TFS Financial Corp (TFSL) director acquires 7,220 shares via RSUs vesting

Rhea-AI Filing Summary

TFS Financial Corp reported that a company director acquired 7,220 shares of common stock on December 10, 2025 at a price of $0, when restricted stock units (RSUs) vested and settled into shares.

After this transaction, the director directly holds 7,220 common shares and 28,880 RSUs. These RSUs come from a 36,100-unit grant made on December 19, 2024, which is scheduled to vest in five equal 20% annual installments beginning December 10, 2025, and each unit includes dividend-equivalent cash rights matching any cash dividends paid on the common stock.

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^*

Bauer Terrence L.

(Last) (First) (Middle)

7007 BROADWAY AVE

(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)
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		7,220(1)	A	$0	7,220	D

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)	12/10/2025		M			7,220	(3)	(3)	Common Stock	7,220	$0	28,880	D

Explanation of Responses:

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

2. 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.

3. On December 19, 2024, the reporting person received a grant of 36,100 Restricted Stock Units (RSUs). These RSUs will vest one-fifth (20%) per year beginning December 10, 2025.

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.
* 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 Corp (TFSL) disclose?

A TFS Financial Corp director reported acquiring 7,220 shares of common stock on December 10, 2025, through the vesting and settlement of restricted stock units (RSUs) at a price of $0.

How many TFS Financial (TFSL) shares were acquired and at what price?

The director acquired 7,220 common shares of TFS Financial Corp at a reported price of $0 per share, reflecting the conversion of vested RSUs into stock.

What are the key terms of the RSU grant reported by TFS Financial (TFSL)?

On December 19, 2024, the reporting person received 36,100 restricted stock units (RSUs), scheduled to vest one-fifth (20%) per year starting on December 10, 2025.

How many restricted stock units remain after the reported TFS Financial (TFSL) transaction?

Following the vesting and conversion of RSUs into 7,220 shares, the director continues to beneficially own 28,880 RSUs directly.

What rights do the TFS Financial (TFSL) restricted stock units provide?

Each RSU represents a contingent right to receive one share of TFS Financial Corp common stock and carries dividend equivalent rights equal to any cash dividend paid per common share.

What is the reporting person’s relationship to TFS Financial Corp (TFSL)?

The reporting person is identified as a director of TFS Financial Corp, filing individually as one reporting person.