TFS Financial (TFSL) officer reports 18,990-share equity award vesting
Rhea-AI Filing Summary
TFS Financial Corporation reported equity transactions by its Chief Synergy Officer. On December 10, 2025, the executive acquired 18,990 shares of common stock at $0 as performance share units vested, plus additional common shares of 4,667, 4,733 and 5,300 from restricted stock unit vesting.
To cover withholding taxes, 15,786 shares were delivered to the issuer at $13.91 per share, leaving 71,101 common shares held directly, with a further 5,325 shares held indirectly through a 401(k) plan and 13,760 shares held through the company ESOP. The activity reflects vesting and tax settlement of previously granted stock-based awards.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Performance Restricted Share Units | 18,990 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,667 | $0.00 | -- |
| Exercise | Restricted Stock Units | 4,733 | $0.00 | -- |
| Exercise | Restricted Stock Units | 5,300 | $0.00 | -- |
| Exercise | Common Stock | 18,990 | $0.00 | -- |
| Exercise | Common Stock | 4,667 | $0.00 | -- |
| Exercise | Common Stock | 4,733 | $0.00 | -- |
| Exercise | Common Stock | 5,300 | $0.00 | -- |
| Tax Withholding | Common Stock | 15,786 | $13.91 | $220K |
| holding | Performance Restricted Share 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). 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 21,000 Performance Share Units ("PSUs"), resulting in a total earned award of 18,990 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 14,000 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2023. On March 4, 2024, the reporting person received a grant of 14,200 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 15,900 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 12,400 Performance Share Units ("PSUs"), resulting in a total earned award of 12,400 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 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. 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.
FAQ
What insider stock transactions did TFS Financial (TFSL) report for December 10, 2025?
On December 10, 2025, the Chief Synergy Officer acquired 18,990 TFS Financial common shares at $0 from vested performance share units and additional common shares of 4,667, 4,733 and 5,300 from restricted stock unit vesting. To pay withholding taxes, the officer delivered 15,786 shares to the issuer at $13.91 per share.
What stock option grants for TFS Financial (TFSL) remain outstanding for the officer?
Outstanding employee stock options include 187,500 options with a $14.74 exercise price expiring on January 5, 2028, 79,400 options with a $19.31 exercise price expiring on December 15, 2026, and 49,200 options with a $19.06 exercise price expiring on December 17, 2025, all shown as beneficially owned directly.