EVP") which include specific operational and performance
metrics pertinent to each EVP’s area of responsibility. Examples of these individual performance goals are asset quality metrics, service
level agreement performance, area specific growth initiatives and strategic planning.
Our ELTIP design also incorporates the following:
A “quality of earnings review” used to consider adjustments from GAAP reported earnings to ELTIP earnings;
Award opportunities based on specified percentages of base salary for threshold, target, and maximum achievement by
executive officers; and
A proportional approach (interpolation) used to calculate incentive payouts for the performance results that fall between
threshold, target and maximum levels.
WSFS Bank 2026 Proxy Statement
39
Short-Term Cash Incentive Performance Targets
The following table shows our 2025 performance metrics under the ELTIP.
Short-Term Incentive Company Score(1)
Threshold
Target
Maximum
  Weighting  
Adjusted ROA
0.99%
1.24%
1.36%
25%
Adjusted ROTCE
12.40%
15.50%
17.05%
25%
Adjusted EPS
$3.62
$4.52
$4.97
25%
Strategic Performance
25%
(1)
Threshold, Target, and Maximum performance goals are evaluated and based on our Quality of Earnings approach when setting each goal and
when comparing against the publicly available financials of our peer group ("KRX").
For 2025, the table below reflects the target values of each of our NEO’s short-term cash incentive award under the ELTIP as a percent
of base salary. Payment of short-term cash incentive awards under the ELTIP occurs no later than March 15th of the year following the
performance period.
 
Name
Threshold
Target
Maximum
Rodger Levenson
55%
110%
165%
David Burg
33%
66%
100%
Arthur J. Bacci
33%
66%
100%
Lisa Brubaker
33%
66%
100%
Shari Kruzinski
33%
66%
100%
 
2025 Quality of Earnings Review
In connection with administering the short-term cash incentive component of the ELTIP, the Leadership and Compensation Committee
conducts a “quality of earnings” review under which it evaluates any unusual, one-time items generally greater than $5.0 million, after
tax, that impact cash, equity and earnings, and considers them for adjustments for the purposes of calculating relevant performance
measures. Any “quality of earnings” evaluations are made with a strong bias towards ensuring that management is accountable for
reported results.
For 2025, the Leadership and Compensation Committee’s review concluded that certain items should be excluded from our reported
earnings for the purposes of calculating Adjusted ROA, Adjusted ROTCE, and Adjusted EPS as it relates to the ELTIP STI.
Fee revenue was adjusted by a total of $7.0 million (pre-tax) for the following items:
Excludes $4.1 million impairment loss on one of our equity investments;
Excludes $3.9 million net loss on our Visa B derivative liability established from our previous sale of 360,000 shares in 2Q 2020;
Excludes $1.0 million gain on sale of equity investments related to the sale of Spring EQ.
Expenses were adjusted by a total of $2.0 million (pre-tax) for the following items:
Excludes $1.5 million loss on early extinguishment of debt, primarily related to accelerated costs from the redemption of $150
million of Senior Notes due 2030;
Excludes $0.5 million of corporate development and restructuring expenses.
      The total impact of the above items adjusted the income tax provision by $2.1 million.
WSFS Bank 2026 Proxy Statement
40
As a result, solely for the purpose of determining achievement in 2025 of the Company-wide performance measures under the Quality
of Earnings methodology, our Adjusted ROA, Adjusted ROTCE, and Adjusted EPS were adjusted up from their GAAP equivalents to
1.39%, 17.96%, and $5.21, respectively. The following table shows our 2025 adjusted results.
Our ELTIP STI performance rating is calculated from the equally weighted results for Adjusted ROA, Adjusted ROTCE, Adjusted EPS
and Strategic Performance against each participant’s pre-established performance targets. These results are interpolated based on a
performance score of 1 for “Threshold”, 2 for “Target”, and 3 for “Maximum.”
 
2025 ELTIP STI Performance Metrics(1)
 
Goals(2)
Threshold
Target
Maximum
WSFS Results
Result
Adjusted ROA
0.99%
1.24%
1.36%
1.39%
Maximum
Adjusted ROTCE
12.40%
15.50%
17.05%
17.96%
Maximum
Adjusted EPS
$3.62
$4.52
$4.97
$5.21
Maximum
Strategic Performance
See description below
Target+
Aggregate Result
Target+
(1)
Threshold, Target, and Maximum performance goals are evaluated and based on our quality of earnings approach when setting each goal and
when comparing against the publicly available financials of our peer group ("KRX").
(2)
Adjusted ROA, Adjusted ROTCE and Adjusted EPS are non-GAAP financial measures and should be considered along with results prepared in
accordance with GAAP, and not as a substitute for GAAP results. Additional details can be found in “Appendix A – Non-GAAP Reconciliations.
Strategic Performance
As described earlier, the Leadership and Compensation Committee identified and evaluated three components in the Strategic
Performance metric: Associate engagement and Company  culture, community impact and the rollout of the 2025-2027 strategic plan.
The weighted score of Strategic Performance metric was at Target+.
Based on the Company’s achievement in 2025 against the three performance metrics and the continued leadership and strategic
direction provided by the Executive Leadership Team during the year, the Leadership and Compensation Committee granted and our
Board of Directors approved a short-term cash incentive award to our CEO in an amount equal to 154% of base salary (140% of his
target incentive of 110% of salary). The CEO’s short-term cash award is based on 100% of the aforementioned company performance
metrics. The other NEOs' short-term cash awards have an 80% Company performance and 20% individual performance weighting,
which resulted in payouts averaging 89% of base salary (135% of their target incentive of 66% of salary).
Base
STI Target
STI Payout (1)
Name
Salary
% of Salary
$ Value
% of Target
$ Value
Rodger Levenson
$1,009,400
110%
$1,110,340
140%
$1,550,312
David Burg
582,188
66%
384,244
137%
527,160
Arthur J. Bacci
614,910
66%
405,841
135%
548,844
Lisa Brubaker
430,560
66%
284,170
136%
386,057
Shari Kruzinski
414,060
66%
273,280
133%
362,534
(1)
Excludes one-time cash payments.
Long-Term Equity Incentive Award
Long-term incentive equity is awarded to the CEO and other NEOs in the form of RSUs and PSUs with a 40% and 60% split,
respectively, assuming that PSUs are ultimately earned for 50th percentile performance ranking as described below. At target, the grant
date value of awards equal to a percent of base salary is 190% of salary for the CEO and 70% of salary for other NEOs.
The CEO and other NEOs were awarded RSUs and PSUs based on the calculations described below. In addition, PSUs were granted
at the target level based on the calculations described below, and subject to adjustments based on performance over the three-year
performance period.
WSFS Bank 2026 Proxy Statement
41
RSU Grant Details
RSUs are generally granted with the grant date value equal to a percent of base salary divided by the share price on the grant date.
The grant date value equals 76% of salary for the CEO and 28% of salary for other NEOs. RSUs vest in equal annual installments
generally over three years.
PSU Grant Details
The maximum number of PSUs that can be earned by the CEO and other NEOs is 200% of their target grant. For NEOs, the calculation
is based on 84% of the salary of each NEO. Actual PSUs earned for the three-year performance period ending December 31, 2027 are
based on the Company’s cumulative Adjusted ROA. The Company’s results are compared to the performance of companies in the KRX
index to determine our percentile ranking. If the Company’s performance ranking is at the 25th, 50th, 75th or 100th percentiles,
grantees will receive  50%, 100%, 150% or 200% of their target PSUs, respectively. If performance ranks below the 25th percentile, no
PSUs are earned. Interpolation is used to determine the number of PSUs earned for a ranking between the 25th and 100th percentiles.
Earned PSUs are also subject to cliff-vesting at the end of the performance period.
The below table reflects the NEO’s long-term equity incentive opportunity under the ELTIP as a percent of his or her base salary.
 
 
 
 
Name
RSU Grant Date Value as Percent of Salary
76%
PSU Grant Date Value as Percent of Salary
57%
114%
171%
228%
Rodger Levenson
25th Percentile
Performance
Ranking
50th Percentile
Performance
Ranking
75th Percentile
Performance
Ranking
100th Percentile
Performance
Ranking
 
 
 
