TFS Financial strategy chief sells 10,000 shares

TFS Financial’s Chief Strategy Officer sold 10,000 TFSL shares on September 11, 2026 and continues to hold substantial direct, indirect, and equity-award-based positions.

Rhea-AI Filing Summary

TFS Financial CORP (TFSL) reported that Chief Strategy Officer Bradley T. Stefanski sold 10,000 shares of common stock on September 11, 2026 in an open-market or private transaction at $16.94 per share, leaving him with 38,720 shares held directly.

He also reports indirect holdings of 8,497 common shares through an ESOP and 10,000 common shares as trustee for a family trust. In addition, he holds unvested equity awards, including restricted stock units representing 8,600, 2,867, and 15,000 underlying common shares with vesting schedules beginning December 10, 2025 and December 10, 2026, plus 1,800 stock options with a $14.74 exercise price expiring on January 5, 2028. No Rule 10b5-1 trading plan is reported.

Insider Trade Summary

Net Seller: 10,000 shares

Net Sell 7 txns

Insider Stefanski Bradley T

Role Chief Strategy Officer

Sold 10,000 shs ($169K)

Type	Security	Shares	Price	Value
Sale	Common Stock	10,000	$16.94	$169K
holding	Restricted Stock Units F2, F3	--	--	--
holding	Restricted Stock Units F2, F4	--	--	--
holding	Restricted Stock Units F2, F5	--	--	--
holding	Employee Stock Option (right to buy) F6	--	--	--
holding	Common Stock F1	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 38,720 shares (Direct); Restricted Stock Units — 26,467 contracts (Direct); Employee Stock Option (right to buy) — 1,800 contracts (Direct); Common Stock — 8,497 shares (Indirect, ESOP); Common Stock — 10,000 shares (Indirect, Trustee for family trust)

Footnotes (6)

1. F1. Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
2. F2. 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. F3. 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. F4. 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. F5. 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. F6. On January 5, 2018, reporting person received a grant of 1,800 stock options. These stock options vest 100% on December 10, 2020

Key Figures

Shares sold: 10,000 shares of common stock Sale price per share: $16.94 per share Direct holdings after transaction: 38,720 shares +5 more

8 metrics

Shares sold 10,000 shares of common stock Sale reported for September 11, 2026

Sale price per share $16.94 per share Open-market or private sale on September 11, 2026

Direct holdings after transaction 38,720 shares Directly owned TFSL common stock following the sale

Indirect ESOP holdings 8,497 shares Common stock held indirectly through ESOP as of September 11, 2026

Family trust holdings 10,000 shares Common stock held as trustee for a family trust

Restricted Stock Units (largest grant) 15,000 underlying shares RSUs granted March 4, 2024, vesting fully on December 10, 2026

Stock options outstanding 1,800 options at $14.74 Employee stock options expiring January 5, 2028

Additional RSU positions 8,600 and 2,867 underlying shares RSUs granted December 19, 2024 and December 18, 2025 with multi-year vesting

Key Terms

Restricted Stock Units, dividend equivalent rights, Employee Stock Option (right to buy), ESOP

4 terms

Restricted Stock Units financial

"Each restricted stock unit represents a contingent right to receive one share"

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 stock units are entitled to dividend equivalent rights in the form"

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 (right to buy) financial

"Employee Stock Option (right to buy) with an exercise price of 14.7400"

ESOP financial

"Common Stock held indirectly with nature of ownership 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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did TFSL report for Chief Strategy Officer Bradley T. Stefanski?

TFSL reported that Chief Strategy Officer Bradley T. Stefanski sold 10,000 shares of common stock on September 11, 2026 in a sale described as an open-market or private transaction at $16.94 per share.

How many TFSL shares does Bradley T. Stefanski hold directly after this Form 4 transaction?

After the reported sale, Bradley T. Stefanski directly holds 38,720 shares of TFS Financial CORP common stock, according to the Form 4 disclosure.

What indirect TFSL share holdings does Bradley T. Stefanski report?

He reports indirect ownership of 8,497 common shares through an ESOP and 10,000 common shares as trustee for a family trust, in addition to his directly held shares.

What restricted stock units linked to TFSL common stock does Bradley T. Stefanski hold?

He holds restricted stock units representing 8,600, 2,867, and 15,000 underlying TFSL common shares. Footnotes state these RSUs were granted in 2024–2025 and vest in installments beginning December 10, 2025 and in full on December 10, 2026.

What stock options related to TFSL does Bradley T. Stefanski have outstanding?

He has 1,800 employee stock options outstanding, each with an exercise price of $14.74 per share, expiring on January 5, 2028. A footnote states the options vested 100% on December 10, 2020.

Was the September 11, 2026 TFSL share sale under a Rule 10b5-1 trading plan?

The filing indicates that no Rule 10b5-1 plan is reported for the transactions, as the document-level Rule 10b5-1 checkbox is not checked and no footnote describes a trading plan.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 09/15/2026 - 10:41 AM Accepted by SEC EDGAR 09/15/2026 - 10:40 AM Learn about SEC filing dates

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^*

Stefanski Bradley T

(Last) (First) (Middle)

7007 BROADWAY AVENUE

(Street)

CLEVELAND OHIO 44105

(City) (State) (Zip)

UNITED STATES

(Country)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/11/2026

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

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

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

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	09/11/2026		S		10,000	D	$16.94	38,720	D
Common Stock								8,497	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)							(3)	(3)	Common Stock	8,600		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	09/15/2026
	** 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.
* Form 4: SEC 1474 (03-26)