[Form 4] TFS Financial CORP Insider Trading Activity
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TFS Financial Corporation’s Chief Financial Officer, Meredith S. Weil, reported a combination of option exercises, tax-related share deliveries, and a modest open-market sale of common stock.
Weil exercised stock options to acquire 50,000 shares of common stock at $14.74 per share. Of these, 45,684 shares were delivered back to the issuer to cover the option exercise price and applicable withholding taxes, and 4,316 shares were sold in an open-market transaction at $16.80 per share. After these transactions, she directly holds 38,480 common shares and indirectly holds 386 shares through a 401(k). She also retains 57,500 employee stock options at an exercise price of $14.74, 54,400 options at $19.31, and multiple restricted and performance stock unit awards that each represent a contingent right to receive one share of common stock with dividend equivalent rights.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 4,316 shares ($72,509)
Net Sell
11 txns
Insider
WEIL MEREDITH S
Role
Chief Financial Officer
Sold
4,316 shs ($73K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 50,000 | $14.74 | $737K |
| Exercise | Common Stock | 50,000 | $14.74 | $737K |
| Tax Withholding | Common Stock | 45,684 | $16.80 | $767K |
| Sale | Common Stock | 4,316 | $16.80 | $73K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Restricted Share Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 57,500 shares (Direct, null);
Common Stock — 88,480 shares (Direct, null);
Restricted Stock Units — 16,500 shares (Direct, null);
Performance Restricted Share Units — 12,700 shares (Direct, null);
Common Stock — 386 shares (Indirect, By 401(k))
Footnotes (1)
- These common shares were acquired upon the exercise and settlement of certain stock options. Shares are held with shared voting power with spouse. 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. Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended. 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. 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. On December 18, 2025, the reporting person received a grant of 16,500 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2026. 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. 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. 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. 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. 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.