 
Name
RSU Grant Date Value as Percent of Salary
28%
PSU Grant Date Value as Percent of Salary
21%
42%
63%
84%
David Burg
25th Percentile
Performance
Ranking
50th Percentile
Performance
Ranking
75th Percentile
Performance
Ranking
100th Percentile
Performance
Ranking
Arthur J. Bacci
Lisa Brubaker
Shari Kruzinski
2023 PSU Awards Performance Results
In February 2023, we issued the 2023 PSU Awards based upon a three-year performance period that concluded on December 31,
2025. These awards were measured using the Company’s cumulative Adjusted ROA as a percentile of the KRX Index. The below table
reflects the earned amount of the 2023 PSU Awards at the 76th percentile, or a Target+ rating.
Name
Target # of
Shares or Units
of Stocks
Granted
# of Shares or
Units of  Stocks
Earned
(Target+)
Rodger Levenson
20,557
31,245
David Burg
Arthur J. Bacci
3,534
5,370
Lisa Brubaker
3,398
5,165
Shari Kruzinski
3,297
5,011
WSFS Bank 2026 Proxy Statement
42
Compensation Risk Assessment
The CEO, Chief Human Resources Officer, Chief Risk Officer and the Leadership and Compensation Committee, with advice from its
compensation consultant, have reviewed the Summary Incentive Compensation Review containing a description of all compensation
components for each executive officer, including base salary, incentive compensation and all of our incentive compensation plans. They
have determined that the compensation packages awarded to our executive officers, and others, are consistent with our goals to
provide compensation that is competitive with our peers, that drives financial performance without undue risk, and aligns the interests of
our executive officers, and others, with those of our stockholders. In addition, during 2025, the Leadership and Compensation
Committee reviewed an analysis of all incentive plans conducted by our Chief Risk Officer and concluded that our compensation
program is balanced and does not encourage imprudent risk taking. Accordingly, we believe our executive and management
compensation plans are reasonable, pay-for-performance-based, competitive, not excessive, and do not encourage our executives or
any of our Associates to take actions that pose an unnecessary or excessive risk that would threaten the value of our Company and do
not unnecessarily expose our Company to risks or encourage the manipulation of reported earnings to enhance the compensation of
management.
The Leadership and Compensation Committee awards equity grants annually, generally at its February meeting. Grants may be
recommended at other times during the year for special circumstances, such as the hiring of a new executive.
WSFS did not, during the year ended December 31, 2025, grant new awards of stock options, stock appreciation rights or similar
option-like instruments and does not have a current practice of doing so.  Accordingly, it does not have a policy on the timing of awards
of such instruments in relation to the disclosure of material nonpublic information.  In the event WSFS determines to grant new awards
of such instruments, the Board expects to evaluate appropriate steps to take in relation to the foregoing.  WSFS has not timed the
disclosure of material nonpublic information for the purpose of affecting the value of executive compensation.
WSFS Bank 2026 Proxy Statement
43
Benefits
401(k) Employer Contribution
We provide a 401(k) program that allows Associates to contribute a portion of their pre- and after-tax earnings towards retirement
savings. We offer a Company match to all Associates enrolled in our 401(k) plan as a component of total compensation and encourage
them to participate in the 401(k) program. We match the first 5% of an Associate’s contribution dollar-for-dollar up to IRS limitations.
Development Allowance
We provide a Development Allowance to our executive officers that provides up to $35,000 per year for the CEO and up to $12,500 per
year for the Executive Leadership Team. These amounts reflect our growth and executive involvement in expanded markets. Allowable
expenses under the Development Allowance include items that improve an executive’s networking and business development
prospects, personal health, time management and general well-being in a way that can reasonably be expected to result in
improvements to their productivity as one of our executives. CEO expenditures must be approved by the Lead Independent Director.
Expenditures by EVPs must be approved by the CEO.
Relocation Benefits
Separate from the above allowance, executives who are recruited from outside our market may be reimbursed for costs associated with
their transitional relocation.
Retirement Plans
We do not maintain a tax-qualified non-contributory retirement plan (pension plan). However, we do provide continuation of medical
benefits to Associates, including our executive officers, who retire, should they elect to participate in the benefit. We provide
supplemental contributions toward retiree continuing medical coverage costs. For 2025, our contribution towards this supplement was
capped at $4,676 per retiree but may have been less based on length of service at time of retirement of each retiree, irrespective of
annual increases to the cost of the medical benefit premium. We limit our increases to no more than 4% annually.
Employment Agreements
Because of our corporate philosophy which emphasizes commitment based on performance, we do not have employment agreements
for our NEOs. We have a formal severance policy for our Chief Executive Officer, the Executive Vice Presidents who report to him, and
other individuals who serve critical roles as identified by the CEO and approved by the Leadership and Compensation Committee,
which provides payments to NEOs if their employment is terminated without cause or under certain conditions following a change in
control. Further details concerning the severance policy are provided in the section entitled “Potential Payments upon Termination or
Change in Control.”
WSFS Bank 2026 Proxy Statement
44
Executive Compensation Policies
Clawback Policy
The Leadership and Compensation Committee reserves the right to recover ("clawback") any covered incentives that were paid due to
fraudulent activity, inaccurate performance criteria or reporting, or errors in financial statements that are required to be restated. Our
clawback policy covers time- and performance-based equity awards and cash incentive compensation. The SEC adopted final rules
implementing the incentive-based compensation recovery provisions of the Dodd-Frank Act, and Nasdaq has adopted listing standards
consistent with the SEC rules, effective as of October 2023. In compliance with those standards, the Board of Directors approved a
Compensation Clawback Policy in August 2023 in general alignment with the SEC clawback rules and Nasdaq listing standards. Our
Board of Directors has the sole authority to interpret, apply and implement this policy. Under this policy, the Leadership and
Compensation Committee may require executive officers, within the meaning of Rule 10D-1 of the Exchange Act, who were employed
by the Company or a subsidiary of the Company during the applicable recovery period, to forfeit and reimburse any bonus, award or
incentive compensation paid under a benefit plan to the extent that such bonus, award or incentive compensation was due to or was
based on statements of earnings, revenues, gains, the performance metric criteria of a benefit plan or other criteria that were later found
to be materially inaccurate by the Leadership and Compensation Committee. Executive officers are subject to clawback provisions in
the event the Company is required to prepare an accounting restatement due to the material noncompliance by the Company during the
three completed fiscal years preceding the date the restatement is determined to be filed. In such event, the Leadership and
Compensation Committee will conduct a review of awards covered by the policy and recoup any erroneously awarded incentive-based
compensation to ensure that the ultimate payout gives retroactive effect to the financial results as restated. In addition, if an executive
officer engages in misconduct that, in our Board of Directors’ discretion, directly or indirectly causes a material adverse effect to the
Company, our Board of Directors may require forfeiture or reimbursement of time- and performance-based equity and cash awards
during the three-year period preceding the commission of the act of misconduct. Our clawback policy is scheduled to be reviewed again
in 2026.
Stock Ownership Guidelines
To ensure our named executive officers make a meaningful investment in our common stock to align their economic interest more
closely with those of our shareholders, our Board of Directors has established a minimum stock ownership guideline for the Executive
Leadership Team such that the CEO should own at least 100,000 shares of vested common stock and all EVPs should own at least
15,000 shares of vested common stock, each to be accumulated within five years of assuming his or her executive position. Our
independent members of our Board of Directors are also required to hold a minimum of 6,000 shares of our common stock. These
ownership guidelines are evaluated periodically for appropriate adjustments.
Insider Trading Policy
We have adopted an Insider Trading Policy governing the purchase, sale, and/or other dispositions of WSFS' securities by its directors,
officers, and employees that is reasonably designed to promote compliance with insider trading laws, rules and regulations, and any
listing standards applicable to WSFS.  A copy of the Insider Trading Policy was incorporated as Exhibit 19 to our 2025 Annual Report on
Form 10-K.
Policy Prohibiting Hedging
Our Insider Trading Policy specifically prohibits WSFS insiders, which are defined as directors, officers holding the title of Senior Vice
President or higher and any other Associates with access to material non-public information, from hedging the risk associated with the
ownership of our common stock.
Stock Trading Plans
Our Insider Trading Policy allows for purchases or sales of WSFS’ stock made in compliance with a written plan established by a
director, officer or other Associate that meets the requirements of Rule 10b5-1 under the Exchange Act (a "Plan") if: (1) the Plan was
established in good faith, in compliance with the requirements of Rule 10b5-1, at a time when the individual was not in possession of
material non-public information about WSFS, and, for WSFS Insiders, was established during an open window period for trading in
WSFS’ stock and not during any trading “blackout” period; and (2) the Plan was reviewed by the Company’s Legal Department prior to
its establishment to confirm compliance with the Insider Trading Policy and its related procedures. No amendments to such Plans are
permitted during blackout periods. From time to time, other WSFS insiders may enter into similar trading plans in accordance with Rule
10b5-1.
Tax Considerations Related to Our Executive Compensation
Section 280G of the Code ("Code Section 280G") limits our ability to take a federal income tax deduction for certain compensation that
could be paid to executive officers resulting from a change in control transaction affecting us. In the event we pay any “excess
parachute payments,” as defined under Code Section 280G, we would have compensation payments that are not tax deductible under
Code Section 280G and executives would have excise taxes due on the receipt of such “excess parachute payments” under Section
4999 of the Code ("Code Section 4999"). The Leadership and Compensation Committee considers the adverse tax liabilities imposed
by Code Section 280G and Code Section 4999, as well as its overall philosophy and objectives and corporate objectives, when it
structures certain compensation to our executive officers.
WSFS Bank 2026 Proxy Statement
45
Compensation Committee Interlocks and Insider Participation
No member of our Leadership and Compensation Committee is, or formerly was, an officer or Associate of ours. During 2025, none of
our executive officers served as a member of a board of directors or compensation committee of any entity that has one or more
executives serving as a member of our Board of Directors or Leadership and Compensation Committee.
Leadership and Compensation Committee Report
Pursuant to rules and regulations of the SEC, this Compensation Committee Report shall not be deemed incorporated by reference into
any filing under the Securities Act of 1933, as amended, or the Securities Exchange Act of 1934, as amended (the "Exchange Act")
except to the extent that WSFS Financial Corporation (the "Company") specifically incorporates this information by reference, and
otherwise shall not be deemed “soliciting material” or to be “filed” with the SEC, subject to Regulation 14A or 14C of the SEC or subject
to the liabilities of Section 18 of the Exchange Act.
The Leadership and Compensation Committee has reviewed and discussed with management the CD&A to be included in the
Company’s 2026 Proxy Statement filed pursuant to Section 14(a) of the Exchange Act (the "Proxy Statement"), including the
information contained therein under the heading “Compensation of Our Board of Directors.” Based on the reviews and discussions
referred to above, the committee recommends to our Board of Directors that the CD&A referred to above be included in the Proxy
Statement.
Leadership and Compensation Committee
Francis B. Brake, Chair
Lynn B. McKee, Vice Chair
Karen Dougherty Buchholz
Jennifer W. Davis
Nancy J. Foster
David G. Turner
WSFS Bank 2026 Proxy Statement
46
Summary Compensation Table (SCT)
 
 
 
Name and Principal Position
 
 
Year(1)
 
 
Salary(2)
 
 
Bonus(3)
 
Stock
Awards(4)
Non-Equity
Incentive Plan
Compensation(5)
 
All Other
Compensation(6)
 
 
Total
Rodger Levenson
2025
$1,004,500
$
$2,562,293
$1,550,312
$56,155
$5,173,260
Chairman, President and
2024
966,001
2,375,961
1,245,090
57,035
4,644,087
Chief Executive Officer
2023
891,668
2,049,748
872,256
45,470
3,859,142
David Burg
2025
580,990
300,000
544,545
527,160
52,006
2,004,701
Executive Vice President and
2024
217,803
275,000
1,752,645
379,500
97,713
2,722,661
Chief Financial Officer
2023
Arthur J. Bacci
2025
611,925
575,137
548,844
41,461
1,777,367
Executive Vice President and
2024
494,906
97,500
384,983
448,419
40,350
1,466,158
Chief Operating Officer
2023
416,102
104,000
352,346
261,869
37,761
1,172,077
Lisa Brubaker
2025
427,800
402,692
386,057
33,688
1,250,237
Executive Vice President and
2024
412,000
103,500
369,807
314,623
29,505
1,229,435
Chief Human Resources Officer
2023
400,000
451,358
247,471
22,219
1,121,048
Shari Kruzinski
2025
412,051
387,328
362,534
41,445
1,203,358
Executive Vice President and
2024
400,000
15,000
359,124
304,137
43,850
1,122,111
Chief Consumer Banking Officer
2023
 
(1)
The compensation does not appear in the table above as they were not NEOs during the following years: Ms. Kruzinski, 2023; Mr. Burg, 2023.
(2)
Salary reflects the actual amount paid during the year.
(3)
The bonus amounts include the following one-time payments in 2025 for discretionary reasons: Mr. Burg received $300,000 in 2025, which
represents the remainder of his agreed-upon sign-on bonus.
(4)
Represents the aggregate fair value of awards on the date they were granted in accordance with ASC Topic 718. See the Notes to the
Consolidated Financial Statements included in our 2025 Annual Report on Form 10-K for the assumptions used to calculate grant date fair value.
Amounts in this column include the aggregate grant date fair value of RSUs and PSUs granted in February 2025. Values from the RSUs were as
follows: Mr. Levenson $767,154; Mr. Burg, $163,038; Mr. Bacci, $172,184; Ms. Brubaker, $120,566; and Ms. Kruzinski, $115,966. Values from
PSUs reflect the grant date value of PSUs awarded in 2025 based on the probable outcome of the associated performance conditions. This
amount is calculated consistent with the estimate of aggregate compensation cost to be recognized over the service period determined as of the
grant date under ASC Topic 718 (excluding the effect of estimated forfeitures). The calculation results in amounts greater than the target award
value under the ELTIP. Based on the closing price of WSFS common stock on the grant date of $53.49 on February 27, 2025, the target award
value for PSUs awarded were as follows: Mr. Levenson, $1,150,730; Mr. Burg, $244,556; Mr. Bacci, $258,303; Ms. Brubaker, $180,850; and Ms.
Kruzinski, $173,949. If valued assuming a maximum payout, the value of the awards would be: Mr. Levenson, $2,301,460; Mr. Burg, $489,112; Mr.
Bacci, $516,606; Ms. Brubaker, $361,700; and Ms. Kruzinski, $347,898.
(5)
Represents cash amounts paid as ELTIP short-term incentive awards.
(6)
All Other Compensation includes contributions of $17,500 made by us to the 401(k) plans of each of our NEOs. Includes development allowances
for each NEO as follows: Mr. Levenson, $32,655; Mr. Burg, $4,449; Mr. Bacci, $12,500; Ms. Brubaker, $4,757; and Ms. Kruzinski, $12,500.  Also
includes recognition awards in the form of gift cards provided to NEOs in 2025 in the following amounts: $1,335 for Mr. Burg; $1,361 for Mr. Bacci;
$1,331 for Ms. Brubaker; and $1,345 for Ms. Kruzinski. Includes automobile allowance and travel stipends for each NEO as follows: Mr. Levenson
$6,000; Messrs. Burg, Bacci and Mses. Brubaker and Kruzinski, $10,100. Includes $18,622 of relocation expenses for Mr. Burg. Health benefits
paid directly by the Company are not included in the table above.
WSFS Bank 2026 Proxy Statement
47
Grants of Plan-Based Awards
The following table presents information regarding grants of non-equity and equity plan-based awards to our NEOs during 2025. Such
awards consist of both RSUs and PSUs. The RSU grants generally vest equally over three years. Except where otherwise indicated
PSUs have a grant date fair value of $53.49, which is equal to the closing stock price of WSFS common stock at the grant date of
February 27, 2025. The PSUs vest at the end of a three-year performance period.
 
