Director boosts TFS Financial (TFSL) stake with 7,000-share buy
Rhea-AI Filing Summary
TFS Financial CORP director Daniel F. Weir increased his stake by buying 7,000 shares of common stock at $15.02 per share through an IRA account. Following this open-market purchase, the IRA holds 42,943 shares indirectly for his benefit, while he also holds 15,100 shares directly and 20,148 shares indirectly through his spouse.
Weir additionally has restricted stock units representing 20,000 underlying shares from a 2022 grant that vest 20% per year beginning December 10, 2023, and 5,000 restricted stock units from a 2025 grant that fully vest on December 10, 2026. A footnote notes a reclassification of 35,943 shares from direct ownership to the IRA, clarifying how his holdings are categorized.
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Insider Trade Summary 10b5-1
Net Buyer: 7,000 shares
Net Buy
5 txns
Insider
Weir Daniel F
Role
Director
Bought
7,000 shs ($105K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Stock | 7,000 | $15.02 | $105K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 42,943 shares (Indirect, By IRA);
Restricted Stock Units — 25,000 shares (Direct);
Common Stock — 15,100 shares (Direct);
Common Stock — 20,148 shares (Indirect, Spouse)
Footnotes (4)
- F1. Ending share balance reflects a reclassification of 35,943 shares from direct ownership to indirect ownership. These shares were previously reported as directly owned but have been held in an IRA for which the reporting person is a beneficiary.
- F2. 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.
- F3. On December 18, 2025, the reporting person received a grant of 5,000 Restricted Stock Units ("RSU's") that fully vest on December 10, 2026.
- F4. On December 15, 2022, the reporting person received a grant of 50,000 Restricted Stock Units (RSUs). These RSUs will vest one-fifth (20%) per year beginning December 10, 2023.
Key Figures
Shares purchased: 7,000 shares
Purchase price: $15.02 per share
IRA holdings after: 42,943 shares
+5 more
8 metrics
Shares purchased
7,000 shares
Open-market common stock buy via IRA on May 14, 2026
Purchase price
$15.02 per share
Price paid for 7,000 common shares
IRA holdings after
42,943 shares
Indirect common stock held by IRA for Weir’s benefit after transaction
Direct common shares
15,100 shares
Directly owned common stock after reported transactions
Spouse-held shares
20,148 shares
Indirect common stock ownership through spouse
2022 RSU grant
20,000 underlying shares
Restricted stock units vesting 20% per year from December 10, 2023
2025 RSU grant
5,000 units
Restricted stock units fully vesting on December 10, 2026
Reclassified shares
35,943 shares
Moved from direct to indirect IRA ownership classification
Key Terms
Restricted Stock Units, dividend equivalent rights, IRA, reclassification
4 terms
Restricted Stock Units financial
"On December 18, 2025, the reporting person received a grant of 5,000 Restricted Stock Units"
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.
IRA financial
"have been held in an IRA for which the reporting person is a beneficiary"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
reclassification financial
"Ending share balance reflects a reclassification of 35,943 shares from direct ownership to indirect ownership"
Reclassification is the formal change in how an asset, liability, security, transaction, or business activity is labeled on financial records or under rules. It matters to investors because the new label can alter reported profits, tax treatment, ownership rights or perceived risk—much like moving an item from 'personal' to 'business' use, it doesn't create value by itself but can change comparisons, taxes, and who controls outcomes.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Daniel F. Weir do in the latest TFSL insider activity?
Daniel F. Weir increased his TFS Financial CORP holdings by purchasing 7,000 common shares at $15.02 per share through an IRA. This open-market transaction boosts his indirect ownership while leaving his existing direct and spouse-held positions in place.
What restricted stock units does Daniel F. Weir hold in TFSL?
Daniel F. Weir holds restricted stock units representing 20,000 underlying shares from a 2022 grant vesting 20% annually from December 10, 2023, plus 5,000 units from a 2025 grant that fully vest on December 10, 2026, enhancing his equity-based compensation exposure.