TFS Financial COO sells 6,600 shares
TFS Financial CORP Chief Operating Officer Andrew J. Rubino reported an open-market sale of 6,600 shares of common stock at a weighted-average price of $15.18 per share on May 6, 2026.
Rhea-AI Filing Summary
TFS Financial CORP Chief Operating Officer Andrew J. Rubino reported an open-market sale of 6,600 shares of common stock at a weighted-average price of $15.18 per share on May 6, 2026. Following this sale, he directly holds 21,310 common shares and indirectly holds 13,887 shares through an ESOP.
Rubino also reports equity awards that remain outstanding, including 11,000 stock options with a $14.74 exercise price expiring on January 5, 2028, 9,800 performance share units earned at 100% of target, and multiple restricted stock unit grants scheduled to vest in annual installments beginning in 2024, 2025, and 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 6,600 shares
Net Sell
7 txns
Insider
Rubino Andrew J
Role
Chief Operating Officer
Sold
6,600 shs ($100K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 6,600 | $15.18 | $100K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Restricted Share Units | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 21,310 shares (Direct);
Restricted Stock Units — 22,267 contracts (Direct);
Performance Restricted Share Units — 9,800 contracts (Direct);
Employee Stock Option (right to buy) — 11,000 contracts (Direct);
Common Stock — 13,887 shares (Indirect, ESOP)
Footnotes (8)
- F1. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on May 6, 2026. The actual sale prices ranged from a low of $15.11 to a high of $15.25, inclusive. Each reporting person undertakes to provide upon request of the SEC Staff, TFS Financial Corporation or any security holder of TFS Financial Corporation full information regarding the number of shares sold at each price within the range. The amount reflected has been rounded to 2 decimal points.
- F2. Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
- F3. 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.
- F4. On December 18, 2025, the reporting person received a grant of 14,300 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2026.
- F5. On March 4, 2024, the reporting person received a grant of 6,500 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2024.
- F6. On December 19, 2024, the reporting person received a grant of 8,700 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2025.
- F7. On November 25, 2025, the reporting person achieved performance level of 100% on a target award of 9,800 Performance Share Units ("PSUs"), resulting in a total earned award of 9,800 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.
- F8. On January 5, 2018, the reporting person received a grant of 11,000 stock options. These options will fully vest on December 10, 2020
Key Figures
Shares sold: 6,600 shares
Weighted-average sale price: $15.18 per share
Direct common shares after sale: 21,310 shares
+5 more
8 metrics
Shares sold
6,600 shares
Open-market sale of common stock on May 6, 2026
Weighted-average sale price
$15.18 per share
Common stock sale on May 6, 2026; prices ranged $15.11–$15.25
Direct common shares after sale
21,310 shares
Direct ownership of TFS Financial common stock following transaction
Indirect ESOP shares
13,887 shares
Indirect ownership through ESOP as of May 6, 2026
Employee stock options
11,000 options at $14.74
Options granted January 5, 2018, expiring January 5, 2028
Performance share units earned
9,800 units
PSUs earned at 100% of target for period ending September 30, 2025
RSU grant December 18, 2025
14,300 RSUs
Vesting in three equal annual installments beginning December 10, 2026
RSU grants 2024–2024
6,500 and 8,700 RSUs
Grants on March 4, 2024 and December 19, 2024 with three-year vesting
Key Terms
Performance Restricted Share Units, dividend equivalent rights, Section 16 of the Securities Exchange Act, weighted-average sale price per share, +1 more
5 terms
dividend equivalent rights financial
"Restricted and performance stock units are entitled to dividend equivalent rights in the form of a cash payment"
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.
Section 16 of the Securities Exchange Act regulatory
"Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended."
Employee Stock Option (right to buy) financial
"Employee Stock Option (right to buy), underlying security title Common Stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did TFS Financial (TFSL) COO Andrew J. Rubino report on this Form 4?
Andrew J. Rubino reported selling 6,600 shares of TFS Financial common stock in an open-market transaction. The weighted-average sale price was $15.18 per share on May 6, 2026, and he continues to hold a substantial direct and indirect equity position in the company.
What stock options does the TFS Financial (TFSL) COO still hold?
Andrew J. Rubino holds 11,000 employee stock options to buy TFS Financial common stock at $14.74 per share. These options were granted on January 5, 2018, fully vested on December 10, 2020, and are scheduled to expire on January 5, 2028, if not exercised earlier.
What restricted stock unit grants has the TFS Financial (TFSL) COO received?
Footnotes show Andrew J. Rubino received 6,500 RSUs on March 4, 2024, 8,700 RSUs on December 19, 2024, and 14,300 RSUs on December 18, 2025. These RSU grants vest in three equal annual installments beginning December 10 of 2024, 2025, and 2026, respectively, subject to continued service.
AI-generated analysis. How Rhea-AI works. Not financial advice.
