[Form 4] TFS Financial CORP Insider Trading Activity

Rhea-AI Filing Summary

TFS Financial Corp reported equity awards and holdings for one of its directors. The filing shows the director directly owns 7,220 shares of TFS Financial common stock. On December 18, 2025, the director received a grant of 5,000 restricted stock units (RSUs), which will fully vest on December 10, 2026. Following this grant, the director beneficially owns 5,000 newly granted RSUs and an additional 28,880 previously awarded RSUs. Each RSU represents a contingent right to receive one share of common stock and carries dividend equivalent rights in cash equal to any cash dividend paid per share.

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^*

Bauer Terrence L.

(Last) (First) (Middle)

7007 BROADWAY AVE

(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)
12/18/2025

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								7,220	D

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	(1)	12/18/2025		A		5,000		(2)	(2)	Common Stock	5,000	$0	5,000	D
Restricted Stock Units	(1)							(3)	(3)	Common Stock	28,880		28,880	D

Explanation of Responses:

1. 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.

2. On December 18, 2025, the reporting person received a grant of 5,000 Restricted Stock Units ("RSU's") that fully vest on December 10, 2026.

3. On December 19, 2024, the reporting person received a grant of 36,100 Restricted Stock Units (RSUs). These RSUs will vest one-fifth (20%) per year beginning December 10, 2025.

Remarks:

	/s/ Susanne N. Miller, Pursuant to Power of Attorney	12/18/2025
	** 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 Form 4?

The company reported that a director received a grant of 5,000 restricted stock units (RSUs) on December 18, 2025, and disclosed the director’s updated stock and RSU holdings.

How many TFS Financial (TFSL) shares does the director now own directly?

The filing shows the director directly owns 7,220 shares of TFS Financial common stock after the reported transactions.

What are the details of the 5,000 RSUs granted by TFS Financial (TFSL)?

On December 18, 2025, the director received 5,000 RSUs that fully vest on December 10, 2026. Each RSU represents a contingent right to receive one share of TFS Financial common stock.

What is the director’s total restricted stock unit exposure to TFS Financial (TFSL)?

After the reported grant, the director beneficially owns 5,000 newly granted RSUs and 28,880 previously awarded RSUs, all relating to TFS Financial common stock.

Do TFS Financial (TFSL) RSUs carry dividend equivalent rights?

Yes. Each RSU is entitled to dividend equivalent rights in the form of a cash payment equal to any cash dividend paid per share of TFS Financial common stock.

What prior RSU grant to the director does the TFS Financial (TFSL) filing reference?

The filing notes that on December 19, 2024, the director received a grant of 36,100 RSUs, which vest 20% per year beginning December 10, 2025.