TFS Financial CFO sells 13,756 company shares
TFS Financial CORP Chief Financial Officer Meredith S. Weil reported an open-market sale of 13,756 shares of common stock at a weighted-average price of $14.91 per share on May 11, 2026.
Rhea-AI Filing Summary
TFS Financial CORP Chief Financial Officer Meredith S. Weil reported an open-market sale of 13,756 shares of common stock at a weighted-average price of $14.91 per share on May 11, 2026. According to the filing, the actual sale prices ranged from $14.86 to $14.96 per share.
After this sale, Weil directly holds 38,480 shares of TFS Financial common stock, plus 386 shares held indirectly through a 401(k). She also retains significant equity-based incentives, including employee stock options and restricted stock units that, if vested and exercised, would convert into additional common shares over time.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 13,756 shares
Net Sell
10 txns
Insider
WEIL MEREDITH S
Role
Chief Financial Officer
Sold
13,756 shs ($205K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 13,756 | $14.91 | $205K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Restricted Share Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 38,480 shares (Direct);
Restricted Stock Units — 35,967 contracts (Direct);
Performance Restricted Share Units — 12,700 contracts (Direct);
Employee Stock Option (right to buy) — 241,900 contracts (Direct);
Common Stock — 386 shares (Indirect, By 401(k));
Common Stock — 0 shares (Indirect, BY ESOP)
Footnotes (11)
- F1. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on May 11, 2026. The actual sale prices ranged from a low of $14.86 to a high of $14.96, inclusive. Each reporting person undertakes to provide upon request of the SEC Staff, TFS Financial Corporation or any security holder of TFS Financial Corporation full information regarding the number of shares sold at each price within the range. The amount reflected has been rounded to 2 decimal points.
- F2. Shares are held with shared voting power with spouse.
- F3. Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
- F4. 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.
- F5. 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.
- F6. 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.
- F7. 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.
- F8. 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.
- F9. 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.
- F10. 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.
- 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.
Key Figures
Shares sold: 13,756 shares
Average sale price: $14.91 per share
Direct common shares after sale: 38,480 shares
+5 more
8 metrics
Shares sold
13,756 shares
Open-market sale of common stock on May 11, 2026
Average sale price
$14.91 per share
Weighted-average price; trades ranged $14.86–$14.96
Direct common shares after sale
38,480 shares
Direct ownership following May 11, 2026 transaction
Indirect 401(k) holdings
386 shares
Common stock held indirectly via 401(k) plan
Stock options at $19.31
54,400 underlying shares
Employee stock options expiring December 15, 2026
Stock options at $14.74
187,500 underlying shares
Employee stock options expiring January 5, 2028
Performance share units earned
12,700 units
Award achieved 100% of target for period to Sept 30, 2025
Recent RSU grant
16,500 RSUs
Granted December 18, 2025; vesting over three years
Key Terms
Restricted Stock Units, Performance Restricted Share Units, Employee Stock Option (right to buy, dividend equivalent rights, +1 more
5 terms
Restricted Stock Units financial
"On December 18, 2025, the reporting person received a grant of 16,500 Restricted Stock Units (RSUs)."
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.
Employee Stock Option (right to buy financial
"Employee Stock Option (right to buy) with an exercise price of 19.3100 and expiration date December 15, 2026"
dividend equivalent rights financial
"Restricted and performance 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.
Section 16 of the Securities Exchange Act regulatory
"Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did TFS Financial (TFSL) CFO Meredith Weil report in this Form 4?
The Form 4 shows CFO Meredith S. Weil sold 13,756 TFS Financial common shares in an open-market transaction at a weighted-average price of $14.91 on May 11, 2026, and updated her remaining direct and indirect equity holdings.
Does the TFS Financial (TFSL) CFO still hold stock options after this Form 4?
Yes. The filing lists employee stock options for 54,400 TFS Financial shares at an exercise price of $19.31 expiring December 15, 2026, and options for 187,500 shares at $14.74 expiring January 5, 2028, indicating substantial remaining option-based exposure.
What restricted stock or performance units does the TFS Financial (TFSL) CFO hold?
The report shows multiple restricted stock unit and performance share unit awards, including 12,700 performance units that achieved 100% of target for a period ending September 30, 2025, and 16,500 restricted stock units granted December 18, 2025, vesting in three annual installments.
Were the other equity entries on the TFS Financial (TFSL) Form 4 new transactions?
Most additional lines in the filing reflect existing holdings, such as prior grants of restricted stock units, performance share units, and stock options. A footnote states some entries reflect transactions not required to be reported under Section 16 of the Exchange Act.
AI-generated analysis. How Rhea-AI works. Not financial advice.
