TFS Financial (TFSL) CXO sells 7,000 trust-held shares at $14.97

Rhea-AI Filing Summary

TFS Financial CORP Chief Experience Officer Gavin B. Stefanski reported an open-market sale of 7,000 shares of common stock held in trust on February 20, 2026 at $14.97 per share, leaving 25,766 trust-held shares.

As of that date, he also reported direct holdings of restricted stock units and stock options, including grants of 8,600, 4,300 and 15,000 RSUs that vest between December 10, 2025 and December 10, 2026, plus 5,000 stock options that fully vested on December 10, 2020.

Insider Trade Summary

Net Seller: 7,000 shares ($104,790)

Net Sell 7 txns

Insider Stefanski Gavin B

Role Chief Experience Officer

Sold 7,000 shs ($105K)

Type	Security	Shares	Price	Value
Sale	Common Stock	7,000	$14.97	$105K
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--
holding	Employee Stock Option (right to buy)	--	--	--
holding	Common Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Common Stock — 25,766 shares (Indirect, In Trust); Restricted Stock Units — 8,600 shares (Direct); Employee Stock Option (right to buy) — 5,000 shares (Direct); Common Stock — 775 shares (Direct)

Footnotes (1)

1. Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended. 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. On December 18, 2025, the reporting person received a grant of 8,600 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2026. On December 19, 2024, the reporting person received a grant of 4,300 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2025. On March 4, 2024, the reporting person received a grant of 15,000 Restricted Stock Units (RSUs). These RSUs fully vest on December 10, 2026. On April 2, 2018, the reporting person received 5,000 stock options. These options fully vest on December 10, 2020.

Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

Stefanski Gavin B

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
02/20/2026

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	02/20/2026		S		7,000	D	$14.97	25,766	I	In Trust
Common Stock								775	D
Common Stock								3,729	I	ESOP(1)

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)							(3)	(3)	Common Stock	8,600		8,600	D
Restricted Stock Units	(2)							(4)	(4)	Common Stock	2,867		2,867	D
Restricted Stock Units	(2)							(5)	(5)	Common Stock	15,000		15,000	D
Employee Stock Option (right to buy)	$14.62							(6)	01/05/2028	Common Stock	5,000		5,000	D

Explanation of Responses:

1. Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.

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 18, 2025, the reporting person received a grant of 8,600 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2026.

4. On December 19, 2024, the reporting person received a grant of 4,300 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2025.

5. On March 4, 2024, the reporting person received a grant of 15,000 Restricted Stock Units (RSUs). These RSUs fully vest on December 10, 2026.

6. On April 2, 2018, the reporting person received 5,000 stock options. These options fully vest on December 10, 2020.

Remarks:

	/s/ Sarah Grosso, Pursuant to Power of Attorney	02/23/2026
	** 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 for Gavin B. Stefanski?

TFS Financial reported that Chief Experience Officer Gavin B. Stefanski sold 7,000 shares of common stock held in trust on February 20, 2026. The sale was an open-market transaction at $14.97 per share and left 25,766 trust-held shares remaining after the trade.

At what price were the 7,000 TFS Financial (TFSL) shares sold by the trust?

The 7,000 TFS Financial common shares associated with Gavin B. Stefanski were sold at $14.97 per share on February 20, 2026. This was classified as an open-market sale, with ownership reported as indirect through a trust rather than as directly held shares.

How many TFS Financial (TFSL) shares does the trust hold after the sale?

Following the February 20, 2026 open-market sale, the trust associated with Gavin B. Stefanski holds 25,766 TFS Financial common shares. This figure reflects the total indirect ownership in that trust after selling 7,000 shares at $14.97 per share on the transaction date.

What restricted stock units does Gavin B. Stefanski hold at TFS Financial (TFSL)?

Gavin B. Stefanski holds several restricted stock unit grants, including 8,600 RSUs granted December 18, 2025, 4,300 RSUs granted December 19, 2024, and 15,000 RSUs granted March 4, 2024. These units vest in installments between December 10, 2025 and December 10, 2026.

When do Gavin B. Stefanski’s TFS Financial (TFSL) RSUs vest?

His 8,600 RSUs granted December 18, 2025 vest in three equal annual installments beginning December 10, 2026. The 4,300 RSUs granted December 19, 2024 vest in three equal installments beginning December 10, 2025, while 15,000 RSUs vest fully on December 10, 2026.

What stock options related to TFS Financial (TFSL) does Gavin B. Stefanski hold?

He holds 5,000 employee stock options originally granted on April 2, 2018. According to the disclosure, these options fully vested on December 10, 2020, giving him the right to buy TFS Financial common stock under the plan’s terms after that vesting date.