TFS Financial (TFSL) director buys 5,000 shares at $13.37

Rhea-AI Filing Summary

TFS Financial CORP director Anthony J. Asher reported an indirect open-market purchase of 5,000 shares of Common Stock at $13.37 per share. After this transaction, indirect holdings stood at 49,314 common shares held as a trust beneficiary. The filing also shows 5,000 Restricted Stock Units, each representing a contingent right to one common share with dividend-equivalent cash rights, granted on December 18, 2025 and vesting in three equal annual installments beginning December 10, 2026.

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^*

Asher Anthony J

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/12/2026

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	03/12/2026		P		5,000	A	$13.37	49,314	I	Trust Beneficiary

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	(1)							(2)	(2)	Common Stock	5,000		5,000	D

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 December 18, 2025, the reporting person received a grant of 5,000 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2026.

Remarks:

	/s/ Susanne N. Miller, Pursuant to Power of Attorney	03/13/2026
	** Signature of Reporting Person	Date
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.

FAQ

What insider transaction did TFS Financial (TFSL) report in this Form 4?

TFS Financial reported that director Anthony J. Asher indirectly bought 5,000 shares of Common Stock in an open-market purchase at $13.37 per share. The shares are held through a trust in which he is a beneficiary, reflecting increased indirect ownership.

How many TFS Financial (TFSL) shares does Anthony J. Asher hold after the transaction?

Following the reported open-market purchase, Anthony J. Asher’s indirect holdings totaled 49,314 shares of TFS Financial Common Stock. These shares are reported as held in a trust where he is a beneficiary, according to the ownership details in the filing.

What Restricted Stock Units does the TFS Financial (TFSL) director hold?

The director holds 5,000 Restricted Stock Units, each linked to one share of TFS Financial common stock. These units carry dividend-equivalent cash rights and were granted as part of equity compensation, representing a contingent right rather than currently owned common shares.

When do the TFS Financial (TFSL) Restricted Stock Units held by the director vest?

The 5,000 Restricted Stock Units granted to the director on December 18, 2025 vest in three equal annual installments. Vesting begins on December 10, 2026, spreading the equity award over multiple years as part of the company’s long-term incentive structure.

Is the TFS Financial (TFSL) director’s purchase a direct or indirect holding?

The 5,000-share purchase is reported as an indirect holding with the nature of ownership listed as Trust Beneficiary. This means the shares are held through a trust related to the director, rather than directly in his own name, but still reported under his beneficial ownership.