TFS Financial Corp (TFSL) insider details equity award vesting and sale
Rhea-AI Filing Summary
TFS Financial Corp’s director and Chief Financial Officer reported equity award activity and a related share sale. On December 10, 2025, performance and restricted stock units converted into common stock, including 19,170 performance-based shares earned at 90.0% of a 21,300-share target award for the two-year period ended September 30, 2024, and additional restricted stock unit tranches of 4,734, 4,800 and 5,533 shares.
The officer then delivered 15,528 common shares back to the company at $13.91 per share to cover withholding taxes tied to these awards. After these transactions, the officer directly holds 67,236 common shares, plus 371 shares through a 401(k) and 549 shares through an ESOP. The filing also shows unvested performance and restricted stock units, including a 12,700-share performance award earned at 100% of target for the two-year period ended September 30, 2025, and employee stock options covering 54,400, 24,200 and 187,500 shares at exercise prices of $19.31, $19.06 and $14.74.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Restricted Share Units | 19,170 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,734 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,800 | $0.00 | -- |
| Exercise | Restricted Stock Units | 5,533 | $0.00 | -- |
| Exercise | Common Stock | 19,170 | $0.00 | -- |
| Exercise | Common Stock | 4,734 | $0.00 | -- |
| Exercise | Common Stock | 4,800 | $0.00 | -- |
| Exercise | Common Stock | 5,533 | $0.00 | -- |
| Exercise | Common Stock | 15,528 | $13.91 | $216K |
| holding | Performance Restricted Share 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 | -- | -- | -- |
Footnotes (1)
- These common shares were acquired upon the vesting and settlement of certain restricted or performance stock units (RSUs) and (PSUs). Shares are held with shared voting power with spouse. These common shares were delivered to the issuer to pay for applicable withholding tax due upon the exercise of certain restricted stock units or performance share units. 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 21, 2024, the reporting person achieved performance level of 90.0% on a target award of 21,300 Performance Share Units ("PSUs"), resulting in a total earned award of 19,170 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 December 15, 2022, the reporting person received a grant of 14,200 Restricted Stock Units (RSUs). These RSUs vest in three equal installments beginning December 10, 2023 On March 4, 2024, the reporting person received a grant of 14,400 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2024. On December 19, 2024, the reporting person received a grant of 16,600 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2025. On November 25, 2025, the reporting person achieved performance level of 100% on a target award of 12,700 Performance Share Units ("PSUs"), resulting in a total earned award of 12,700 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. As reported on a Form 4 dated September 29, 2011, the reporting person received a grant of 3,600 restricted stock units that vest in four equal annual installments beginning May 14, 2011. Vested shares may be distributed to the Reporting Person only after that person's termination of employment with TFS Financial Corporation. 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. 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.
FAQ
What insider stock activity did TFS Financial Corp (TFSL) report in this filing?
A director and Chief Financial Officer of TFS Financial Corp reported the vesting and settlement of performance and restricted stock units into common shares, along with a sale of shares back to the company primarily to cover tax withholding obligations.
What stock options does the TFS Financial Corp officer still hold?
The officer holds employee stock options on 54,400 shares at an exercise price of $19.31, 24,200 shares at $19.06, and 187,500 shares at $14.74, each giving the right to buy TFS Financial Corp common stock.
How are dividends treated on the TFS Financial Corp RSUs and PSUs?
Each restricted and performance stock unit represents a contingent right to receive one share of TFS Financial Corp common stock and is entitled to dividend equivalent rights in cash equal to any cash dividend paid per share of common stock during the period the award is outstanding.