TFS Financial (TFSL) discloses 8,600 RSU grant to strategy chief

Rhea-AI Filing Summary

TFS Financial Corp’s Chief Strategy Officer reported new and existing equity holdings in the company. On December 18, 2025, the officer received a grant of 8,600 restricted stock units (RSUs), each representing one share of common stock and carrying dividend equivalent rights. These RSUs vest in three equal annual installments beginning on December 10, 2026.

Following the reported transactions, the officer beneficially owns 48,720 shares of common stock directly, plus 7,565 shares through an ESOP and 10,000 shares as trustee for a family trust. The officer also holds previously granted RSUs covering 2,867 and 15,000 shares with vesting schedules tied to December 10, 2025 and December 10, 2026, and 1,800 stock options at an exercise price of $14.74 expiring on January 5, 2028.

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

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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^*

Stefanski Bradley T

(Last) (First) (Middle)

7007 BROADWAY AVENUE

(Street)

CLEVELAND OH 44105

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/18/2025

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

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

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

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								48,720	D
Common Stock								7,565	I	ESOP(1)
Common Stock								10,000	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	(2)	12/18/2025		A		8,600		(3)	(3)	Common Stock	8,600	$0	8,600	D
Restricted Stock Units	(2)							(4)	(4)	Common Stock	2,867		2,867	D
Restricted Stock Units	(2)							(5)	(5)	Common Stock	15,000		15,000	D
Employee Stock Option (right to buy)	$14.74							(6)	01/05/2028	Common Stock	1,800		1,800	D

Explanation of Responses:

1. Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.

2. 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.

3. On December 18, 2025, the reporting person received a grant of 8,600 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2026.

4. On December 19, 2024, the reporting person received a grant of 4,300 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2025.

5. On March 4, 2024, the reporting person received a grant of 15,000 Restricted Stock Units (RSUs). These RSUs fully vest on December 10, 2026.

6. On January 5, 2018, reporting person received a grant of 1,800 stock options. These stock options vest 100% on December 10, 2020

Remarks:

	/s/ Susanne N. Miller, Pursuant to Power of Attorney	12/18/2025
	** 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.

FAQ

What insider transaction did TFS Financial (TFSL) report for the Chief Strategy Officer?

The Chief Strategy Officer of TFS Financial Corp reported receiving a grant of 8,600 restricted stock units (RSUs) on December 18, 2025, along with updated totals of existing equity holdings.

How many restricted stock units did the TFS Financial (TFSL) officer receive and how do they vest?

On December 18, 2025, the officer received 8,600 RSUs. These RSUs vest in three equal annual installments beginning on December 10, 2026.

What other RSU awards does the TFS Financial (TFSL) Chief Strategy Officer hold?

The officer holds RSUs from earlier grants: 4,300 RSUs granted on December 19, 2024 that vest in three equal annual installments beginning December 10, 2025, and 15,000 RSUs granted on March 4, 2024 that fully vest on December 10, 2026.

What stock option position does the TFS Financial (TFSL) officer report?

The officer reports 1,800 stock options with an exercise price of $14.74, granted on January 5, 2018. These options vested 100% on December 10, 2020 and expire on January 5, 2028.

How many TFS Financial (TFSL) common shares does the officer beneficially own directly and indirectly?

The officer beneficially owns 48,720 shares of common stock directly, plus 7,565 shares indirectly through an ESOP and 10,000 shares as trustee for a family trust.

Do the TFS Financial (TFSL) RSUs provide dividend equivalent rights?

Yes. Each restricted stock unit represents a contingent right to receive one share of TFS Financial Corporation common stock and is entitled to dividend equivalent rights in cash equal to any cash dividend paid per share of common stock.