 
 
 
 
 
Grant
Date
 
Estimated Possible Payouts
Under Non-Equity Incentive Plan
Awards ($) (1)
 
 
Estimated Possible Payouts
Under Equity Incentive Plan Awards (#)
(1)
RSU
Awards:
Number
of
Shares
of
Stock or
Units
Grant
Date
Fair Value
of Stock
and
Option
Awards
($) (2)(3)
Name
 
Threshold
 
Target
 
Maximum
 
25th
(Threshold)
 
50th
(Target)
 
100th
(Max)
Rodger Levenson
2025 Cash Incentive
Award
$539,000
$1,078,000
$1,617,000
2025 RSU Awards
2/27/2025
14,342
$767,154
2025 PSU Awards
2/27/2025
10,756
21,513
43,025
1,795,139
David Burg
2025 Cash Incentive
Award
$189,750
$379,500
$575,000
2025 RSU Awards
2/27/2025
3,048
163,038
2025 PSU Awards
2/27/2025
2,286
4,572
9,143
381,508
Arthur J. Bacci
2025 Cash Incentive
Award
$197,010
$394,020
$597,000
2025 RSU Awards
2/27/2025
3,219
$172,184
2025 PSU Awards
2/27/2025
2,414
4,829
9,656
402,953
Lisa M. Brubaker
2025 Cash Incentive
Award
$136,620
$273,240
$414,000
2025 RSU Awards
2/27/2025
2,254
$120,566
2025 PSU Awards
2/27/2025
1,690
3,381
6,761
282,126
Shari Kruzinski
2025 Cash Incentive
Award
$132,660
$265,320
$402,000
2025 RSU Awards
2/27/2025
2,168
$115,966
2025 PSU Awards
2/27/2025
1,626
3,252
6,502
271,361
(1)
Represents the 2025 dollar value or stock units of awards under the annual incentive component of the ELTIP. Actual cash incentive amounts paid
for 2025 are included in the “Non-Equity Incentive Plan Compensation” column of the SCT.
(2)
See Note 16 to the Notes to the Consolidated Financial Statements included in our 2025 Annual Report on Form 10-K for the assumptions made in
calculating the grant date fair value of stock and options awards.
(3)
PSU award amounts computed are as the probable value at the date of grant.
WSFS Bank 2026 Proxy Statement
48
Outstanding Equity Awards Value at Year-End
The following table shows the number and exercise price of all unexercised stock options held by NEOs as of December 31, 2025, as
well as shares of unvested RSUs and PSUs owned by the NEOs. The option awards are listed in order of grant date. These awards are
subject to our clawback provision affecting our NEOs.
 
Outstanding Equity Awards at Fiscal Year-End 2025
 
Option Awards
Stock Awards
Name
Grant Year
Number of
Securities
Underlying
Unexercised
Options
Exercisable
Number of
Securities
Underlying
Unexercised
Options Not
Exercisable
 
Option
Exercise
Price
 
Option
Expiration
Date
Number of
Shares
or Units of
Stock
That Have Not
Vested
Market Value of
Share or Units
of
Stock That
Have
Not Vested(1)
Equity Incentive Plan Awards:
Number of
Unearned
Shares, Units
or Other
Rights That
have Not
Vested(3)
Market or Payout
Value of
Unearned Shares,
Units or Other
Rights That Have
Not Vested(1)
Rodger
Levenson
2019
12,991
43.28
2/28/2026
2020
34,740
36.11
2/27/2027
2021
27,730
51.84
3/3/2028
2022
4,622(4)
$255,319
2023
31,245(2)
1,725,974
2023
4,569(4)
252,392
2024
11,714(4)
647,081
52,711
$2,911,756
2025
14,342(4)
792,252
43,026
2,376,756
David
Burg
2024
15,820(5)
873,897
11,395
629,460
2025
3,048(5)
168,372
9,144
505,115
Arthur J.
Bacci
2020
59
36.11
2/27/2027
2021
1,946
51.84
3/3/2028
2022
1,298(6)
71,702
2023
786(6)
43,419
2023
5,370(2)
296,639
2024
1,898(6)
104,846
8,541
471,805
2025
3,219(6)
177,818
9,658
533,508
Lisa M.
Brubaker
2019
6,809
43.28
2/28/2026
2020
9,793
36.11
2/27/2027
2021
7,267
51.84
3/3/2028
2022
1,266(7)
69,934
2023
5,165(2)
285,315
2023
1,578(7)
87,168
2024
1,824(7)
100,758
8,204
453,189
2025
2,254(7)
124,511
6,762
373,533
Shari
Kruzinski
2022
1,055(8)
58,278
2023
733(8)
40,491
2023
5,011(2)
276,808
2024
1,771(8)
97,830
7,967
440,097
2025
2,168(8)
119,760
6,504
359,281
(1)
Reflects the number of units granted multiplied by $55.24, the closing price of our common stock on December 31, 2025.
(2)
Represents the actual number of PSUs that were earned based on satisfaction of the associated performance criteria for the performance period
ended December 31, 2025 that will vest on February 27, 2026.
(3)
PSUs granted February 29, 2024 and February 27, 2025 are shown at maximum value as of 12/31/2025. The total actual number of shares to be
earned will be determined at the end of the applicable performance period.
(4)
RSUs vest on the following dates: 19,828 on 4/15/2026, 10,638 on 4/15/2027 and 4,781 on 4/15/2028. RSUs generally vest in equal installments
over three years beginning with 2023 grant year.
(5)
RSUs vest on the following dates: 1,016 on 4/15/2026, 11,865 on 8/15/2026, 1,016 on 4/15/2027 and 3,955 on 8/15/2027 and 1,016 on 4/15/2028.
RSUs generally vest in equal installments over three years beginning with 2023 grant year.
(6)
RSUs vest on the following dates: 4,106 on 4/15/2026, 2,022 on 4/15/2027 and 1,073 on 4/15/2028. RSUs generally vest in equal installments over
three years beginning with 2023 grant year.
(7)
RSUs vest on the following dates: 2,022 on 4/15/2026, 822 on 12/18/2026, 1,663 on 4/15/2027 and 752 on 4/15/2028. RSUs generally vest in equal
installments over three years beginning with 2023 grant year.
(8)
RSUs vest on the following dates: 3,395 on 4/15/2026, 1,609 on 4/15/2027, and 723 on 4/15/2028. RSUs generally vest in equal installments over
three years beginning with 2023 grant year.
WSFS Bank 2026 Proxy Statement
49
Option Exercises and Stock Vested During 2025
The following table shows the number of options exercised, PSUs vested, and RSUs vested by the NEOs during the fiscal year ended
December 31, 2025.
 
 
Option Awards
Stock Awards(1)
Name
Number of
Shares
Acquired on
Exercise (#)
 Value Realized
On Exercise
 
 
 
Number of
PSUs
Acquired on
Vesting (#)
Number of
RSUs
Acquired on
Vesting (#)
 Total PSU and
RSU Value
Realized
on Vesting(2)
Rodger Levenson
7,396
$50,301
 
31,122
21,754
$2,714,159
David Burg
 
11,865
654,117
Arthur J. Bacci
 
5,385
4,682
514,207
Lisa M. Brubaker
 
5,173
5,224
536,596
Shari Kruzinski
 
4,775
3,554
426,297
(1)
Amounts reflected represent various PSU and RSU awards vested during 2025. The number of shares reported as acquired is the full number of
RSUs or PSUs vested, not the net number of shares received after withholding shares for satisfaction of taxes.
(2)
Amounts represent sum of (i) the number of shares released on February 27, 2025 in respect of the 2022 PSU awards multiplied by the closing
market price of our Common Stock on February 27, 2025, $53.49 and (ii) the number of shares released in respect of RSUs multiplied by the closing
market price of the vesting dates.
Executive Non-Qualified Deferred Compensation
Plan
We offer a non-qualified deferred compensation plan for our executives. This program allows for base compensation to be deferred, as
well as for deferment of cash awards. It offers pre-tax, voluntary contributions, tax deferred earnings, investment choices and flexible
payment options. The plan is solely funded by the participant, and while the Company has discretion to make employer contributions, it
has not exercised its discretion to do so for NEOs. The plan was reviewed and approved by our Leadership and Compensation
Committee and our Board of Directors. The following table provides information relating to deferrals of compensation by our NEOs
under our non-qualified deferred compensation plan.
The following table provides information on compensation the NEOs have elected to defer:
 
 
 
Name
 
 
Principal Position
 
Executive
Contributions
in 2025(1)
 
Aggregate
Earnings in
2025(2)
Aggregate
Withdrawals/
Distributions in
2025
Aggregate
Balance at
December 31,
2025
Rodger Levenson
Chairman, President and CEO
$
$
$
$
David Burg
EVP, Chief Financial Officer
Arthur J. Bacci
EVP, Chief Operating Officer
170,731
21,104
377,159
Lisa Brubaker
EVP, Chief Human Resources Officer
198,365
299,913
2,253,686
Shari Kruzinski
EVP, Chief Consumer Banking Officer
42,069
8,541
87,548
(1)
Amounts in this column are included in the Summary Compensation Table.
(2)
Amounts in this column are not included in the Summary Compensation Table.
WSFS Bank 2026 Proxy Statement
50
Potential Payments upon Termination or Change in
Control
 
We have adopted a severance policy that provides severance
payments upon termination of employment without “Cause” for
“Good Reason” (as each term is defined in the policy) for an
executive (which includes all of our NEOs) covered by the
severance policy. Eligibility for severance benefits is subject to
the terms and conditions of the WSFS Executive Severance
Policy, and the amount of severance benefits that may be due
depends on whether the qualifying termination of employment
occurs in connection with a Change in Control.
Non-Change in Control Termination
under Severance Policy
Executive officers covered by this policy who incur a qualifying
termination that is not a Change of Control Termination
(described below) are entitled to be paid eighteen months of
base salary (twenty-four months for the CEO), the value of
employer-portion of premiums for coverage under the WSFS
health plan and dental plan for eighteen months (twenty-four
months for the CEO), and outplacement benefits commensurate
with the executive’s level.
Change in Control Termination under
Severance Policy
Executive officers covered by this policy who incur a qualifying
termination within twenty-four months following a change in
control (a "Change of Control Termination") are entitled to be
paid two times (three times for the CEO) the sum of the
executive’s base salary and the amount of the most-recently
earned bonus, the value of employer-portion of premiums for
coverage under the WSFS health plan and dental plan for
twenty-four months (thirty-six months for the CEO), and
outplacement benefits commensurate with the executive’s level.
If it is determined that the any of the preceding payments would
be subject to the excise tax under Section 4999 of the Internal
Revenue Code of 1986, as amended, then the change in control
payment would be reduced to greatest amount that would not be
subject to the excise tax if, after taking into account applicable
federal, state, local and foreign income and employment taxes,
the excise tax, and any other applicable taxes, the executive
would retain a greater amount on an after-tax basis following
such reduction.
Treatment Under Equity Awards
In the event of an executive’s death, disability, or a Change of
Control Termination, all outstanding RSUs would vest in full. For
unvested PSUs, upon death or disability of an executive, the
PSUs are eligible to continue to vest and would be paid out at
the same time as then-employed participants at an amount
based on actual final performance results. PSUs also have a
double trigger which, should it occur, would allow them to be
paid out at the maximum value.
Total Payments Due Upon Termination
of Employment
The table on the following page shows the payments that our
NEOs would have received upon termination of their
employment on December 31, 2025, under the circumstances
shown.
 
