TFSL insider earns 12,700 PSUs after meeting performance targets
Rhea-AI Filing Summary
TFS Financial Corporation (TFSL) reported an insider equity compensation event for its Chief Financial Officer, who is also a director. On November 25, 2025, the executive achieved a 100% performance level on a target award of 12,700 Performance Share Units (PSUs) from a grant dated March 4, 2024, tied to results over the two fiscal years ended September 30, 2025. This resulted in a total earned award of 12,700 shares of common stock, which, along with related dividend-equivalent cash payments, is scheduled to vest and be distributed on December 10, 2026. The filing also lists previously granted performance units, restricted stock units, and stock options that remain outstanding as part of the executive’s long-term incentive package.
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Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Share Units | 12,700 | $0.00 | -- |
| holding | Performance Restricted Share Units | -- | -- | -- |
| holding | Restricted Stock 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 | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- Shares are held with shared voting power with spouse. 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 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. On November 21, 2024, the reporting person achieved performance level of 90.0% on a target award of 21,300 Performance Share Units ("PSUs"), resulting in a total earned award of 19,170 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 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. 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. On December 15, 2022, the reporting person received a grant of 14,200 Restricted Stock Units (RSUs). These RSUs vest in three equal installments beginning December 10, 2023 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. 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. As reported on a Form 4 dated December 17, 2015, the reporting person received a grant of 49,200 stock options on December 15, 2015. These stock options vest in three equal annual installments beginning December 10, 2016. 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.
FAQ
What insider transaction was reported for TFS Financial (TFSL)?
The Chief Financial Officer and director of TFS Financial Corporation (TFSL) reported earning 12,700 Performance Share Units on November 25, 2025, based on achieving the performance goals of a prior equity award.
When will the newly earned TFS Financial (TFSL) PSUs vest and be distributed?
The 12,700 Performance Share Units, plus related dividend-equivalent cash payments, are scheduled to vest and be distributed on December 10, 2026.
What performance period determined the TFS Financial (TFSL) PSU payout?
The payout on the 12,700 Performance Share Units was based on performance during the two fiscal year period ended September 30, 2025 for TFS Financial Corporation.
What other equity awards does the TFS Financial (TFSL) CFO hold?
The filing lists additional performance share units, restricted stock units, and employee stock options tied to TFS Financial common stock that remain outstanding as part of the CFO’s compensation.
Does the TFS Financial (TFSL) executive receive dividend equivalents on PSUs and RSUs?
Each restricted and performance stock unit represents a contingent right to one share of common stock and includes dividend equivalent rights in cash equal to any cash dividend paid per share during the award period.