[Form 4] TFS Financial CORP Insider Trading Activity

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.

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
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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^*

WEIL MEREDITH S

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
11/25/2025

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								48,527	D(1)
Common Stock								549	I	BY ESOP(2)
Common Stock								371	I	By 401(k)(2)

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
Performance Restricted Share Units	(3)	11/25/2025		A		12,700		(4)	(4)	Common Stock	12,700	$0	12,700	D
Performance Restricted Share Units	(3)							(5)	(5)	Common Stock	19,170		19,170	D
Restricted Stock Units	(3)							(6)	(6)	Common Stock	16,600		16,600	D
Restricted Stock Units	(3)							(7)	(7)	Common Stock	9,600		9,600	D
Restricted Stock Units	(3)							(8)	(8)	Common Stock	4,734		4,734	D
Restricted Stock Units	(3)							(9)	(9)	Common Stock	3,600		3,600	D
Employee Stock Option (right to buy)	$19.31							(10)	12/15/2026	Common Stock	54,400		54,400	D
Employee Stock Option (right to buy)	$19.06							(11)	12/17/2025	Common Stock	24,200		24,200	D
Employee Stock Option (right to buy)	$14.74							(12)	01/05/2028	Common Stock	187,500		187,500	D

Explanation of Responses:

1. Shares are held with shared voting power with spouse.

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

3. 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.

4. 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.

5. 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.

6. 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.

7. 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.

8. 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

9. 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.

10. 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.

11. 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.

12. 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.

Remarks:

	/s/ Susanne N. Miller, Pursuant to Power of Attorney	11/26/2025
	** 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 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.

How many TFS Financial (TFSL) shares were earned in the latest performance award?

The executive earned a total of 12,700 shares of TFS Financial common stock from a performance share unit award after achieving 100% of the performance target.

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.