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TFS Financial (TFSL) insider reports 5,100-share RSU vesting

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

TFS Financial Corp reported that one of its directors acquired 5,100 shares of common stock on December 10, 2025. These shares were received at a price of $0 when previously granted restricted stock units vested and settled. The 5,100 restricted stock units were originally granted on December 19, 2024 and fully vested on December 10, 2025.

After this transaction, the director directly owns 42,500 shares of TFS Financial common stock. In addition, there are 84,289 shares held indirectly as trustee and 1,069 shares held indirectly through the director’s spouse. Following the settlement, the director no longer holds any of the 5,100 restricted stock units, as they have all been converted into common shares.

Positive

  • None.

Negative

  • None.
Insider Cohen Martin J
Role Director
Type Security Shares Price Value
Exercise Restricted Stock Units 5,100 $0.00 --
Exercise Common Stock 5,100 $0.00 --
holding Common Stock -- -- --
holding Common Stock -- -- --
Holdings After Transaction: Restricted Stock Units — 0 shares (Direct); Common Stock — 42,500 shares (Direct); Common Stock — 84,289 shares (Indirect, Trustee)
Footnotes (1)
  1. These common shares were acquired upon the vesting and settlement of certain restricted stock units (RSUs). 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. On December 19, 2024, the reporting person received a grant of 5,100 Restricted Stock Units ("RSUs") which fully vest on December 10, 2025.
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
Estimated average burden
hours per response: 0.5
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*
Cohen Martin J

(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
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
12/10/2025
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 12/10/2025 M 5,100(1) A $0 42,500 D
Common Stock 84,289 I Trustee
Common Stock 1,069 I By Spouse
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) 12/10/2025 M 5,100 (3) (3) Common Stock 5,100 $0 0 D
Explanation of Responses:
1. These common shares were acquired upon the vesting and settlement of certain restricted stock units (RSUs).
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 19, 2024, the reporting person received a grant of 5,100 Restricted Stock Units ("RSUs") which fully vest on December 10, 2025.
Remarks:
/s/ Susanne N. Miller, Pursuant to Power of Attorney 12/12/2025
** 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 in this filing?

A TFS Financial Corp director reported acquiring 5,100 shares of common stock on December 10, 2025 when restricted stock units vested and were settled into shares.

How did the director acquire the 5,100 TFS Financial (TFSL) shares?

The 5,100 shares were acquired at a price of $0 upon the vesting and settlement of previously granted restricted stock units, each representing the right to receive one share.

What is the director’s direct ownership in TFS Financial (TFSL) after the transaction?

Following the reported transaction, the director directly owns 42,500 shares of TFS Financial Corp common stock.

What indirect holdings in TFS Financial (TFSL) does the director report?

The director reports indirect ownership of 84,289 shares as trustee and 1,069 shares held indirectly through the director’s spouse.

When were the restricted stock units for TFS Financial (TFSL) granted and when did they vest?

The director received a grant of 5,100 restricted stock units on December 19, 2024, which fully vested on December 10, 2025.

How many restricted stock units does the director hold after this TFS Financial (TFSL) transaction?

After the December 10, 2025 vesting and settlement of 5,100 restricted stock units into common shares, the director reports holding 0 restricted stock units.

Is this TFS Financial (TFSL) filing for one reporting person or multiple?

The document indicates that the form was filed by one reporting person, not by more than one reporting person.