WSFS FINANCIAL CORP
For the period ended Mar 31, 2024. Filed May 6, 2024.
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Mar 31, 2024 · Filed May 6, 2024
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Unregistered Sales of Equity Securities and Use of Proceeds
During the second quarter of 2022, the Board of Directors of the Company approved an additional share repurchase authorization under the program of 6,358,727 shares of common stock, or 10% of its outstanding shares as of June 30, 2022. Under the program, repurchases may be made from time to time in the open market or through negotiated transactions, subject to market conditions and other factors, and in accordance with applicable securities laws. The program is consistent with our intent to return a minimum of 35% of annual net income to stockholders through dividends and share repurchases while maintaining capital ratios in excess of “well-capitalized” regulatory benchmarks.
The following table represents information with respect to repurchases of common stock made by the Company during the three months ended March 31, 2024.
| Month | Total Numberof Shares Purchased | Average PricePaid Per Share | Total Number ofShares Purchased asPart of PubliclyAnnounced Plans orPrograms | Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs |
|---|---|---|---|---|
| January 1, 2024 - January 31, 2024 | 14,000 | $46.67 | 14,000 | 5,327,593 |
| February 1, 2024 - February 29, 2024 | 323,748 | 42.26 | 323,748 | 5,003,845 |
| March 1, 2024 - March 31, 2024 | 154,620 | 43.01 | 154,620 | 4,849,225 |
| Total | 492,368 | $42.62 | 492,368 |
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