Filing Details

Accession Number:
0001381668-25-000051
Form Type:
4
Zero Holdings:
No
Publication Time:
2025-03-04 12:57:47
Reporting Period:
2025-03-03
Filing Date:
2025-03-04
Accepted Time:
2025-03-04 12:57:47
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1381668 Tfs Financial Corp TFSL Savings Institution, Federally Chartered (6035) 522054948
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1388161 A Marc Stefanski 7007 Broadway Avenue
Cleveland OH 44105
Chairman, President And Ceo Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Disposition 2025-03-03 17,555 $13.27 84,229 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 23,200 Indirect By Spouse
Common Stock 37,150 Indirect Trustee for daughter's trust
Common Stock 54,738 Indirect Trustee for sibling trust
Common Stock 31,089 Indirect Trust Beneficiary
Common Stock 7,200 Indirect POA on siblings IRA
Common Stock 10,916 Indirect BY ESOP
Common Stock 110,606 Indirect By 401(k)
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Restricted Stock Units $0.00 40,400 40,400 Direct
Common Stock Restricted Stock Units $0.00 13,400 13,400 Direct
Common Stock Restricted Stock Units $0.00 27,134 27,134 Direct
Common Stock Performance Restricted Share Units $0.00 36,180 36,180 Direct
Common Stock Restricted Stock Units $0.00 33,400 33,400 Direct
Common Stock Restricted Stock Units $0.00 35,700 35,700 Direct
Common Stock Restricted Stock Units $0.00 693,048 693,048 Direct
Common Stock Employee Stock Option (right to buy) $19.06 2025-12-17 196,700 196,700 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
40,400 40,400 Direct
13,400 13,400 Direct
27,134 27,134 Direct
36,180 36,180 Direct
33,400 33,400 Direct
35,700 35,700 Direct
693,048 693,048 Direct
2025-12-17 196,700 196,700 Direct
Footnotes
  1. Represents the weighted-average sale price per share of a series of transactions, all of which were executed on March 3, 2025. The actual sale prices ranged from a lowof $13.20 to a high of $13.35, inclusive. Each reporting person undertakes to provide upon request of the SEC Staff, TFS Financial Corporation or any security holder of TFS Financial Corporation fullinformation regarding the number of shares sold at each price within the range. The amount reflected has been rounded to 2 decimal points.
  2. Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
  3. 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.
  4. 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.
  5. On December 15, 2022, the reporting person received a grant of 40,200 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2023.
  6. 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.
  7. On November 21, 2024, the reporting person achieved performance level of 90.0% on a target award of 40,200 Performance Share Units ("PSUs"), resulting in a total earned award of 36,180 shares. This represents the final determination a December 15, 2022 award that was dependent on certain performance results during the two fiscal year period ended September 30, 2024. 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, 2025.
  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.