WSFS Bank 2026 Proxy Statement
51
Payments Due Upon Termination
 
 
 
 
Within 24
Months of a
Change
in Control
 
 
 
 
 
 
Name
 
Termination
Without
Cause or
Departing
for Good
Reason(1)
Termination
Without
Cause or
Departing
for Good
Reason(2)
 
 
 
 
Death(3)
 
 
 
 
Disability(4)
Rodger Levenson
Severance pay
(5)
$2,018,800
$7,679,136
$500,000
$528,700
 
Outplacement services
(6)
25,000
 
Option and stock award vesting
(7)
6,291,539
7,803,972
6,291,539
6,291,539
 
Health benefits
(8)
32,238
48,357
 
Total Value
 
$8,367,577
$15,531,465
$6,791,539
$6,820,239
David Burg
Severance pay
(5)
$873,282
$2,218,696
$500,000
$76,000
Outplacement services
(6)
25,000
Option and stock award vesting
(7)
1,403,953
1,627,461
1,403,953
1,403,953
Health benefits
(8)
24,179
32,238
Total Value
$2,326,414
$3,878,395
$1,903,953
$1,479,953
Arthur J. Bacci
Severance pay
(5)
$922,365
$2,327,508
$500,000
$164,427
 
Outplacement services
(6)
25,000
 
Option and stock award vesting
(7)
1,213,652
1,494,934
1,213,652
1,213,652
 
Health benefits
(8)
22,041
29,388
 
Total Value
 
$2,183,058
$3,851,830
$1,713,652
$1,378,079
Lisa M. Brubaker
Severance pay
(5)
$645,840
$1,633,234
$414,000
$239,280
 
Outplacement services
(6)
25,000
 
Option and stock award vesting
(7)
1,101,165
1,341,862
1,101,165
1,101,165
 
Health benefits
(8)
13,167
17,556
 
Total Value
$1,785,172
$2,992,652
$1,515,165
$1,340,445
Shari Kruzinski
Severance pay
(5)
$621,090
$1,553,188
$402,000
$231,030
 
Outplacement services
(6)
25,000
 
Option and stock award vesting
(7)
976,504
1,209,413
976,504
976,504
 
Health benefits
(8)
21,371
28,495
 
Total Value
 
$1,643,965
$2,791,096
$1,378,504
$1,207,534
 
(1)
Non Change in Control: CEO receives 24 months of base salary; EVPs receive 18 months of base salary, as well as 24 and 18 months, respectively,
for the CEO’s and EVP’s employer-portion of premiums for coverage under health plan.
(2)
Change in Control without Cause or Good Reason; CEO receives 36 months of base salary plus STI, EVPs receive 24 months of base salary plus
STI, as well as 36 and 24 months, respectively, for the CEO and EVP's employer-portion of premiums under health plan.
(3)
Death benefit one times base salary up to maximum of $500,000 provided to all Associates through the Company-paid Term Life and AD&D
Insurance, reflected in figures above.
(4)
NEOs hired prior to 1/1/2023 are grandfathered two weeks of short-term disability for each year of service up to a maximum of 26 weeks paid at
100% of weekly earnings. Short-term disability benefits for all NEOs hired on or after 1/1/2023 is 66.67% of weekly earnings subject to the plan’s
maximum weekly benefit of $2,000 for up to 26 weeks. Long-term disability is 60% of monthly earnings and has a $10,000 per month maximum
benefit.
(5)
Severance payments following a change in control are subject to reduction if such payments would exceed the deductible limits under Section 280G
of the Internal Revenue Code, if such a reduction results in greater after tax net result (a "best net" provision).
(6)
Outplacement services amounts are estimates based on management’s experience with outplacement providers.
(7)
This value includes stock options, RSUs and PSUs. Stock options and RSUs vesting is based on an assumed value of $55.24 per common share
reflecting the closing price of WSFS common stock on Nasdaq on the last trading day of 2025. PSUs vesting is based on each award's maximum
value for Change in Control without Cause or for Good Reason and PSUs vesting is based on each award's probable value for Non Change in
Control, Death or Disability.
(8)
Health benefits represent the portion of the total cost that would be paid by WSFS.
WSFS Bank 2026 Proxy Statement
52
CEO Pay Ratio
The CEO Pay Ratio is a reasonable estimate calculated in a manner consistent with Item 402(u) of Regulation S-K.
We determined our 2023 median employee (our “2023 Median Employee”) from our employee population on December 31, 2023.                 
SEC rules allow a company to use the same median employee for three consecutive fiscal years. Accordingly, we have used our 2023
Median Employee for purposes of determining our 2025 pay ratio, as there has been no change in our employee population or
employee compensation arrangements that we reasonably believe would significantly impact our pay ratio disclosure. To identify our 
2023 Median Employee, we used a measure of total cash compensation defined as the sum of base salary/annual hourly pay, bonus,
incentive, commission, overtime, and other disbursements (e.g., payment for Saturday work) as reflected in our payroll records. We
believe this is a reasonable measure of total compensation and consistent with prior years’ methodology for selecting our median
Associate.
To calculate the 2025 ratio of compensation of our median Associate to that of Mr. Levenson, we calculated the median Associate’s
annual total compensation consistent with the calculation of Mr. Levenson’s annual total compensation as reported in the “Total” column
of our 2025 SCT plus Mr. Levenson’s health care benefits paid by the Company. The median Associate’s annual total compensation
includes total cash compensation described above plus the amount of such Associate’s health care benefits paid by the Company, if
elected and the company matching contributions to participants in our Section 401(k) employee savings plan. The annual total
compensation for the median Associate was $123,762. Mr. Levenson’s total compensation (including benefits) was $5,188,746. The
ratio of Mr. Levenson’s annual total compensation to the annual total compensation of the identified median Associate at December 31,
2025 was approximately 42 to 1.
WSFS Bank 2026 Proxy Statement
53
Pay versus Performance
As required by Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive
compensation actually paid and certain financial performance of the Company. “Compensation Actually Paid” ("CAP") is calculated in
accordance with SEC rules and does not reflect the actual amount of compensation earned or paid during the applicable year. For
information concerning the Company’s pay for performance philosophy and how the Company aligns executive compensation with the
Company’s performance, refer to our “Compensation Discussion and Analysis.”
Pay versus Performance Table
In accordance with SEC reporting rules, the table below reports the SCT total compensation and CAP for our Principal Executive Officer
("CEO") and, on average, our non-CEO NEOs, our Total Shareholder Return ("TSR") and the TSR of our selected peer group ("KRX"),
our reported Net Income, and our Adjusted ROA, which represents our Company Selected Measure ("CSM"), each for the past five
fiscal years.
 
Year-end Value of $100
invested on 12/31/2020
Based on:
Year
SCT Total for
CEO(1)
$
CAP to
CEO(2)
$
Average
SCT Total for
Non-CEO
NEOs(1)
$
Average
CAP to
Non-CEO NEOs(2)
$
WSFS
TSR(3)
$
Peer
Group
TSR(4)
$
WSFS GAAP
Net Income
(in millions)
$
WSFS
Adjusted
ROA(5)
%
2025
$5,173,260
$5,376,276
$1,558,916
$1,610,667
$131.03
$152.74
$287.3
1.39%
2024
4,644,087
6,186,062
1,639,940
1,884,875
124.51
143.42
263.7
1.26%
2023
3,859,142
2,842,594
1,086,806
629,363
106.30
126.69
269.2
1.38%
2022
4,658,471
4,642,876
1,452,394
1,375,931
103.34
127.19
222.4
1.40%
2021
3,386,092
3,690,966
1,373,560
1,400,192
112.86
136.65
271.4
1.86%
 
(1)Our Principal Executive Officer was Mr. Rodger Levenson, who served as our CEO for all five years covered in the table.
For 2021, our non-CEO NEOs were Ms. Peggy Eddens, Mr. Dominic Canuso, Mr. Steve Clark, and Mr. Michael Reed. For 2022, our non-CEO NEOs
were Mr. Dominic Canuso, Mr. Steve Clark, Mr. Arthur Bacci, and Mr. Richard Wright. For 2023, our non-CEO NEO’s were Mr. Dominic C. Canuso,
Mr. Steve Clark, Mr. Arthur Bacci, Ms. Lisa Brubaker, and Mr. Patrick Ward. For 2024, our non-CEO NEO’s were Mr. David Burg, Mr. Steve Clark, Mr.
Arthur Bacci, Ms. Lisa Brubaker, and Ms. Shari Kruzinski. For 2025, our non-CEO NEO’s were Mr. David Burg, Mr. Arthur Bacci, Ms. Lisa Brubaker,
and Ms. Shari Kruzinski.
The dollar amounts reported are total compensation in the SCT for the CEO and the average for non-CEO NEOs for each reported fiscal year.
(2)The dollar amounts reported represent CAP, as calculated in accordance with SEC rules for the CEO and the average for non-CEO NEOs for each
reported year. These dollar amounts do not reflect actual amounts of compensation paid during the covered year, but reflect adjustments to SCT data
for (i) the year-end fair values of unvested equity awards granted in the current year, (ii) the year-over-year difference of year-end fair values for
unvested awards granted in prior years, (iii) the fair values at vest date for awards granted and vested in the current year and (iv) the difference
between prior year-end fair values and vest date fair values for awards granted in prior years.
(3)Reflects the cumulative TSR of WSFS over the five-year period. The reporting is based on a theoretical $100 invested on the last day of 2020 and
valued as of the last trading day of 2021, 2022, 2023, 2024, and 2025.
(4)Reflects the cumulative TSR of the KRX, weighted according to the member companies’ market capitalization for each period for which the return is
indicated. The KRX is the peer group used by WSFS for purposes of Item 201(e) of Regulation S-K under the Exchange Act in our Annual Report on
Form 10-K for the year ended December 31, 2025.
(5)Adjusted ROA is the non-GAAP measure that divides (i) Adjusted Net Income (non-GAAP) attributable to WSFS by (ii) average assets for the
applicable period. For a reconciliation of these non-GAAP financial measures to their comparable GAAP measures, see “Appendix A – non-GAAP
Reconciliations.” For a description of our Quality of Earnings review, refer to our “Compensation Discussion and Analysis” ("CD&A").
 
WSFS Bank 2026 Proxy Statement
54
Calculation of CAP
 
To calculate the amounts in the CAP table to our CEO and Non-CEO NEOs in the table above according to SEC reporting rules, the
following adjustments were made to Total Compensation as reported in the SCT for 2025.
 
2025
CEO
Average
Non-CEO
NEOs
Total Compensation from SCT
$5,173,260
$1,558,916
Amount deducted for aggregate change in actuarial present value from SCT
Amount deducted for grant date values in the SCT
(2,562,293)
(477,426)
Amount included (+ or -) or year-end fair value of unvested awards granted in the current year
2,646,122
493,045
Amount included (+ or -) for year-over-year difference of year-end fair values for unvested awards granted in
prior years
257,606
49,240
Amount included (+ or -) for fair values at vest date for awards granted and vested in current year
Amount included (+ or -) for difference in fair values between prior year-end fair values and vest date fair
values for awards granted in prior years
(138,419)
(13,109)
Amount included for forfeitures during current year equal to prior year-end fair value
Total Adjustments(1)
$203,016
$51,751
CAP (as calculated)
$5,376,276
$1,610,667
 
(1)
Our 2018 Long-Term Incentive Plan prohibits the payment of dividends or dividend equivalents on unexercised stock options or unvested full value
equity grants. Therefore, no dividend-related adjustments were required in the calculation of CAP.
 
Performance Measures
 
Our Leadership & Compensation Committee takes a comprehensive perspective in appraising executive officer and Company
performance, and considers multiple metrics in our ELTIP. Refer to the CD&A for further discussion of how we maintain alignment
between performance and rewards. As required by SEC rules, the performance measures identified as the most important for executive
officer compensation decisions are listed below.
Adjusted ROA—our Company Selected Measure (CSM)
Adjusted ROTCE
Adjusted EPS
For a reconciliation of these non-GAAP financial measures to their comparable GAAP measures, see “Appendix A – non-GAAP
Reconciliations.”
 
