TFS Financial CFO sells 600 shares after option exercise
TFS Financial CORP (TFSL) reported that Chief Financial Officer and director Meredith S. Weil exercised employee stock options for 4,707 shares of common stock at an exercise price of $14.74 per share on August 28, 2026.
Rhea-AI Filing Summary
TFS Financial CORP (TFSL) reported that Chief Financial Officer and director Meredith S. Weil exercised employee stock options for 4,707 shares of common stock at an exercise price of $14.74 per share on August 28, 2026. The exercise yielded 4,707 common shares, of which 4,107 shares were delivered to the issuer to pay the option exercise price and applicable withholding taxes at a price of $18.00 per share, and 600 shares were sold at $18.00 per share. Weil continues to hold equity-based awards, including restricted stock units and performance restricted share units tied to shares of TFS Financial common stock, as well as an employee stock option covering 54,400 underlying shares at an exercise price of $19.31 per share expiring December 15, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
11 txns
Insider
WEIL MEREDITH S
Role
Chief Financial Officer
Sold
600 shs ($11K)
Approx. gross sale proceeds
$11K
Approx. exercise cost
$69K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) F12 | 4,707 | $14.74 | $69K |
| Exercise | Common Stock F1, F2 | 4,707 | $14.74 | $69K |
| Exercise Price or Tax Liability | Common Stock F3, F2 | 4,107 | $18.00 | $74K |
| Sale | Common Stock F2 | 600 | $18.00 | $11K |
| holding | Restricted Stock Units F5, F6 | -- | -- | -- |
| holding | Performance Restricted Share Units F5, F7 | -- | -- | -- |
| holding | Restricted Stock Units F5, F8 | -- | -- | -- |
| holding | Restricted Stock Units F5, F9 | -- | -- | -- |
| holding | Restricted Stock Units F5, F10 | -- | -- | -- |
| holding | Employee Stock Option (right to buy) F11 | -- | -- | -- |
| holding | Common Stock F4 | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 107,193 contracts for 54,400 underlying shares (Direct);
Common Stock — 38,480 shares (Direct);
Restricted Stock Units — 35,967 contracts (Direct);
Performance Restricted Share Units — 12,700 contracts (Direct);
Common Stock — 393 shares (Indirect, By 401(k))
Footnotes (12)
- F1. These common shares were acquired upon the exercise and settlement of certain stock options.
- F2. Shares are held with shared voting power with spouse.
- F3. These common shares were delivered to the issuer to pay for the options exercise price and applicable withholding tax due upon the exercise of certain stock options.
- F4. Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
- F5. Each restricted and performance stock unit represents a contingent right to receive one share of TFS Financial Corporation common stock. Restricted and performance stock units are entitled to dividend equivalent rights in the form of a cash payment in the amount of any cash dividend paid per share of common stock.
- F6. On December 18, 2025, the reporting person received a grant of 16,500 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2026.
- F7. On November 25, 2025, the reporting person achieved performance level of 100% on a target award of 12,700 Performance Share Units ("PSUs"), resulting in a total earned award of 12,700 shares. This represents the final determination a March 4, 2024 award that was dependent on certain performance results during the two fiscal year period ended September 30, 2025. Each PSU represents a contingent right to receive one share of TFS Financial Corporation common stock and are entitled to dividend equivalent rights in the form of a cash payment in the amount of any cash dividend paid per share of common stock during the period the award was outstanding. The shares and dividend equivalent payment will vest and distribute to the reporting person on December 10, 2026.
- F8. As reported on a Form 4 dated September 29, 2011, the reporting person received a grant of 3,600 restricted stock units that vest in four equal annual installments beginning May 14, 2011. Vested shares may be distributed to the Reporting Person only after that person's termination of employment with TFS Financial Corporation.
- F9. On December 19, 2024, the reporting person received a grant of 16,600 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2025.
- F10. On March 4, 2024, the reporting person received a grant of 14,400 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2024.
- F11. As reported on a Form 4 dated December 15, 2016, the reporting person received a grant of 79,400 stock options. These stock options vest in three equal annual installments beginning December 10, 2017.
- F12. As reported on a Form 4 dated January 8, 2018, the reporting person received a grant of 187,500 stock options. These stock options vest in three equal annual installments beginning December 10, 2018.
Key Figures
Options exercised: 4,707 shares of common stock
Option exercise price: $14.74 per share
Shares delivered for exercise price and taxes: 4,107 shares of common stock
+5 more
8 metrics
Options exercised
4,707 shares of common stock
Shares acquired upon exercise and settlement of stock options on August 28, 2026
Option exercise price
$14.74 per share
Exercise price for 4,707 employee stock options converted into common stock
Shares delivered for exercise price and taxes
4,107 shares of common stock
Shares delivered to issuer at $18.00 per share to pay option exercise price and withholding tax
Shares sold
600 shares of common stock
Sale transaction at $18.00 per share on August 28, 2026
Sale price
$18.00 per share
Price for both shares delivered for exercise price/taxes and shares sold
Remaining stock option underlying shares
54,400 shares of common stock
Underlying shares for employee stock option with $19.31 exercise price expiring December 15, 2026
Restricted Stock Units (December 18, 2025 grant)
16,500 underlying shares
RSUs vesting in three equal annual installments beginning December 10, 2026
Performance Share Units earned
12,700 underlying shares
PSUs with 100% performance level achieved for two fiscal years ended September 30, 2025
Key Terms
Employee Stock Option, Restricted Stock Units, Performance Share Units, dividend equivalent rights, +1 more
5 terms
Employee Stock Option financial
"Employee Stock Option (right to buy)"
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
Restricted Stock Units financial
"On December 18, 2025, the reporting person received a grant of 16,500 Restricted Stock Units"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalent rights financial
"are entitled to dividend equivalent rights in the form of a cash payment"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
Exercise or conversion of derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security"
FAQ
What did TFSL executive Meredith S. Weil do in this Form 4 filing?
Meredith S. Weil exercised employee stock options for 4,707 shares of TFS Financial CORP common stock, delivered 4,107 shares to cover the option exercise price and taxes, and sold 600 shares at $18.00 per share on August 28, 2026.
What stock options does Meredith S. Weil still hold in TFSL after these transactions?
Meredith S. Weil holds an employee stock option on 54,400 underlying shares of TFS Financial CORP common stock with an exercise price of $19.31 per share and an expiration date of December 15, 2026, as reported in the derivative holdings.
What restricted and performance units tied to TFSL stock does Meredith S. Weil hold?
Reported derivative holdings include restricted stock units and performance restricted share units representing 16,500, 3,600, 16,600, and 14,400 restricted units, plus 12,700 performance restricted share units, each convertible into one share of TFS Financial CORP common stock, subject to vesting terms.
Were the TFSL transactions reported under a Rule 10b5-1 trading plan?
The filing’s Rule 10b5-1 checkbox is not marked as affirmatively adopted, and the footnotes do not state that the reported transactions were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
