TFS Financial (TFSL) CEO details stock gifts and share holdings

Rhea-AI Filing Summary

TFS Financial Corporation's chairman, president and CEO reported gifting common stock to family members on December 15, 2025. He transferred 3,500 shares to his wife and 20,000 shares to his son's children's trust in transactions coded as gifts at a price of $0 per share.

Following these gifts, he owned 136,997 shares of common stock directly, with additional indirect holdings through his spouse, family trusts, a 401(k) plan and an ESOP. He also reported restricted stock units and performance share units, each representing a contingent right to receive one share plus cash dividend equivalents, and 196,700 employee stock options with an exercise price of $19.06 per share.

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^*

Stefanski Marc A

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chairman, President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
12/15/2025

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	12/15/2025		G		3,500(1)	D	$0	136,997	D
Common Stock	12/15/2025		G		20,000(2)	D	$0	116,997	D
Common Stock	12/15/2025		G		3,500(1)	A	$0	28,200	I	By Spouse
Common Stock								37,150	I	Trustee for daughter's trust
Common Stock								20,389	I	Trust Beneficiary
Common Stock								54,738	I	Trustee for sibling trust
Common Stock								111,520	I	By 401(k)(3)
Common Stock								10,916	I	BY ESOP(3)

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	(4)							(5)	(5)	Common Stock	13,567		13,567	D
Restricted Stock Units	(4)							(6)	(6)	Common Stock	26,934		26,934	D
Performance Restricted Share Units	(4)							(7)	(7)	Common Stock	20,400		20,400	D
Restricted Stock Units	(4)							(8)	(8)	Common Stock	33,400		33,400	D
Restricted Stock Units	(4)							(9)	(9)	Common Stock	35,700		35,700	D
Restricted Stock Units	(4)							(10)	(10)	Common Stock	693,048		693,048	D
Employee Stock Option (right to buy)	$19.06							(11)	12/17/2025	Common Stock	196,700		196,700	D

Explanation of Responses:

1. On December 15, 2025 the reporting person gifted these shares to his wife.

2. On December 15, 2025 the reporting person gifted these shares to his son's children's trust.

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

4. 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.

5. On March 4, 2024, the reporting person received a grant of 40,700 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2024.

6. On December 19, 2024, the reporting person received a grant of 40,400 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2025.

7. On November 25, 2025, the reporting person achieved performance level of 100% on a target award of 20,400 Performance Share Units ("PSUs"), resulting in a total earned award of 20.400 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.

8. As reported on a Form 4 dated May 14, 2009, the reporting person received a grant of 33,400 restricted stock units that vest in four equal annual installments beginning on May 12, 2010. Vested shares may be distributed to the reporting person only after the person's termination of employment with TFS Financial Corporation.

9. As reported on a Form 4 dated May 18, 2010, the Reporting Person received a grant of 35,700 restricted stock units that vest in four equal installments beginning on May 14, 2011. Vested shares may be distributed to the Reporting Person only after that person's termination of employment with TFS Financial Corporation.

10. As reported on a Form 4 dated August 13, 2008, the Reporting Person received a grant of 701,800 Restricted Stock Units ("RSUs") on August 11, 2008. These RSUs vest 10% on each of the third through the ninth anniversaries of the date of the grant and 30% on the tenth anniversary of the date of the grant. Vested shares may be distributed to the Reporting Person only after the person's termination of employment from TFS Financial Corporation. 3,387 shares were delivered to the issuer on August 13, 2012; and 5,365 shares were delivered to the issuer on August 11, 2015; to pay for the applicable withholding tax due upon vesting.

11. As reported on a Form 4 dated December 17, 2015, the reporting person received a grant of 196,700 stock options. These stock options vest in three equal annual installments beginning December 10, 2016.

Remarks:

	/s/ Susanne N. Miller, Pursuant to Power of Attorney	12/16/2025
	** 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.
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FAQ

What insider stock transaction did TFS Financial (TFSL) report for its CEO?

The chairman, president and CEO of TFS Financial Corporation reported two stock gifts dated December 15, 2025: a gift of 3,500 common shares to his wife and a gift of 20,000 common shares to his son's children's trust, both at a price of $0 per share.

How many TFS Financial (TFSL) shares does the CEO now hold directly?

After the reported gifts, the CEO beneficially owned 136,997 shares of TFS Financial common stock in a direct holding.

Who received the gifted TFS Financial (TFSL) shares from the CEO?

On December 15, 2025, the CEO gifted 3,500 shares of TFS Financial common stock to his wife and 20,000 shares to his son's children's trust, both characterized as gifts.

What indirect TFS Financial (TFSL) shareholdings does the CEO report?

In addition to his direct holdings, the CEO reports indirect ownership of 28,200 shares through his spouse, 37,150 shares as trustee for his daughter's trust, 20,389 shares as a trust beneficiary, and 54,738 shares as trustee for a sibling trust. He also holds 111,520 shares through a 401(k) plan and 10,916 shares through an ESOP.

How are TFS Financial (TFSL) restricted and performance stock units structured for the CEO?

Each restricted stock unit and performance stock unit represents a contingent right to receive one share of TFS Financial common stock. These units are also entitled to dividend equivalent rights in cash equal to any cash dividend paid per share of common stock while the units are outstanding.

What stock option grant does the TFS Financial (TFSL) CEO hold?

The CEO holds 196,700 employee stock options to purchase TFS Financial common stock at an exercise price of $19.06 per share. According to the disclosure, these stock options were granted on December 17, 2015 and vest in three equal annual installments beginning December 10, 2016.