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TFS Financial (TFSL) accounting officer awarded 4,600 RSUs vesting in 2027

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

LaRocca James E reported acquisition or exercise transactions in this Form 4 filing.

TFS Financial CORP reported that Accounting and Finance Officer James E. LaRocca received a compensation-related equity grant. On June 29, 2026, he was awarded 4,600 Restricted Stock Units, each representing a contingent right to one share of TFS Financial common stock.

The footnotes state that these 4,600 RSUs fully vest on January 29, 2027. The RSUs also carry dividend equivalent rights, meaning the holder is entitled to cash payments equal to any cash dividends paid per share of common stock during the vesting period.

Positive

  • None.

Negative

  • None.
Insider LaRocca James E
Role Accounting and Finance Officer
Type Security Shares Price Value
Grant/Award Restricted Stock Units 4,600 $0.00 --
Holdings After Transaction: Restricted Stock Units — 4,600 shares (Direct, null)
Footnotes (1)
  1. Each restricted stock unit represents a contingent right to receive one share of TFS Financial Corporation common stock. Restricted 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 June 29, 2026 the reporting person received a grant of 4,600 Restricted Stock Units (RSU's). These RSU's fully vest on January 29, 2027.
RSUs granted 4,600 units Grant on June 29, 2026 to Accounting and Finance Officer
Post-grant RSU holdings 4,600 units Total Restricted Stock Units following the transaction
RSU vesting date January 29, 2027 Date when 4,600 RSUs fully vest
RSU grant price $0.00 per unit Compensation award, not an open-market purchase
Underlying common stock 4,600 shares One TFSL common share per Restricted Stock Unit
Restricted Stock Units financial
"Each restricted stock unit represents a contingent right to receive one share of TFS Financial Corporation common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend equivalent rights financial
"Restricted 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.
contingent right financial
"Each restricted stock unit represents a contingent right to receive one share of TFS Financial Corporation common stock."
grant, award, or other acquisition financial
"Transaction code A is described as Grant, award, or other acquisition."
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
LaRocca James E
(Last)(First)(Middle)
7007 BROADWAY AVE
(Street)
CLEVELAND OHIO 44105
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
TFS Financial CORP [ TFSL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director10% Owner
XOfficer (give title below)Other (specify below)
Accounting and Finance Officer
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/29/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Stock Units(1)06/29/2026A4,600 (2) (2)Common Stock4,600$04,600D
Explanation of Responses:
1. Each restricted stock unit represents a contingent right to receive one share of TFS Financial Corporation common stock. Restricted 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.
2. On June 29, 2026 the reporting person received a grant of 4,600 Restricted Stock Units (RSU's). These RSU's fully vest on January 29, 2027.
Remarks:
/s/ Susanne N. Miller, Pursuant to Power of Attorney06/30/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did TFS Financial (TFSL) report for James E. LaRocca?

TFS Financial reported that Accounting and Finance Officer James E. LaRocca received a grant of 4,600 Restricted Stock Units. These units are a form of equity compensation tied to the company’s common stock rather than an open-market purchase or sale.

How many Restricted Stock Units did the TFSL officer receive and when?

The officer received 4,600 Restricted Stock Units on June 29, 2026. This grant is recorded at a price of $0.00 per unit, reflecting a compensation award rather than a market transaction, and increases his derivative holdings by the same amount.

When do the 4,600 TFSL Restricted Stock Units vest for James E. LaRocca?

The 4,600 Restricted Stock Units fully vest on January 29, 2027. Until that vesting date, they remain contingent rights to receive TFSL common shares, subject to continued service or other applicable vesting conditions described in the underlying grant documents.

Do the TFSL Restricted Stock Units carry dividend rights before vesting?

Yes. Each Restricted Stock Unit includes dividend equivalent rights in cash equal to any cash dividend paid per share of TFSL common stock. This means the holder receives cash payments mirroring regular dividends while the RSUs remain unvested.

Is the TFSL Form 4 transaction a buy or sell of common stock?

The Form 4 reflects an acquisition of 4,600 Restricted Stock Units as a grant, not an open-market buy or sell. It is coded as a grant or award acquisition (transaction code A) and is classified as a derivative-type equity compensation transaction.

How many TFSL Restricted Stock Units does James E. LaRocca hold after this grant?

After this grant, the filing shows total holdings of 4,600 Restricted Stock Units. These units represent contingent rights to receive an equal number of TFSL common shares, assuming the vesting conditions are met by January 29, 2027.