TFS Financial executive exercises 67,500 stock options
Cathy W. Zbanek, Chief Synergy Officer of TFS Financial, exercised 67,500 stock options at $14.74 on June 15, 2026, receiving an equal number of common shares, and delivered 61,334 shares at $16.92 to satisfy option exercise and tax obligations.
Rhea-AI Filing Summary
Cathy W. Zbanek, Chief Synergy Officer of TFS Financial, exercised 67,500 stock options at $14.74 on June 15, 2026, receiving an equal number of common shares, and delivered 61,334 shares at $16.92 to satisfy option exercise and tax obligations. After these transactions she directly holds 74,985 common shares, 31,134 restricted stock units, and 79,400 stock options for common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
67,500 shares exercised/converted
Exercise
10 txns
Insider
Zbanek Cathy W
Role
Chief Synergy Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 67,500 | $14.74 | $995K |
| Exercise | Common Stock | 67,500 | $14.74 | $995K |
| Exercise Price or Tax Liability | Common Stock | 61,334 | $16.92 | $1.04M |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Restricted Share Units | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 79,400 contracts (Direct);
Common Stock — 74,985 shares (Direct);
Restricted Stock Units — 31,134 contracts (Direct);
Performance Restricted Share Units — 12,400 contracts (Direct);
Common Stock — 14,234 shares (Indirect, By ESOP);
Common Stock — 5,323 shares (Indirect, By 401(k))
Footnotes (10)
- F1. These common shares were acquired upon the exercise and settlement of certain stock options.
- F2. These common shares were delivered to the issuer to pay for the options exercise price and applicable withholding tax due upon the exercise of certain stock options.
- F3. Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
- F4. 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.
- F5. 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.
- F6. On December 18, 2025, the reporting person received a grant of 15,800 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2026.
- F7. On March 4, 2024, the reporting person received a grant of 14,200 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2024.
- F8. On December 19, 2024, the reporting person received a grant of 15,900 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2025.
- F9. On November 25, 2025, the reporting person achieved performance level of 100% on a target award of 12,400 Performance Share Units ("PSUs"), resulting in a total earned award of 12,400 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.
- F10. 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
Options exercised: 67,500 shares at $14.7400
Shares delivered for taxes/exercise: 61,334 shares at $16.9200
Remaining stock options: 79,400 shares at $19.3100
+4 more
7 metrics
Options exercised
67,500 shares at $14.7400
Employee Stock Option exercise on June 15, 2026
Shares delivered for taxes/exercise
61,334 shares at $16.9200
Common Stock disposition coded F on June 15, 2026
Remaining stock options
79,400 shares at $19.3100
Employee Stock Option position expiring December 15, 2026
Direct common shares held
74,985 shares
Direct Common Stock holding after reported transactions
Restricted Stock Units held
31,134 units
Direct RSU holding after reported transactions
Indirect ESOP holding
14,234 shares
Common Stock held indirectly by ESOP
Indirect 401(k) holding
5,323 shares
Common Stock held indirectly by 401(k) plan
Key Terms
Restricted Stock Units, Performance Restricted Share Units, dividend equivalent rights, Employee Stock Option, +2 more
6 terms
Restricted Stock Units financial
"the reporting person received a grant of 15,800 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.
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.
Employee Stock Option financial
"As reported on a Form 4 dated December 15, 2016, the reporting person received a grant of 79,400 stock options"
An employee stock option is a promise that lets a worker buy company shares later at a predetermined price, often after they stay for a certain period or meet performance goals — think of it like a coupon that locks in today's price for a future purchase. It matters to investors because options align employees’ incentives with company performance, can increase the number of shares outstanding (dilution) when exercised, and represent a compensation cost that affects reported profits and shareholder value.
ESOP financial
"Common Stock holding with nature of ownership noted as By ESOP"
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
401(k) financial
"Common Stock holding with nature of ownership noted as By 401(k)"
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did TFSL executive Cathy W. Zbanek report in this Form 4?
Cathy W. Zbanek reported exercising 67,500 stock options at $14.74 and receiving the same number of TFSL common shares. She also delivered 61,334 shares at $16.92 to cover option exercise and tax obligations, as coded in the filing.
How many TFSL stock options does Cathy W. Zbanek hold after this Form 4?
After the reported transactions, Cathy W. Zbanek holds 79,400 employee stock options for TFSL common stock. These options have an exercise price of $19.31 per share and expire on December 15, 2026, according to the derivative holdings summary.
What derivative awards besides options does Cathy W. Zbanek have in TFSL?
Cathy W. Zbanek holds several TFSL equity awards, including restricted stock units and performance restricted share units. Footnotes describe RSU grants of 15,800, 14,200 and 15,900 units and a performance award of 12,400 shares tied to achieving 100% of a target.
AI-generated analysis. How Rhea-AI works. Not financial advice.