WSFS Bank 2026 Proxy Statement
55
Relationship Between CAP and Performance Measures
 
In accordance with SEC reporting rules, we have prepared the following graphs which overlay the following performance results with
CAP:
Company and peer group TSR versus CAP to the CEO and average for other NEOs for each covered year.
Company Net Income versus CAP to the CEO and average for other NEOs for each covered year.
Company Adjusted ROA versus CAP to the CEO and average for other NEOs for each covered year.
2626
2629
 
 
WSFS Bank 2026 Proxy Statement
56
2636
WSFS Bank 2026 Proxy Statement
57
Proposal 3: Ratification of the Appointment of
Independent Registered Public Accounting Firm
AUDIT MATTERS
The Company’s Audit Committee appointed the firm of KPMG LLP as the Company’s independent registered public accounting firm for
the fiscal year ending December 31, 2026 and is submitting its selection for ratification by our stockholders. KPMG LLP has served as
our independent registered public accounting firm since 1994. Subject to the matters discussed under the section entitled “Audit
Committee Report”, the Audit Committee carefully considered the firm’s qualifications as our independent registered public accounting
firm, including a review of the qualifications of the engagement team, the quality control procedures the firm has established, and any
issues raised by the most recent quality control review of the firm.
Representatives of KPMG LLP are expected to be present at the Annual Meeting to respond to appropriate questions and will have the
opportunity to make a statement if they desire to do so.
ABOUT THE AUDIT COMMITTEE
The Audit Committee’s review also included the matters regarding auditor independence discussed under the section titled “Audit
Committee Report”, including whether the nature and extent of non-audit services would impair the independence of the auditors.
Services provided to the Company and its subsidiaries by KPMG LLP during fiscal year 2025 are described under the section titled
“Audit Services” below.
ABOUT YOUR VOTE
To be ratified, the appointment of KPMG LLP as our independent registered public accounting firm must receive a favorable
vote of a majority of the shares present in person by participation at the Annual Meeting or represented by proxy and entitled to
vote on that proposal.
Abstentions will have the same effect as votes against the proposal and broker non-votes will have no effect on the outcome of
the proposal.
 
Image_37.jpg
The Board of Directors recommends a vote “FOR” the ratification of the appointment of KPMG LLP as the
independent registered public accounting firm for the fiscal year ending December 31, 2026.
WSFS Bank 2026 Proxy Statement
58
AUDIT SERVICES
It is the policy of the Audit Committee to approve all audit and
non-audit services prior to the engagement of the independent
registered public accounting firm to perform any service, subject
to the following operating procedures: Each year in connection
with the execution of the audit engagement letter, the Audit
Committee pre-approves a retainer for additional services that
are either audit or audit-related in nature. These additional
services may not exceed 5% of the annual audit fee amount. For
any additional audit or audit-related services to be provided by
the independent registered public accounting firm that were not
pre-approved in accordance with this procedure, and for which
the fees are expected to not exceed 10% of the annual audit fee,
the Chair of the Audit Committee can provide pre-approval of the
services. For any additional services where the fees are
expected to exceed 10% of the annual audit fee, the pre-
approval of the entire Audit Committee is required.
In addition, a retainer for tax consulting services is pre-approved
by the Audit Committee. Any tax consulting services exceeding
the retainer amount are approved in accordance with the above
procedure. All fees paid to the independent registered public
accounting firm are reported to the Audit Committee in a timely
manner. In connection with the audit of the 2025 financial
statements, we entered into engagement letters with KPMG LLP
that set the terms by which KPMG LLP performed services for
us. All of the services listed below for 2025 were approved by the
Audit Committee prior to the service being rendered as
described in the procedures above. The Audit Committee has
determined that the non-audit services performed during 2025
were compatible with maintaining the independent registered
public accounting firm’s independence.
 
AUDIT FEES
The aggregate fees earned by KPMG LLP for professional services rendered for the audit of our consolidated financial statements included in our
annual report on Form 10-K and for the review of the consolidated financial statements included in our quarterly reports on Form 10-Q for the fiscal
year ended December 31, 2025  are expected to be $2,090,000 with $1,100,000 fees paid in 2025 and $990,000 fees paid or expected to be paid in
2026. The aggregate fees for the fiscal year December 31, 2024 were $2,125,000 with $1,651,000 fees paid in 2024 and $474,000 paid in 2025.
AUDIT RELATED FEES
The aggregate fees earned by KPMG LLP for audits of Associate benefit plans, due diligence activities on proposed transactions and research,
consultation and attestation services on financial accounting and reporting matters for the year ended December 31, 2025 are expected to be
$580,000 with $505,000 paid in 2025 and $75,000 paid or expected to be paid in 2026. The aggregate fees for the fiscal year ended December 31,
2024 were $50,000 with all fees paid in 2024.
TAX FEES
The aggregate fees earned by KPMG LLP for professional services rendered for tax compliance, tax advice and tax planning for the year ended
December 31, 2025 were $323,400 with all fees paid in 2025. The aggregate fees for the fiscal year ended December 31, 2024 were $265,740, with
all fees paid in 2024.
ALL OTHER FEES
There were no fees earned by KPMG LLP for professional services rendered other than those listed under the captions “Audit Fees,” “Audit Related
Fees,” and “Tax Fees” for the years ended December 31, 2025 and 2024.
 AUDIT COMMITTEE REPORT
As part of its ongoing activities, the Audit Committee has:
Reviewed and discussed with management the Company’s
audited consolidated financial statements for the fiscal year
ended December 31, 2025;
Discussed with the Company’s independent registered
public accounting firm the matters required to be discussed
under relevant guidance of the Public Company Accounting
Oversight Board ("PCAOB"), including Auditing Standard
No. 1301 - Communications with Audit Committees, and the
SEC; and
Received the written disclosures and the letter from the
independent registered public accounting firm required by
the applicable requirements of the PCAOB regarding the
independent registered public accounting firm’s
communications with the Audit Committee concerning
independence and has discussed with the independent
registered public accounting firm their independence.
Based on the review and discussions referred to above, the
Audit Committee recommended to our Board of Directors that
the audited consolidated financial statements be included in
our Annual Report on Form 10-K for the fiscal year ended
December 31, 2025.
AUDIT COMMITTEE MEMBERS
David G. Turner, Chair
Anat Bird
Michael J. Donahue, Vice Chair
Nancy J. Foster
Christopher T. Gheysens
Eleuthère I. du Pont
WSFS Bank 2026 Proxy Statement
59
Transactions with Related Parties
 
The Company also has a written Related Party Transaction Policy pursuant to which the Governance and Nominating Committee
conducts a review and provides oversight over all related party transactions for potential conflict of interest situations. A related party
transaction is generally any transaction in which WSFS or its subsidiaries is or will be a participant, in which the amount involved
exceeds $120,000, and a director (or nominee), executive officer, immediate family member, or any beneficial owner of more than 5% of
our common stock, has or will have a direct or indirect material interest.
 
In the ordinary course of its business, WSFS Bank makes loans to our directors, officers and Associates. All loans granted to related
parties, regardless of the amount, are reported to our Board of Directors. These loans are subject to limitations and restrictions under
federal banking laws and regulations, including Regulation O, and are made on substantially the same terms (including interest rate and
collateral) as, and credit underwriting procedures that are not less stringent than those prevailing at the time for comparable loans with
persons not related to WSFS Bank. These loans do not involve more than, the normal risk of repayment or present other unfavorable
features to WSFS Bank.
In accordance with our written policy and Regulation O of the Board of Governors of the Federal Reserve System, any extensions of
credit granted by the Bank to a related party in excess of $500,000 requires pre-approval by our Board of Directors, with the interested
party (if a director) abstaining from participating directly or indirectly in the voting. During 2025, there were no loans that constituted
extensions of credit under Regulation O.
 
Delinquent Section 16(a) Reports
 
Section 16(a) of the Exchange Act requires our officers, directors and persons who own more than 10% of a registered class of our
equity securities to file reports of ownership on Form 3 and changes in ownership on Form 4 or Form 5 with the SEC. The forms must
be filed with the SEC generally within two business days of the date of the trade. Such officers, directors and 10% stockholders are also
required to furnish us with copies of all Section 16(a) forms they file.
 
To our knowledge and based solely on our review of the copies of such forms, there were no late Section 16(a) filings during 2025,
except for the following: (i) on March 3, 2025, a late Form 4 was filed for Lisa Brubaker to report the withholding of 306 shares that had
been previously excluded due to a clerical error; and (ii) on December 23, 2025, a late Form 4 was filed for Eleuthère du Pont to report
a gift of 1,326 shares to a family trust that had not been reported due to a clerical error.
 
WSFS Bank 2026 Proxy Statement
60
Security Ownership of Certain Beneficial Owners
and Management
The following table sets forth the number of shares of our common stock beneficially owned by our directors, named executive officers,
all directors and executive officers taken together and 5% stockholders as of March 13, 2026. The table also shows the amount of such
shares as a percentage of all of the shares of our common stock outstanding as of March 13, 2026 (unless otherwise indicated). As of
that date, there were 52,257,081 shares of our common stock outstanding.
 
In accordance with Rule 13d-3 under the Exchange Act, for the purposes of this table, a person is deemed to be the beneficial owner of
any shares of common stock if he or she has, or shares, voting or dispositive power with respect to such common stock or has a right to
acquire beneficial ownership at any time within 60 days of the determination date. Except as otherwise noted, the named beneficial
owner exercises sole voting and investment power over the shares of common stock.
 
Number of Shares
(Including Exercisable
Options)(1)
Percentage of our
outstanding
common stock
Directors:
 
 
Anat Bird
25,888
*
Francis B. Brake
20,389
*
Karen Dougherty Buchholz
28,718
*
Jennifer W. Davis
26,200
*
Michael J. Donahue
13,819
*
Eleuthère I. du Pont
16,587
*
Nancy J. Foster
8,602
*
Christopher T. Gheysens
12,040
*
Michelle Hong
655
*
Rodger  Levenson(2)
231,728
*
Lynn B. McKee
16,544
*
David G. Turner
22,653
*
Named Executive Officers:
Arthur J. Bacci
29,937
*
Lisa Brubaker
63,377
*
David Burg
6,261
*
Shari Kruzinski
17,288
*
Directors and Executive Officers as a group (20 persons)
572,688
1.10%
5% WSFS Financial Corp Stockholders:
BlackRock, Inc.(3)
50 Hudson Yards
New York, NY 10001
8,694,832
14.30%
The Vanguard Group, Inc.(4)
100 Vanguard Blvd.
Malvern, PA 19355
6,965,678
11.47%
Dimensional Fund Advisors, LP(5)
Building One
6300 Bee Cave Road
Austin, TX 78746
3,757,218
6.20%
State Street Corporation (6)
1 Congress Street
Boston MA 02114
3,030,372
5.10%
*
Less than 1% of outstanding common stock.
(1)
Includes exercisable stock options for the following individuals: R. Levenson: 62,470 and L. Brubaker: 17,060.
(2)
Rodger Levenson is also an NEO but reported in the Directors section.
(3)
According to the Statement on Schedule 13G/A of BlackRock, Inc. filed with the SEC on January 23, 2024.
(4)
According to the Statement on Schedule 13G/A of The Vanguard Group, Inc. filed with the SEC on February 13, 2024.
(5)
According to the Statement on Schedule 13G/A of Dimensional Fund Advisors, LP filed with the SEC on February 14, 2024.
(6)
According to the Statement on Schedule 13G of State Street Corporation filed with the SEC on October 17, 2024.
WSFS Bank 2026 Proxy Statement
61
Meeting and Other Information
 
Notice of Internet Availability of Proxy Materials
In accordance with rules adopted by the SEC, except for stockholders who have requested otherwise, we have generally mailed to our
stockholders a Notice of Internet Availability of Proxy Materials (the "Notice of Internet Availability"). The Notice of Internet Availability
provides instructions either for accessing our proxy materials, including the Proxy Statement and the 2025 Annual Report to
Stockholders, which includes our Annual Report on Form 10-K for the year ended December 31, 2025 (the "Proxy Materials"), at the
website address referred to in the Notice of Internet Availability, or for requesting printed copies of the proxy materials by mail or
electronically by email. If you would like to receive a paper or email copy of our proxy materials either for this Annual Meeting or for all
future meetings, you should follow the instructions for requesting such materials included in the Notice of Internet Availability we
mailed to you. Our Board of Directors provided the Notice of Internet Availability and is making the proxy materials available to you in
connection with the Annual Meeting. As a stockholder of record on the Record Date, you are invited to attend the Annual Meeting and
are entitled to, and requested to, vote on the proposals described in this Proxy Statement.
Information Contained in Proxy Statement
This information relates to the proposals to be voted on at the Annual Meeting, the voting process, compensation of our directors and
most highly paid executives and certain other required information.
 
