TFS Financial Chief Innovation Officer reports new PSU and RSU awards
Rhea-AI Filing Summary
TFS Financial Corp (TFSL) filed a Form 4 for its Chief Innovation Officer reporting equity awards and updated holdings. On November 25, 2025, the officer earned 5,700 Performance Share Units (PSUs) at a 100% performance level from a March 4, 2024 award tied to results over the two fiscal years ended September 30, 2025. These PSUs, each representing one share of common stock with dividend-equivalent cash rights, will vest and be distributed on December 10, 2026. The filing also notes an earlier 8,730-share PSU award earned at 90.0% of target from a December 15, 2022 grant, scheduled to vest on December 10, 2025, plus previously granted restricted stock units and 5,000 stock options at an exercise price of $14.74. Following the reported transactions, the officer beneficially owns common stock directly and through ESOP and 401(k) accounts, as well as multiple RSU and PSU awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Share Units | 5,700 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Restricted Share Units | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended. 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. On November 25, 2025, the reporting person achieved performance level of 100% on a target award of 5,700 Performance Share Units ("PSUs"), resulting in a total earned award of 5,700 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. Each restricted stock unit represents a contingent right to receive one share of TFS Financial Corporation common stock. Restricted 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. On December 15, 2022, the reporting person received a grant of 6,400 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2023. On March 4, 2024, the reporting person received a grant of 6,500 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2024. On November 21, 2024, the reporting person achieved performance level of 90.0% on a target award of 9,700 Performance Share Units ("PSUs"), resulting in a total earned award of 8,730 shares. This represents the final determination a December 15, 2022 award that was dependent on certain performance results during the two fiscal year period ended September 30, 2024. 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, 2025. On January 5, 2018, the reporting person received a grant of 5,000 stock options. These options fully vest on December 10, 2020.
FAQ
What insider activity did TFSL report in this Form 4?
The Form 4 shows TFS Financial Corp’s Chief Innovation Officer earned 5,700 Performance Share Units on November 25, 2025 after achieving a 100% performance level on a March 4, 2024 award.
How many TFS Financial (TFSL) PSUs were earned based on 2025 performance?
The officer earned 5,700 PSUs at a 100% performance level from a target award of 5,700 units tied to a two fiscal year period ended September 30, 2025.
What prior performance award is disclosed for TFSL’s Chief Innovation Officer?
The filing notes that on November 21, 2024, the officer earned 8,730 PSUs at 90.0% of a 9,700-unit target from a December 15, 2022 award, scheduled to vest on December 10, 2025.
What other equity awards does the TFSL officer hold?
The officer holds restricted stock units from 6,400-unit and 6,500-unit grants that vest in three annual installments, as well as 5,000 stock options with a $14.74 exercise price expiring on January 15, 2028.
How does the Form 4 describe dividend rights on TFSL RSUs and PSUs?
Both restricted and performance stock units carry dividend equivalent rights, paying cash equal to any cash dividend per share of TFS Financial common stock during the vesting period.