TFS Financial (NASDAQ: TFSL) CEO sells 37,844 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
TFS Financial CORP Chairman, President and CEO Marc A. Stefanski reported open-market sales of company common stock. He sold 36,844 shares at $15.12 per share on February 17, 2026 and 1,000 shares at $15.00 per share on February 13, 2026, leaving 71,997 common shares held directly afterward.
The filing also updates his equity incentives, including 215,200 restricted stock units from a retention award granted on December 18, 2025 that fully vest on December 10, 2030, subject to continuous service, and other restricted and performance stock unit grants with multi-year vesting schedules. Indirect holdings in spouse accounts, family trusts, an ESOP, and a 401(k) are also disclosed.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 37,844 shares ($572,081)
Net Sell
16 txns
Insider
Stefanski Marc A
Role
Chairman, President and CEO
Sold
37,844 shs ($572K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 36,844 | $15.12 | $557K |
| Sale | Common Stock | 1,000 | $15.00 | $15K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Restricted Share Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 71,997 shares (Direct);
Restricted Stock Units — 215,200 shares (Direct);
Performance Restricted Share Units — 20,400 shares (Direct);
Common Stock — 28,200 shares (Indirect, By Spouse)
Footnotes (1)
- Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended. 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 retention award grant of 215,200 restricted stock units ("RSU's"). These RSU's fully vest on December 10, 2030, subject to the reporting persons continuous service, and with certain limited exceptions. On December 18, 2025, the reporting person received a grant of 40,200 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2026. On March 4, 2024, the reporting person received a grant of 40,700 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2024. On December 19, 2024, the reporting person received a grant of 40,400 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2025. On November 25, 2025, the reporting person achieved performance level of 100% on a target award of 20,400 Performance Share Units ("PSUs"), resulting in a total earned award of 20.400 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. As reported on a Form 4 dated May 14, 2009, the reporting person received a grant of 33,400 restricted stock units that vest in four equal annual installments beginning on May 12, 2010. Vested shares may be distributed to the reporting person only after the person's termination of employment with TFS Financial Corporation. As reported on a Form 4 dated May 18, 2010, the Reporting Person received a grant of 35,700 restricted stock units that vest in four equal installments beginning on May 14, 2011. Vested shares may be distributed to the Reporting Person only after that person's termination of employment with TFS Financial Corporation. As reported on a Form 4 dated August 13, 2008, the Reporting Person received a grant of 701,800 Restricted Stock Units ("RSUs") on August 11, 2008. These RSUs vest 10% on each of the third through the ninth anniversaries of the date of the grant and 30% on the tenth anniversary of the date of the grant. Vested shares may be distributed to the Reporting Person only after the person's termination of employment from TFS Financial Corporation. 3,387 shares were delivered to the issuer on August 13, 2012; and 5,365 shares were delivered to the issuer on August 11, 2015; to pay for the applicable withholding tax due upon vesting.
FAQ
What insider transaction did TFS Financial (TFSL) report for Marc A. Stefanski?
TFS Financial reported that CEO Marc A. Stefanski sold company common stock in open-market transactions. He sold 36,844 shares at $15.12 and 1,000 shares at $15.00, both in February 2026, and reported updated post-sale share holdings.
What restricted stock unit awards does TFS Financial (TFSL) disclose for its CEO?
The filing shows several restricted stock unit awards for Marc A. Stefanski, including a 215,200-unit retention grant from December 18, 2025 that fully vests on December 10, 2030, plus multiple other RSU grants vesting in annual installments beginning in 2024, 2025, and 2026.
Does the TFS Financial (TFSL) CEO have indirect holdings in company stock?
Yes. The Form 4 discloses indirect TFS Financial common stock holdings for Marc A. Stefanski through his spouse, various family trusts, an employee stock ownership plan, and a 401(k) account, in addition to his directly held shares and equity awards.