Electronic Access to the Company’s Proxy Materials
The Proxy Materials are available at https://web.viewproxy.com/wsfs/2026 and from our corporate website at investors.wsfsbank.com.
To view this material, you must have available the virtual control number located on the proxy card or, if shares are held in the name of
a broker, bank or other nominee, the voting instruction form.
Stockholders Eligible to Vote
Only stockholders of record at the close of business on the Record Date, which was March 20, 2026, will be entitled to vote at the
Annual Meeting.
Shares Eligible to be Voted
As of the Record Date, we had 52,212,081 shares of common stock outstanding. Each outstanding share of our common stock will
entitle its holder to one vote on each of the three director nominees to be elected and one vote on each other matter to be voted on at
the Annual Meeting. We do, however, permit cumulative voting for the election of directors, meaning that if, for example, there are
three seats up for election in a given class, if you own 100 shares, you have 300 votes to distribute among the nominees as you see
fit. You can distribute them equally and cast 100 votes for each nominee or you may give more votes to certain nominees, even giving
all 300 votes to a single nominee if you wish. If you give us a proxy to vote your shares at the Annual Meeting, we will distribute your
votes among the nominees as we see fit. If you do not want us to use cumulative voting for your shares, you may state that on your
proxy card. See “How to Vote” below for more information regarding cumulative voting.
Quorum Requirement
As of the Record Date, 52,212,081 shares of the Company’s common stock were issued and outstanding. We require the presence,
whether in person, by participation at the virtual meeting or through the prior submission of a proxy, of the holders of shares of WSFS
common stock representing a majority of the shares outstanding and entitled to vote on the Record Date. If you submit a properly
executed proxy, then you will be considered part of the quorum.
Matters to be Voted On
The Annual Meeting is being held to consider the following proposals:
 
(1) The election of three directors for a three-year term expiring on the date of our Annual Meeting of Stockholders to be held in 2029;
(2) A non-binding advisory vote on the compensation of our NEOs;
(3) The ratification of the appointment of KPMG LLP as our independent registered public accounting firm for the fiscal year ending
December 31, 2026; and
(4) Such other matters as may properly come before the meeting or any adjournment thereof.
Our Board of Directors recommends a vote:
FOR each of the three nominees for director;
FOR the non-binding advisory vote on the compensation of our NEOs; and
FOR ratification of the appointment of KPMG LLP as our independent registered public accounting firm.
WSFS Bank 2026 Proxy Statement
62
Votes Required
Proposal 1: Directors are elected by plurality vote, meaning that the nominees who receive the greatest number of votes are elected.
Proposal 2: The advisory proposal relating to executive compensation must receive a favorable vote of a majority of the shares
present in person by participation at the Annual Meeting or represented by proxy and entitled to vote on the proposal to be approved.
Proposal 3: The appointment of KPMG LLP as our independent registered public accounting firm must receive a favorable vote of a
majority of the shares present in person by participation at the Annual Meeting or represented by proxy and entitled to vote on the
proposal to be ratified.
For Proposal 1, you may vote for a nominee or you may withhold your vote for a nominee. In a contested election, the number of
seats up for election is less than the number of persons nominated. The winning nominees are the ones who receive more votes than
the other nominees. In an uncontested election, there are enough seats up for election for all the nominees, so all will be elected
regardless of the number of votes they each receive.
Effect of Abstentions and Broker Non-Votes
For Proposal 1, abstentions and broker non-votes are treated as present for quorum purposes only and will not affect the outcome of
the vote on the proposal. For Proposals 2 and 3, abstentions will have the same effect as votes against such proposals and broker
non-votes will have no effect on the outcome of the vote on any of the proposals.
 
If you fail to instruct your broker how you want your shares voted, your broker may use discretionary authority to vote your shares only
on “routine” matters. The election of directors and the non-binding advisory vote on the compensation of our NEOs are not considered
“routine” matters. As such, your broker cannot vote your shares with respect to these proposals if you do not give instructions.
 
If you hold your shares beneficially through a bank or broker, you must provide a legal proxy from your bank or broker during
registration and you will be assigned a virtual control number in order to vote your shares during the Annual Meeting. If you are unable
to obtain a legal proxy to vote your shares, you will still be able to attend the 2026 Annual Meeting (but will not be able to vote your
shares) so long as you demonstrate proof of stock ownership. Instructions on how to connect and participate via the Internet, including
how to demonstrate proof of stock ownership, are posted at https://web.viewproxy.com/wsfs/2026. On the day of the Annual Meeting,
you may only vote during the Annual Meeting by e-mailing a copy of your legal proxy to virtualmeeting@viewproxy.com in advance of
the Annual Meeting.
Broker Non-Votes
If a broker indicates on its proxy that it submits to the Company that it does not have authority to vote certain shares held in “street
name,” the shares not voted are referred to as “broker non-votes.” Broker non-votes occur when brokers do not have discretionary
voting authority to vote certain shares held in “street name” on particular proposals under the rules of Nasdaq and the “beneficial owner”
of those shares has not instructed the broker how to vote on those proposals. If you are a beneficial owner and you do not provide
instructions to your broker, bank or other nominee, your broker, bank or other nominee is permitted to vote your shares for or against
“routine” matters such as Proposal Number 3, the ratification of the appointment of our independent registered public accounting firm.
Brokers are not permitted to exercise discretionary voting authority to vote your shares for or against “non-routine” matters. All of the
matters on which stockholders will be asked to vote on at the Annual Meeting, with the exception of Proposal Number 3, the ratification
of the appointment of our independent registered public accounting firm, are “non-routine” matters.
WSFS Bank 2026 Proxy Statement
63
How to Vote
If you are the stockholder of record, you may vote by one of the following four methods (as instructed on the Notice of Internet
Availability):
Virtually at the Annual Meeting;
Via the Internet;
By telephone; or
By mail.
If you would like instructions on how to vote via the internet during the virtual Annual Meeting, please contact
VirtualMeeting@viewproxy.com or call 866-612-8937. If you elect to vote by mail and you requested and received a printed set of the
proxy materials, you may mark, sign, date and mail the proxy card enclosed with the proxy materials you received. Whichever method
of voting you use, the proxies identified on the proxy card will vote the shares of which you are the stockholder of record in accordance
with your instructions.
 
If you submit a proxy card properly voted and returned through available channels without giving specific voting instructions, the
proxies will vote the shares as recommended by our Board of Directors. If you own your shares in “street name,” that is, through a
brokerage account or in another nominee form, you must provide instructions to the broker or nominee as to how your shares should
be voted. Your broker or nominee will usually provide you with the appropriate instruction forms at the time you receive these Proxy
Materials. If you own your shares in this manner, you must provide a legal proxy from your broker or nominee during registration and
you will be assigned a virtual control number in order to vote your shares during the Annual Meeting. If you are unable to obtain a legal
proxy to vote your shares, you will still be able to attend the 2026 Annual Meeting (but will not be able to vote your shares) so long as
you demonstrate proof of stock ownership. Instructions on how to connect and participate via the internet, including how to
demonstrate proof of stock ownership, are posted at https://web.viewproxy.com/wsfs/2026. On the day of the Annual Meeting, you
may only vote during the meeting by e-mailing a copy of your legal proxy to virtualmeeting@viewproxy.com in advance of the meeting.
A stockholder of record may exercise cumulative voting rights by indicating on the proxy card the manner in which such votes should
be allocated. A stockholder who holds shares beneficially through a bank, broker, trustee or other nominee and wishes to cumulate
votes, should contact his, her or its bank, broker, trustee or other nominee. Internet and telephone voting cannot accommodate
cumulative voting. To cumulate your votes, you must follow the instructions on the Notice of Internet Availability of Proxy Materials to
obtain a paper copy of the proxy materials and indicate the manner in which such votes should be allocated.
Voting over the Internet or by Telephone
 
Voting over the Internet: You may use the Internet (www.AALvote.com/WSFS) to transmit your vote up until 11:59 P.M., Eastern Time,
on May 13, 2026 by following the instructions provided either in the Notice of Internet Availability or on the proxy card or voting
instruction form you received if you requested and received a printed set of the proxy materials.
 
Voting by Telephone: If you are a stockholder of record, you may call 1 (866) 804-9616 and use any touch-tone telephone to transmit
your vote up until 11:59 P.M., Eastern Time, on May 13, 2026 by following the instructions provided either in the Notice of Internet
Availability or on the proxy card or voting instruction form you received if you requested and received a printed set of the proxy
materials. Note: If you intend to take advantage of the opportunity to listen to the Annual Meeting via telephone, you will not be able to
revoke or cast a vote over the telephone during the Annual Meeting. If you hold your shares in “street name,” that is through a broker,
bank or other nominee, that institution will instruct you as to how your shares may be voted by proxy, including whether telephone or
Internet voting options are available.
Revoking or Changing Your Vote
 
If you are the record owner of your shares and you completed and submitted a proxy card, you may revoke your proxy at any time
before it is voted at the Annual Meeting by:
Submitting a new proxy card with a later date;
Delivering written notice to our Secretary, stating that you are revoking your proxy;
Attending the Annual Meeting and voting your shares in person (via the internet); or
If you are a record owner of your shares and you submitted your proxy by telephone or via the Internet, you may change your
vote or revoke your proxy with a later telephone or Internet proxy, as the case may be.
 
Please note that attendance at the Annual Meeting will not, in itself, constitute revocation of your proxy. If you own your shares in
“street name,” you may later revoke your voting instructions by informing the bank, broker or other holder of record in accordance with
that entity’s procedures.
WSFS Bank 2026 Proxy Statement
64
Participating in the Virtual Meeting
 
We consider the Annual Meeting an opportunity for stockholders to have access to our Board of Directors and Executive Leadership
Team in a public forum, and we invite stockholders to submit questions or comments in advance of the Annual Meeting. This is an
important part of the process, and we have established a procedure for stockholders to send communications to our Board of Directors
as well as to management. While legal considerations and timing issues may prevent us from answering all questions or addressing all
comments, we believe this dialogue is helpful in increasing communication with our stockholders.
 
Please send questions to: 
WSFS Financial Corporation
Investor Relations
WSFS Bank Center
500 Delaware Avenue
Wilmington, Delaware 19801
or: stockholderrelations@wsfsbank.com
Stockholders may also submit questions while attending the Annual Meeting via live webcast. Please follow the instructions on the
virtual meeting website to type your questions into the questions/chat box on the screen in order to ask questions during the Annual
Meeting. At the Annual Meeting, we will attempt to respond to as many of the questions and comments we receive. During the live Q&A
session of the Annual Meeting, we may answer questions as they come in and address those asked in advance, to the extent relevant
to the business of the Annual Meeting, as time permits.
 
There will be technicians ready to assist you with any technical difficulties you may have accessing the Annual Meeting live audio
webcast. Please be sure to check in 15 minutes prior to the start of the meeting on the day of the meeting, so that any technical
difficulties may be addressed before the Annual Meeting live audio webcast begins. If you encounter any difficulties accessing the
webcast during the check-in or meeting time, please email virtualmeeting@viewproxy.com or call (866) 612-8937.
 
