TFSL Chief Synergy Officer updates holdings with PSU and RSU awards
Rhea-AI Filing Summary
TFS Financial Corp (TFSL) reported insider equity activity for its Chief Synergy Officer. Following the latest update, the officer beneficially owns 73,197 shares of common stock directly, plus 5,325 shares through a 401(k) plan and 13,760 shares through an ESOP.
On November 25, 2025, the officer earned 12,400 Performance Share Units after achieving 100% of the performance target for an award granted March 4, 2024, tied to results for the two fiscal years ended September 30, 2025. The related shares and dividend equivalents are scheduled to vest and be delivered on December 10, 2026.
The filing also notes prior grants of 15,900 Restricted Stock Units from December 19, 2024 and 18,990 shares from a November 21, 2024 PSU award earned at 90.0% of target, plus multiple earlier RSU and stock option grants, including options for 187,500, 79,400 and 49,200 shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Performance Restricted Share Units | 12,400 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Restricted Share Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
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 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. 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. On November 21, 2024, the reporting person achieved performance level of 90.0% on a target award of 21,000 Performance Share Units ("PSUs"), resulting in a total earned award of 18,990 shares. This represents the final determination a December 15, 2022 award that was dependent on certain performance results during the two fiscal year period ended September 30, 2024. 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, 2025. 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. On December 15, 2022, the reporting person received a grant of 14,000 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2023. 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. 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. 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.
FAQ
What insider activity did TFS Financial Corp (TFSL) report in this Form 4?
The filing reports equity awards and updated holdings for the Chief Synergy Officer, including earned Performance Share Units, Restricted Stock Units, and previously granted stock options.
What other recent equity grants to the TFSL officer are disclosed?
The filing notes a grant of 15,900 Restricted Stock Units on December 19, 2024 vesting in three annual installments beginning December 10, 2025, and an earned award of 18,990 shares from a November 21, 2024 Performance Share Unit award based on a 90.0% performance level.
Which stock option grants for TFS Financial (TFSL) are outstanding for the officer?
Outstanding grants include stock options for 187,500 shares with an exercise price of $14.74, 79,400 shares at $19.31, and 49,200 shares at $19.06, each vesting in three equal annual installments from their respective initial vesting dates.
Do the TFSL restricted and performance stock units include dividend equivalent rights?
Yes. Each restricted and performance stock unit represents a contingent right to receive one TFSL common share and is entitled to dividend equivalent rights in cash equal to any cash dividend paid per share during the award period.