TFS Financial CEO gifts 3,000 company shares
TFS Financial CORP Chairman, President and CEO Marc A. Stefanski reported a personal wealth transfer rather than a market trade.
Rhea-AI Filing Summary
TFS Financial CORP Chairman, President and CEO Marc A. Stefanski reported a personal wealth transfer rather than a market trade. He made bona fide gifts totaling 3,000 shares of common stock on May 5, 2026, including 1,500 shares held indirectly through his spouse and 1,500 shares held directly. After these gifts, he continues to hold common stock both directly and through various indirect accounts and trusts, and also maintains large awards of restricted and performance stock units that can convert into TFS Financial common shares under previously disclosed vesting schedules.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,000 shares gifted
Gift
15 txns
Insider
Stefanski Marc A
Role
Chairman, President and CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 1,500 | $0.00 | $0.00 |
| Gift | Common Stock | 1,500 | $0.00 | $0.00 |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Restricted Stock Units | -- | -- | -- |
| 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 | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 70,497 shares (Direct);
Common Stock — 29,700 shares (Indirect, By Spouse);
Restricted Stock Units — 1,058,049 contracts (Direct);
Performance Restricted Share Units — 20,400 contracts (Direct);
Common Stock — 37,150 shares (Indirect, Trustee for daughter's trust);
Common Stock — 20,389 shares (Indirect, Trust Beneficiary);
Common Stock — 54,738 shares (Indirect, Trustee for sibling trust);
Common Stock — 11,389 shares (Indirect, BY ESOP);
Common Stock — 114,936 shares (Indirect, By 401(k))
Footnotes (11)
- F1. The reporting person gifted these shares to his wife.
- F2. Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
- F3. 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.
- F4. On December 18, 2025 the reporting person received a retention award grant of 215,200 restricted stock units ("RSU's"). These RSU's fully vest on December 10, 2030, subject to the reporting persons continuous service, and with certain limited exceptions.
- F5. On December 18, 2025, the reporting person received a grant of 40,200 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2026.
- F6. 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.
- F7. 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.
- F8. 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.
- F9. 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.
- F10. 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.
- F11. 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.
Key Figures
Gifted shares (spouse account): 1,500 shares
Gifted shares (direct holding): 1,500 shares
Total gifted shares: 3,000 shares
+5 more
8 metrics
Gifted shares (spouse account)
1,500 shares
Common Stock, bona fide gift, By Spouse, May 5, 2026
Gifted shares (direct holding)
1,500 shares
Common Stock, bona fide gift, direct, May 5, 2026
Total gifted shares
3,000 shares
Two bona fide gifts coded G on May 5, 2026
Direct common stock after gift
70,497 shares
Total shares following transaction, direct ownership
Spouse-held common stock after gift
29,700 shares
Indirect ownership, By Spouse, after 1,500-share gift
Long-term RSU grant
693,048 underlying shares
Restricted Stock Units, exercise price $0.0000
Retention award RSUs
215,200 units
Grant on December 18, 2025, vesting December 10, 2030
Performance share units
20,400 shares
Award achieved at 100% performance level on November 25, 2025
Key Terms
bona fide gift, Restricted Stock Units, Performance Restricted Share Units, dividend equivalent rights, +2 more
6 terms
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
Restricted Stock Units financial
""security_title": "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
"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.
retention award grant financial
"the reporting person received a retention award grant of 215,200 restricted stock units"
Section 16 of the Securities Exchange Act regulatory
"transactions not required to be reported under Section 16 of the Securities Exchange Act"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did TFSL CEO Marc A. Stefanski report?
Marc A. Stefanski reported bona fide gifts of 3,000 TFS Financial CORP common shares on May 5, 2026. The filing shows 1,500 shares gifted from stock held by his spouse and 1,500 from his direct holdings, reflecting a personal transfer rather than a market sale.
Does the TFSL Form 4 show market buying or selling by the CEO?
No market trades are shown; the filing reports gift transfers coded as “G” for bona fide gifts. These are non‑cash dispositions, not open‑market sales or purchases, and therefore do not reflect trading activity in TFS Financial CORP shares on an exchange.
What TFSL restricted stock units does Marc A. Stefanski hold after these transactions?
The filing lists multiple restricted stock unit positions. These include a long‑standing grant covering 693,048 underlying shares and a 215,200-unit retention award granted December 18, 2025, plus several smaller RSU and performance share unit awards with future vesting dates.
What is the TFSL CEO’s retention award mentioned in the Form 4 footnotes?
Footnotes describe a retention award of 215,200 restricted stock units granted December 18, 2025. These RSUs fully vest on December 10, 2030, if Stefanski continues in service, subject to limited exceptions, and each unit represents one share of TFS Financial CORP common stock.
Do TFSL restricted and performance stock units include dividend rights?
Yes. The filing states each restricted and performance stock unit has dividend equivalent rights. Holders receive cash payments equal to any cash dividend paid per share of TFS Financial CORP common stock for the period while the units are outstanding.
AI-generated analysis. How Rhea-AI works. Not financial advice.