The Cost of the Proxy Solicitation
The accompanying proxy is being solicited by our Board of Directors. We will pay the costs of soliciting proxies from our stockholders.
We have engaged Alliance Advisors to help in the solicitation of proxies for a fee of approximately $13,000 plus associated costs and
expenses.
How to Obtain the Company’s Corporate Governance Information
Our Corporate Governance information is available from our website at investors.wsfsbank.com. Our stockholders may also obtain
written copies at no cost by writing to us at WSFS Bank Center, 500 Delaware Avenue, Wilmington, Delaware 19801, Attention: Investor
Relations.
 
Requesting Electronic or Printed Copies of this and Future Proxy Materials
You may request and consent to delivery of electronic or printed copies of this and future proxy statements, annual reports and other
stockholder communications by:
Following the instructions at: investors.wsfsbank.com;
Calling (888) WSFSBANK or (888) 973-7226; or
Sending an email to stockholderrelations@wsfsbank.com.
 
When requesting copies of proxy materials and other stockholder communications, you should have available the virtual control
number located on the proxy card or, if shares are held in the name of a broker, bank or other nominee, the voting instruction form.
Stockholder Nominations and Proposals for Inclusion in our Proxy Statements
Under SEC Rule 14a-8, a stockholder desiring to make a proposal to be included in the proxy statement for the 2027 Annual Meeting of
Stockholders must present such proposal to the following address: WSFS Financial Corporation, WSFS Bank Center, 500 Delaware
Avenue, Wilmington, Delaware 19801, Attention: Corporate Secretary.
 
Proposals must be received no later than the close of business on November 27, 2026, and must comply with SEC Rule 14a-8 in order
for the proposal to be considered for inclusion in the Company’s proxy statement. In addition, to comply with the universal proxy rules,
stockholders who intend to solicit proxies in support of director nominees other than the Company’s nominees for the 2027 Annual
Meeting of Stockholders must provide notice that sets forth the information required by Rule 14a-19 under the Securities Exchange Act
of 1934 no later than March 15, 2027 and comply with the deadlines outlined in our Bylaws described below.
WSFS Bank 2026 Proxy Statement
65
Stockholder Director Nominations
As set forth in our Bylaws, a stockholder making a recommendation for nomination must provide certain information for each person
the stockholder proposes to recommend as a nominee to the Board:
 
As required by our Bylaws, a recommendation for nomination must provide the following information for each person the stockholder
proposes to recommend as a nominee to the Board:
the name and age of such person;
any information required to be disclosed in solicitations of proxies with respect to nominees for election of directors by Section
14 of the Exchange Act and related rules and regulations (including the written consent of the person proposed as a director
nominee);
a description of all direct and indirect compensation, economic interests and other material monetary arrangements during the
past three years, and any other material relationships, between or among such stockholder and each recommended nominee,
including all information that would be required to be disclosed pursuant to Item 404 of Regulation S-K if the stockholder making
the nomination were the “registrant” for purposes of such rule and the recommended nominee were a director or executive
officer of such registrant;
a description of all relationships between the proposed nominee and the recommending stockholder, and of any agreements,
arrangements and understandings between the recommending stockholder and the recommended nominee regarding the
nomination; and
a description of all relationships between the recommended nominee and any of the Company’s competitors, customers,
suppliers, labor unions and any other persons with special interests regarding the Company.
 
In addition, our Bylaws require such a recommendation for nomination or proposal to provide specified information with respect to the
stockholder recommending a nominee, as well as the beneficial owner, if any, on whose behalf the recommendation for nomination is
made. Such information includes, among other things:
the name, address and telephone number of such stockholder and of such beneficial owner;
the class or series and number of shares of the Company owned of record by such stockholder and beneficially by such
beneficial owner and the time period such shares have been held;
any derivative instruments with respect to Company shares owned by such stockholder or beneficial owner;
any proxy or similar arrangement pursuant to which such stockholder or beneficial owner has a right to vote any shares of any
security of the Company or has granted any such right to any person or persons;
short interest in any security of the Company; and
any other information relating to such stockholder and beneficial owner that would be required to be disclosed in a proxy
statement or other filings required to be made in connection with solicitations of proxies for the election of directors in a
contested election pursuant to Section 14 of the Exchange Act and related rules and regulations.
 
Such notice must also contain certain representations by the stockholder and beneficial owner, as well as certain other information as
provided in our Bylaws.
 
Nominations for the 2027 Annual Meeting of Stockholders must be received no earlier than January 14, 2027 and no later than
February 13, 2027. For additional details regarding the requirements with respect to such notices, please see our Bylaws, which were
filed as Exhibit 3.1 to our Current Report on Form 8-K filed with the SEC on February 28, 2023.
 
Other Stockholder Proposals
 
For any proposals other than a recommendation for director nomination, our Bylaws require that such proposal include certain
information regarding the proposal. In addition, our Bylaws require such a recommendation for nomination or proposal to provide
specified information with respect to the stockholder recommending a nominee, as well as the beneficial owner, if any, on whose behalf
the recommendation for nomination is made. Such notice must also contain certain representations by the stockholder and beneficial
owner, as well as certain other information as provided in the Bylaws.
 
Proposals to be submitted for the 2027 Annual Meeting of Stockholders outside of SEC Rule 14a-8 must be received no earlier than
January 14, 2027 and no later than February 13, 2027. For additional details regarding the requirements with respect to such notices,
please see our Bylaws, which were filed as Exhibit 3.1 to our Current Report on Form 8-K filed with the SEC on February 28, 2023.
WSFS Bank 2026 Proxy Statement
66
Company Documents and Other Matters
Annual Report
A copy of our 2025 Annual Report, including financial statements
and schedules, has been made available to stockholders and is
posted on our website at investors.wsfsbank.com and at the
SEC at its website at www.sec.gov. Additional copies of our 2025
Annual Report may be obtained without charge by writing to
WSFS Bank Center, 500 Delaware Avenue, Wilmington,
Delaware 19801, Attention: Investor Relations.
Internet Availability of Proxy Materials, or if you are receiving
multiple copies thereof and wish to receive only one, please
notify your broker or nominee if your shares are held in a
brokerage account or other account or our agent, Equiniti Trust
Company, LLC (“Equiniti”) if you hold registered shares. You can
notify Equiniti by sending a written request to: Equiniti Trust
Company, LLC, 55 Challenger Road, Floor 2, Ridgefield Park,
NJ 07660, or by calling Equiniti at (877) 864-4747.
Householding
The SEC has adopted rules that permit companies and
intermediaries, such as brokers, to satisfy delivery requirements
for annual reports, proxy statements and Notices of Internet
Availability of Proxy Materials with respect to two or more
stockholders sharing the same address by delivering a single
annual report, proxy statement and Notice of Internet Availability
of Proxy Materials addressed to those stockholders. This
process, which is commonly referred to as “householding,”
potentially provides extra convenience for stockholders and cost
savings for companies. Brokers with account holders who are
stockholders of the Company may be householding the
Company’s proxy materials. Once you have received notice from
your broker that it will be householding materials to your
address, householding will continue until you are notified
otherwise or until you revoke your consent. If, at any time, you
no longer wish to participate in householding and would prefer to
receive a separate annual report, proxy statement, or Notice of
Other Matters
Our Board of Directors knows of no business that will be
presented for consideration at the Annual Meeting other than as
stated in the Notice of Annual Meeting of Stockholders. If,
however, other matters are properly brought before the Annual
Meeting, it is the intention of the persons named in the
accompanying proxy to vote the shares represented thereby on
such matters in accordance with their best judgment. Whether or
not you intend to be present at the Annual Meeting, you are
urged to vote via the Internet, by telephone or, if you received
printed materials, by returning your proxy card. If you are present
at the Annual Meeting and wish to vote your shares in person,
your original proxy may be revoked by voting at the Annual
Meeting. However, if you are a stockholder whose shares are not
registered in your own name, you will need appropriate
documentation from your record-holder to vote personally at the
Annual Meeting.
WSFS Bank 2026 Proxy Statement
67
APPENDIX A – NON-GAAP RECONCILIATIONS
 
The Company uses certain non-GAAP financial measures to provide meaningful supplemental information regarding the Company’s
operational performance and to enhance investors’ overall understanding of such financial performance. The non-GAAP measures
used herein include ROTCE, Core ROA, coverage ratio including estimated remaining credit marks, Adjusted ROA, Adjusted ROTCE,
and Adjusted EPS. Management believes that these non-GAAP financial measures provide useful information to an understanding of
the operating results of our core business. However, these non-GAAP financial measures are supplemental and are not a substitute for
an analysis based on GAAP measures. As other companies may use different calculations for these adjusted measures, this
presentation may not be comparable to other similarly titled adjusted measures reported by other companies. A reconciliation of the
non-GAAP measure to the GAAP measure are set forth below:
 
(dollars in thousands, except per share data)
As of and for the Year Ended
December 31, 2025
Calculation of return on average tangible common equity:
GAAP net income attributable to WSFS
$287,349
Plus: Tax effected amortization of intangible assets
11,538
Net tangible income (non-GAAP)
$298,887
Average stockholders’ equity of WSFS
2,682,068
Less: Average goodwill and intangible assets
979,420
Net average tangible common equity (non-GAAP)
$1,702,648
Return on average common equity (GAAP)
10.71%
Return on average tangible common equity (non-GAAP)
17.55%
Calculation of tangible common book value per share:
Total stockholders’ equity of WSFS (GAAP)
$2,738,545
Less: Goodwill and other intangible assets
969,903
Total tangible common equity (non-GAAP)
$1,768,642
Number of shares of common stock outstanding (000s)
53,410
Book value per share (GAAP)
$51.27
Tangible common book value per share (non-GAAP)
$33.11
Calculation of adjusted net income:
GAAP net income attributable to WSFS
$287,349
Plus: Unrealized loss on equity investments, net
4,057
Less: Realized gain on sale of equity investment, net
(957)
Plus: Visa derivative valuation adjustment
3,929
Plus: Loss on debt extinguishment
1,503
Plus: Corporate development and restructuring expense
488
Plus: Tax impact of pre-tax adjustments
(2,097)
Adjusted net income (non-GAAP)
$294,272
 
 
WSFS Bank 2026 Proxy Statement
68
 
(dollars in thousands, except per share data)
As of and for the Year Ended
December 31, 2025
Quality of Earnings Calculations:
Calculation of Adjusted ROA:
GAAP net Income attributable to WSFS
$287,349
Adjusted net income (non-GAAP)
$294,272
Average Assets
21,095,621
Number of weighted average fully diluted shares (000s)
56,471
Return on Average Assets (GAAP)
1.36%
Plus pre-tax adjustments: Realized gain on equity investments, net, Visa derivative valuation adjustment, FDIC
special assessment, corporate development and restructuring expense, and remeasurement of lease liability
0.04
Less: Tax impact of pre-tax adjustments
(0.01)
Adjusted ROA (non-GAAP)
1.39%
Calculation of Adjusted return on average tangible common equity (non-GAAP):
Adjusted net income (non-GAAP) attributable to WSFS
$294,272
Plus: Tax effected amortization of intangible assets
11,538
Adjusted net tangible income (non-GAAP)
$305,810
Net average tangible common equity (non-GAAP)
1,702,648
Adjust return on average tangible common equity (non-GAAP)
17.96%
Calculation of Adjusted EPS:
Earnings per share (diluted) (GAAP)
$5.09
Plus pre-tax adjustments: Realized gain on equity investments, net, Visa derivative valuation adjustment, FDIC
special assessment, corporate development and restructuring expense, and remeasurement of lease liability
0.16
Less: Tax impact of pre-tax adjustments
(0.04)
Adjusted EPS (non-GAAP)
$5.21
Calculation of tangible common book value per share:
Total stockholders’ equity of WSFS (GAAP)
$2,738,545
Less: Goodwill and other intangible assets
969,903
Total tangible common equity (non-GAAP)
$1,768,642
Number of shares of common stock outstanding (000s)
53,410
Book value per share (GAAP)
$51.27
Tangible common book value per share (non-GAAP)
$33.11
 
