TFS Financial (NASDAQ: TFSL) officer details RSU grants and option holdings

Rhea-AI Filing Summary

TFS Financial Corp disclosed equity awards and holdings for its Chief Synergy Officer. As of the reported transactions, the officer directly owns 71,101 shares of common stock, plus 5,325 shares through a 401(k) plan and 13,760 shares through an ESOP.

On December 18, 2025, the officer received a grant of 15,800 restricted stock units that vest in three equal annual installments beginning December 10, 2026. Earlier grants included 14,200 RSUs from March 4, 2024 and 15,900 RSUs from December 19, 2024, each vesting over three years on specified December 10 dates. A performance share award of 12,400 units tied to results for the two fiscal years ended September 30, 2025 was earned at 100% of target and will vest and be distributed on December 10, 2026.

The filing also notes outstanding employee stock options to buy 187,500 shares at $14.74 per share expiring January 5, 2028 and 79,400 shares at $19.31 per share expiring December 15, 2026, while a prior 49,200-share option grant expired on December 17, 2025.

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^*

Zbanek Cathy W

(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 Synergy Officer

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								71,101	D
Common Stock								5,325	I	By 401(k)(1)
Common Stock								13,760	I	By ESOP(1)

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	(2)	12/18/2025		A		15,800		(3)	(3)	Common Stock	15,800	$0	15,800	D
Restricted Stock Units	(2)							(4)	(4)	Common Stock	4,734		4,734	D
Restricted Stock Units	(2)							(5)	(5)	Common Stock	10,600		10,600	D
Performance Restricted Share Units	(2)							(6)	(6)	Common Stock	12,400		12,400	D
Employee Stock Option (right to buy)	$14.74							(7)	01/05/2028	Common Stock	187,500		187,500	D
Employee Stock Option (right to buy)	$19.31							(8)	12/15/2026	Common Stock	79,400		79,400	D
Employee Stock Option (right to buy)	$19.06							12/17/2025(9)	12/17/2025	Common Stock	49,200		0(10)	D

Explanation of Responses:

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

2. 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.

3. On December 18, 2025, the reporting person received a grant of 15,800 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2026.

4. On March 4, 2024, the reporting person received a grant of 14,200 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2024.

5. On December 19, 2024, the reporting person received a grant of 15,900 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2025.

6. On November 25, 2025, the reporting person achieved performance level of 100% on a target award of 12,400 Performance Share Units ("PSUs"), resulting in a total earned award of 12,400 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.

7. 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.

8. 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.

9. As reported on a Form 4 dated December 17, 2015, the reporting person received a grant of 49,200 stock options on December 15, 2015. These stock options vest in three equal annual installments beginning December 10, 2016.

10. These options expired on December 17, 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.
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FAQ

What insider activity did TFS Financial Corp (TFSL) report for its Chief Synergy Officer?

The Chief Synergy Officer reported equity awards and holdings in TFS Financial Corp common stock, including restricted stock units, performance share units, and employee stock options, along with direct and retirement-plan share ownership.

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

The officer holds 71,101 shares of common stock directly, plus 5,325 shares through a 401(k) plan and 13,760 shares through an ESOP, giving a combined beneficial interest across these accounts.

What new restricted stock units did the TFS Financial (TFSL) insider receive?

On December 18, 2025, the officer received a grant of 15,800 restricted stock units. These RSUs vest in three equal annual installments beginning on December 10, 2026, each unit representing one share of TFS Financial Corporation common stock with dividend equivalent rights.

What performance share award was earned by the TFS Financial Corp (TFSL) officer?

On November 25, 2025, the officer achieved 100% of target on a performance share award of 12,400 units tied to results for the two fiscal years ended September 30, 2025. The shares and related dividend equivalent payment will vest and be distributed on December 10, 2026.

What stock options does the TFS Financial (TFSL) insider currently hold?

The officer holds employee stock options to buy 187,500 shares at an exercise price of $14.74 per share expiring January 5, 2028, and options to buy 79,400 shares at $19.31 per share expiring December 15, 2026.

Did any TFS Financial Corp (TFSL) stock options held by the officer expire?

Yes. An option grant covering 49,200 shares of TFS Financial Corporation common stock, originally granted on December 15, 2015, expired on December 17, 2025, leaving zero options remaining from that specific grant.