TFS Financial (NASDAQ: TFSL) insider filing details RSU vesting, options

Rhea-AI Filing Summary

TFS Financial Corporation’s Chief Strategy Officer reported equity transactions and updated her share ownership. On 12/10/2025, she acquired 1,433 shares of common stock at a price of $0 through the vesting and settlement of restricted stock units, and delivered 672 shares at $13.91 to the issuer to pay applicable withholding taxes on equity awards.

After these transactions, she beneficially owns 48,720 common shares directly, plus 10,000 shares as trustee for a family trust and 7,565 shares through an ESOP. She also holds derivative awards including 2,867 restricted stock units, a separate grant of 4,300 restricted stock units received on December 19, 2024 that vests in three equal annual installments beginning December 10, 2025, an additional 15,000 restricted stock units from a March 4, 2024 grant that fully vests on December 10, 2026, and 1,800 stock options with a $14.74 exercise price expiring on 01/05/2028.

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

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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^*

Stefanski Bradley T

(Last) (First) (Middle)

7007 BROADWAY AVENUE

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Strategy Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/10/2025

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	12/10/2025		M		1,433(1)	A	$0	49,392	D
Common Stock	12/10/2025		F		672(2)	D	$13.91	48,720	D
Common Stock								10,000	I	Trustee for family trust
Common Stock								7,565	I	ESOP(3)

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	(4)	12/10/2025		M			1,433	(5)	(5)	Common Stock	1,433	$0	2,867	D
Restricted Stock Units	(4)							(6)	(6)	Common Stock	15,000		15,000	D
Employee Stock Option (right to buy)	$14.74							(7)	01/05/2028	Common Stock	1,800		1,800	D

Explanation of Responses:

1. These common shares were acquired upon the vesting and settlement of certain restricted stock units (RSUs).

2. These common shares were delivered to the issuer to pay for applicable withholding tax due upon the exercise of certain restricted stock units or performance share units.

3. Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.

4. 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.

5. 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.

6. 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.

7. 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	12/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider stock transactions did TFS Financial (TFSL) report for its Chief Strategy Officer?

On 12/10/2025, the Chief Strategy Officer acquired 1,433 shares of TFS Financial common stock at $0 through the vesting and settlement of restricted stock units and delivered 672 shares at $13.91 to the issuer to pay applicable withholding taxes on those equity awards.

How many TFS Financial (TFSL) shares does the officer own after the reported transactions?

Following the reported transactions, the officer beneficially owns 48,720 common shares directly, plus 10,000 shares held as trustee for a family trust and 7,565 shares held through an ESOP, as disclosed in the filing.

What restricted stock units does the TFS Financial (TFSL) Chief Strategy Officer hold and how do they vest?

The officer holds 2,867 restricted stock units and a grant of 4,300 restricted stock units received on December 19, 2024, which vest in three equal annual installments beginning December 10, 2025. She also has 15,000 restricted stock units from a grant on March 4, 2024 that fully vests on December 10, 2026.

What stock options in TFS Financial (TFSL) does the reporting person hold?

The officer holds 1,800 employee stock options with an exercise price of $14.74 per share, expiring on 01/05/2028. These options were granted on January 5, 2018 and vest 100% on December 10, 2020, as described in the footnotes.

How are TFS Financial (TFSL) restricted and performance stock units structured for this officer?

Each restricted or performance stock unit represents a contingent right to receive one share of TFS Financial common stock and is entitled to dividend equivalent rights paid in cash equal to any cash dividend per share of common stock, according to the disclosure.

What does the ESOP reference mean in the TFS Financial (TFSL) insider filing?

The filing shows that the officer has an indirect beneficial interest in 7,565 shares of common stock held through an ESOP, as noted in the non-derivative securities table and explained in the footnotes.