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.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 3,500 | $0.00 | -- |
| Gift | Common Stock | 20,000 | $0.00 | -- |
| Gift | Common Stock | 3,500 | $0.00 | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Performance Restricted Share Units | -- | -- | -- |
| 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 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- On December 15, 2025 the reporting person gifted these shares to his wife. On December 15, 2025 the reporting person gifted these shares to his son's children's trust. 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 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. 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. 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. 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. 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. 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. 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.
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 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.