TFS Financial (TFSL) Form 4: Director reports sale and RSU holdings

Rhea-AI Filing Summary

Barbara J. Anderson, a director of TFS Financial Corporation (TFSL), reported stock and RSU transactions. She sold 12,000 shares of common stock on 08/15/2025 at $13.05 per share, leaving her with 2,100 shares directly beneficially owned after the sale. The filing also discloses existing restricted stock units: 20,000 RSUs from a 2021 grant that vest in annual 20% increments beginning December 10, 2022, and 5,100 RSUs from a 2024 grant that fully vest on December 10, 2025. The Form 4 was signed under power of attorney on 08/18/2025.

Insights

Securities Analyst

TL;DR: Insider sold 12,000 shares at $13.05 and retains direct shares plus vested/unvested RSUs; transaction is routine disclosure of ownership change.

The 08/15/2025 sale of 12,000 common shares at $13.05 is explicitly reported, reducing direct beneficial ownership to 2,100 shares. The filing details two RSU grants: a 50,000 RSU grant from 2021 subject to 20% annual vesting and a 5,100 RSU grant from 2024 that vests fully on 12/10/2025. All amounts and dates are presented in the filing; no additional financial performance or intent is stated.

Corporate Governance Expert

TL;DR: Disclosure meets Section 16 reporting: sale reported, RSU grant terms disclosed, POA signature included.

The Form 4 provides required details: transaction date, price, post-transaction beneficial ownership, and nature of indirect holdings as restricted stock units with dividend equivalents. The signature block indicates filing via power of attorney on 08/18/2025. The filing contains factual ownership and vesting schedules only; it does not state any change in board role or compensation policy.

Insider Trade Summary

Net Seller: 12,000 shares ($156,600)

Net Sell 3 txns

Insider Anderson Barbara J.

Role Director

Sold 12,000 shs ($157K)

Type	Security	Shares	Price	Value
Sale	Common Stock	12,000	$13.05	$157K
holding	Restricted Stock Units	--	--	--
holding	Restricted Stock Units	--	--	--

Holdings After Transaction: Common Stock — 2,100 shares (Direct); Restricted Stock Units — 20,000 shares (Direct)

Footnotes (1)

1. 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 16, 2021, the reporting person received a grant of 50,000 Restricted Stock Units (RSUs). These RSUs will vest one-fifth (20%) per year beginning December 10, 2022. On December 19, 2024, the reporting person received a grant of 5,100 Restricted Stock Units ("RSUs") which fully vest on December 10, 2025.

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^*

Anderson Barbara J.

(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
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/15/2025

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	08/15/2025		S		12,000	D	$13.05	2,100	D

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	(1)							(2)	(2)	Common Stock	20,000		20,000	D
Restricted Stock Units	(1)							(3)	(3)	Common Stock	5,100		5,100	D

Explanation of Responses:

1. 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.

2. On December 16, 2021, the reporting person received a grant of 50,000 Restricted Stock Units (RSUs). These RSUs will vest one-fifth (20%) per year beginning December 10, 2022.

3. On December 19, 2024, the reporting person received a grant of 5,100 Restricted Stock Units ("RSUs") which fully vest on December 10, 2025.

Remarks:

	/s/ Susanne N. Miller, Pursuant to Power of Attorney	08/18/2025
	** 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.
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 did Barbara J. Anderson report on Form 4 for TFSL?

She reported a sale of 12,000 common shares on 08/15/2025 at $13.05 and shows 2,100 shares beneficially owned following the sale, plus RSU holdings.

How many restricted stock units does the filing show for TFSL insider Barbara Anderson?

The filing discloses 20,000 RSUs from a 2021 grant and 5,100 RSUs from a 2024 grant, totaling 25,100 RSUs.

When do the disclosed RSUs vest according to the Form 4?

The 2021 RSUs vest one-fifth per year beginning 12/10/2022; the 5,100 RSUs from 12/19/2024 fully vest on 12/10/2025.

At what price were the shares sold in the reported transaction?

The 12,000 shares were sold at $13.05 per share on 08/15/2025.

Who signed the Form 4 and when was it filed?

The Form 4 was signed by Susanne N. Miller pursuant to power of attorney and dated 08/18/2025.