(dollars in thousands)
As of and for the Year Ended
December 31, 2024
Quality of Earnings Calculations:
Calculation of Adjusted ROA:
GAAP Net Income attributable to WSFS
$263,671
Less: Realized gain on sale of equity investment, net
(2,309)
Less: Visa derivative valuation adjustment
(2,829)
Plus: FDIC special assessment
880
Less: Remeasurement of lease liability
(112)
Plus: Corporate development and restructuring expense
2,666
Plus: Tax impact of pre-tax adjustments
485
Adjusted net income (non-GAAP)
$262,452
Average Assets
20,821,071
Return on Average Assets (GAAP)
1.27%
Plus pre-tax adjustments: Realized gain on equity investments, net, Visa derivative valuation adjustment, FDIC
special assessment, corporate development and restructuring expense, and remeasurement of lease liability
(0.01)
Less: Tax impact of pre-tax adjustments
Adjusted ROA (non-GAAP)
1.26%
WSFS Bank 2026 Proxy Statement
69
(dollars in thousands)
As of and for the Year Ended
December 31, 2023
Quality of Earnings Calculations:
Calculation of Adjusted ROA:
GAAP Net Income attributable to WSFS
$269,156
Less: Unrealized gain on equity investments, net
(329)
Less: Realized gain on sale of equity investment, net
(9,493)
Plus: Visa derivative valuation adjustment
2,460
Plus: FDIC special assessment
5,052
Plus: Corporate development and restructuring expense
3,701
Plus: Contribution to WSFS CARES Foundation
2,000
Plus: Tax adjustments: BOLI Surrender
7,056
Less: Tax impact of pre-tax adjustments
(764)
Adjusted net income (non-GAAP)
$278,839
Average Assets
20,203,037
Return on Average Assets (GAAP)
1.33%
Plus: Pre-tax adjustments: Realized/unrealized gain on equity investments, net, Visa derivative valuation
adjustment, FDIC special assessment, corporate development and restructuring expense, and contribution to WSFS
CARES Foundation
0.02
Plus: Tax adjustments: BOLI Surrender
0.03
Less: Tax impact of pre-tax adjustments
Adjusted ROA (non-GAAP)
1.38%
(dollars in thousands)
As of and for the Year Ended
December 31, 2022
Quality of Earnings Calculations:
Calculation of Adjusted ROA:
GAAP Net Income attributable to WSFS
$222,375
Plus: Corporate development and restructuring expense
65,222
Plus: Initial ACL recorded in connection with the combination with Bryn Mawr Corporation
23,514
Less: Unrealized gain on equity investments
(5,980)
Less: Tax impact of pre-tax adjustments
(19,028)
Adjusted net income (non-GAAP)
$286,101
Average Assets
20,463,695
Return on Average Assets (GAAP)
1.09%
Plus: Pre-tax adjustments: Corporate development and restructuring expense, loss on debt extinguishment,
contribution to WSFS Cares Foundation, recovery of legal settlement, and realized and unrealized gains on equity
investments, net
0.40
Less: Tax impact of pre-tax adjustments
(0.09)
Adjusted ROA (non-GAAP)
1.40%
(dollars in thousands)
As of and for the Year Ended
December 31, 2021
Quality of Earnings Calculations:
Calculation of Adjusted ROA:
GAAP Net Income attributable to WSFS
$271,442
Plus: Corporate development and restructuring expense
13,022
Plus: Loss on debt extinguishment
1,087
Plus: Contribution to WSFS CARES Foundation
1,000
Less: Recovery of legal settlement
(4,062)
Less: Realized and unrealized gain on sale of equity investments, net
(4,766)
Less: Tax impact of pre-tax adjustments
(992)
Adjusted net income (non-GAAP)
$276,731
Average Assets
14,903,920
Return on Average Assets (GAAP)
1.82%
Plus: Pre-tax adjustments: Corporate development and restructuring expense, loss on debt extinguishment,
contribution to WSFS Cares Foundation, recovery of legal settlement, and realized and unrealized gains on equity
investments, net
0.05
Less: Tax impact of pre-tax adjustments
(0.01)
Adjusted ROA (non-GAAP)
1.86%
WSFS Bank 2026 Proxy Statement
70
Our financial statements and other information about us are included in our Annual Report on Form 10-K for the fiscal year ended
December 31, 2025, filed with the SEC on March 2, 2026, and in our 2025 Annual Report, which is available at https://
web.viewproxy.com/wsfs/2026.
 
Non-GAAP Measures:
Net tangible income is a non-GAAP measure that adjusts net income attributable to WSFS determined in accordance with GAAP
to exclude the impact of amortization of intangible assets.
Tangible common equity is a non-GAAP measure and is defined as total stockholders’ equity less goodwill, other intangible
assets.
ROTCE is a non-GAAP measure and is defined as net tangible income divided by average tangible common equity.
Tangible common book value per share ("TBV") is a non-GAAP financial measure that divides (i) TCE by (ii) shares outstanding.
Coverage ratio including the estimated remaining credit marks is a non-GAAP measure that adjusts the coverage ratio to include
the impact of the remaining credit marks on the acquired loan portfolios.
Adjusted net income is a non-GAAP measure that adjusts net income attributable to WSFS determined in accordance with GAAP
to exclude the impact of realized/unrealized gains (losses) on equity investments, net, Visa derivative valuation adjustment, FDIC
special assessment, corporate development and restructuring expense, contribution to WSFS CARES Foundation, initial ACL
recorded in connection with the combination with Bryn Mawr Bank Corporation, loss on debt extinguishment, recovery of legal
settlement, and remeasurement of lease liability.
Adjusted ROA is a non-GAAP measure that divides adjusted net income by average assets for the applicable period.
Adjusted net tangible income is a non-GAAP measure that excludes the impact of amortization of intangible assets from adjusted
net income.
Adjusted ROTCE is a non-GAAP measure and is defined as adjusted net tangible income divided by average tangible common
equity.
Adjusted EPS is a non-GAAP measure that divides (i) adjusted net income by (ii) weighted average fully diluted shares for the
applicable period.
 
 
 
wsfs_financial_corporation_color.jpg
500 Delaware Avenue, Wilmington, DE 19801
wsfsbank.com
WSFS Bank Center
©2026 WSFS Bank. All rights reserved
WSFS Financial Corporation
Mr AB Sample
Sample Street
Sample Town
Sampleshire, XXX XXX
As a stockholder of WSFS Financial Corporation you have the option
of voting your shares electronically through the Internet or by
telephone, eliminating the need to return the proxy card. Your
electronic or telephonic vote authorizes the named proxies to vote your
shares in the same manner as if you marked, signed, dated, and
returned the proxy card. Votes submitted electronically over the
Internet or by telephone must be received by 11:59 pm Eastern Time,
on May 13, 2026.
PROXY VOTING INSTRUCTIONS
Please have your 11-digit control number ready
when voting by Internet or Telephone.
Web.jpg
Vote Your Proxy on the Internet:
Go to https://AALvote.com/WSFS
Have your proxy card available when you
access the above website. Follow the prompts
to vote your shares.
phone.jpg
Vote Your Proxy by Phone:
Call 1-866-804-9616
Use any touch-tone telephone to vote your
proxy. Have your proxy card available when
you call. Follow the voting instructions to vote
your shares.
mail.jpg
Vote Your Proxy by Mail:
Mark, sign, and date your proxy card, then
detach it, and return it in the postage-paid
envelope provided. Proxy cards submitted by
mail must be received by May 13, 2026.
CONTROL NUMBER
q    PLEASE DETACH ALONG PERFORATED LINE AND MAIL IN THE ENVELOPE PROVIDED.    q
WSFS Financial Corporation
ANNUAL MEETING OF STOCKHOLDERS 
MAY 14, 2026 AT 4:00 PM EASTERN TIME
THIS PROXY IS SOLICITED ON BEHALF OF
THE BOARD OF DIRECTORS
The undersigned hereby appoints Rodger Levenson and Lisa Washington, or either of them, with full power of substitution, to act as attorney and proxies
for the undersigned and to vote all shares of Common Stock of WSFS Financial Corporation, which the undersigned is entitled to vote, at the Annual
Meeting of Stockholders to be held virtually on May 14, 2026 at 4:00 PM ET or at any adjournments thereof as follows:
The Annual Meeting of Stockholders will be held virtually. To attend the meeting, you must register at https:// web.viewproxy.com/wsfs/2026 by 11:59 PM
ET on May 11, 2026. On the day of the Annual Meeting of Stockholders, if you have properly registered, you may enter the meeting by clicking on the
link provided in your registration confirmations. Further instructions on how to attend and vote at the Annual Meeting of Stockholders are contained in the
Proxy Statement in the section titled “Meeting and Other Information”.
Mr AB Sample
Sample Street
Sample Town
Sampleshire, XXX XXX
CONTROL NUMBER
Address Change:
(If you noted any Address Changes above, please mark
box.) ☐
The proxy is revocable and, when properly executed, will be voted
in the manner directed here by the undersigned. If no directions
are made, this proxy will be voted in accordance with the Board of
Directors’ recommendations with respect to each proposal. The
undersigned, by executing and delivering this proxy, revokes the
authority given with respect to any earlier dated proxy submitted
by the undersigned. Unless contrary direction is given, the right is
reserved in the sole discretion of the Board of Directors to
distribute votes among some or all of the above nominees in a
manner other than equally so as to elect as directors the
maximum possible number of such nominees. ln their discretion
the proxies are authorized to vote upon such other business as
may properly come before the Annual Meeting.  The undersigned
acknowledges receipt of the Notice of Annual Meeting of
Stockholders, a Proxy Statement and Annual Report of WSFS
Financial Corporation. 
Signature________________________________________________
Date____________________________________________________
Title_____________________________________________________
Signature (Joint Owners)___________________________________
NOTE:  Please sign exactly as name(s) appear(s) hereon. When signing as
attorney, executor, administrator or other fiduciary, please give full title as such.
Joint owners should each sign personally. If a corporation, limited liability
company or partnership, please sign in full corporate, limited liability company, or
partnership name by authorized officer or person.
Important Notice Regarding the Availability of Proxy Materials for the
Annual Meeting of Stockholders to be held on May 14, 2026
The Notice of Annual Meeting of Stockholders, Proxy Statement
and our 2025 Annual Report are available at:
https://web.viewproxy.com/wsfs/2026
q    PLEASE DETACH ALONG PERFORATED LINE AND MAIL IN THE ENVELOPE PROVIDED.    q
THE BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR” THE ELECTION OF DIRECTORS, “FOR” PROPOSALS 2 and 3.
Please mark your votes like this  ☒
Proposal 1: The election of three directors for a three-year term ending
at the 2029 Annual Meeting of Stockholders.
Proposal 2. The approval, on an advisory (non-binding) basis, of
the compensation of WSFS Financial Corporation’s named
executive officers.
FOR  ☐  AGAINST  ☐  ABSTAIN  ☐ 
Proposal 3. The ratification of the appointment of KPMG LLP as
WSFS Financial Corporation’s independent registered public
accounting firm for the fiscal year ending December 31, 2026.
FOR  ☐  AGAINST  ☐  ABSTAIN  ☐ 
NOTE: Such other matters as may properly come before the
meeting or any adjournment thereof.
ELECTION OF DIRECTORS:
(1) Eleuthère I. du Pont
(2) Michelle Hong
(3) David G. Turner
☐  Mark here to vote FOR all nominees
☐  Mark here to WITHHOLD vote from all nominees
☐  For All EXCEPT (see instructions below)
INSTRUCTIONS: To withhold authority to vote for any individual
nominee(s), mark “FOR ALL EXCEPT” and fill in the box next to each
nominee you wish to withhold and write the number(s) of the
nominee(s) on the line below. To cumulate your vote for one or more of
the above nominee(s), hand write the manner in which such votes shall
be cumulated in the space next to each nominee(s) name(s). If you are
cumulating your vote, do not mark the box and you will need to vote
manually on a proxy card and not electronically.
I withhold my vote for the following nominee(s):