TFS Financial director sells 10,000 shares

Director Ashley H. Williams reports an open-market sale of 10,000 TFSL shares and updated stock and RSU holdings.

Rhea-AI Filing Summary

TFS Financial CORP (TFSL) director Ashley H. Williams reported selling 10,000 shares of common stock on September 8, 2026 at $17.28 per share through an account where she is a trust beneficiary, leaving 27,150 shares in that trust-related position. She also reports direct holdings of common stock and restricted stock units that may settle in additional shares. No Rule 10b5-1 trading plan is reported for this sale.

Insider Trade Summary

Net Seller: 10,000 shares

Net Sell 4 txns

Insider Williams Ashley H

Role Director

Sold 10,000 shs ($173K)

Type	Security	Shares	Price	Value
Sale	Common Stock	10,000	$17.28	$173K
holding	Restricted Stock Units F1, F2	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 27,150 shares (Indirect, Trust Beneficiary); Restricted Stock Units — 7,500 contracts (Direct); Common Stock — 16,510 shares (Direct); Common Stock — 40,000 shares (Indirect, Trustee for family trust)

Footnotes (2)

1. F1. 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.
2. F2. On December 18, 2025, the reporting person received a grant of 7,500 Restricted Stock Units ("RSUs") which fully vest on December 10, 2026.

Key Figures

Shares sold: 10,000 shares Sale price per share: $17.28 per share Indirect shares as trust beneficiary after sale: 27,150 shares +3 more

6 metrics

Shares sold 10,000 shares Common stock sale on September 8, 2026 by director Ashley H. Williams

Sale price per share $17.28 per share Price for the 10,000 TFSL shares sold on September 8, 2026

Indirect shares as trust beneficiary after sale 27,150 shares Common stock held through an account where Williams is a trust beneficiary

Direct common stock holdings 16,510 shares Common stock owned directly by Ashley H. Williams after reported transactions

Indirect family trust holdings 40,000 shares Common stock where Williams is trustee for a family trust

Restricted stock units underlying shares 7,500 shares Underlying common shares represented by Williams’ RSUs granted December 18, 2025

Key Terms

Restricted Stock Units, dividend equivalent rights, Trust Beneficiary, Trustee for family trust

4 terms

Restricted Stock Units financial

"On December 18, 2025, the reporting person received a grant of 7,500 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

"Restricted stock units 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.

Trust Beneficiary financial

"Trust Beneficiary"

Trustee for family trust financial

"Trustee for family trust"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did TFSL director Ashley H. Williams report?

Ashley H. Williams reported a sale of 10,000 shares of TFS Financial CORP common stock on September 8, 2026, executed at $17.28 per share, through an account where she is a trust beneficiary.

What are Ashley H. Williams’ remaining indirect TFSL holdings after the 10,000-share sale?

After the sale, an account where Ashley H. Williams is a trust beneficiary holds 27,150 shares of TFS Financial CORP common stock. She also has a separate indirect holding of 40,000 shares as trustee for a family trust.

What direct TFSL shareholdings does Ashley H. Williams report on this Form 4?

Ashley H. Williams reports direct ownership of 16,510 shares of TFS Financial CORP common stock. In addition, she reports 7,500 restricted stock units that are payable in common stock, held directly.

What are the terms of Ashley H. Williams’ 7,500 TFSL restricted stock units?

On December 18, 2025, Ashley H. Williams received 7,500 restricted stock units, each representing one share of common stock. These units fully vest on December 10, 2026 and carry dividend equivalent rights in cash equal to cash dividends on the underlying shares.

Were Ashley H. Williams’ TFSL share sales under a Rule 10b5-1 trading plan?

The filing indicates that no Rule 10b5-1 trading plan is reported for the transactions disclosed, meaning the 10,000-share sale on September 8, 2026 is not identified as being made under a pre-arranged trading plan.

How many TFSL shares could Ashley H. Williams receive from her restricted stock units?

Ashley H. Williams holds 7,500 restricted stock units, each representing a contingent right to receive one share of common stock. If all units vest and settle in stock, they would result in 7,500 additional TFSL shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Available on EDGAR 09/10/2026 - 03:31 PM Accepted by SEC EDGAR 09/10/2026 - 03:30 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Williams Ashley H

(Last) (First) (Middle)

7007 BROADWAY AVENUE

(Street)

CLEVELAND OHIO 44105

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
TFS Financial CORP [ TFSL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	09/08/2026		S		10,000	D	$17.28	27,150	I	Trust Beneficiary
Common Stock								16,510	D
Common Stock								40,000	I	Trustee for family trust

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)							(2)	(2)	Common Stock	7,500		7,500	D

Explanation of Responses:

1. 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.

2. On December 18, 2025, the reporting person received a grant of 7,500 Restricted Stock Units ("RSUs") which fully vest on December 10, 2026.

Remarks:

	/s/ Susanne N. Miller, Pursuant to Power of Attorney	09/10/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)