Form 4: TFS Financial CFO Meredith Weil Boosts Equity Holdings

TFS Financial's CFO, Meredith Weil, reported significant equity awards, including new Restricted Stock Units and vested Performance Share Units, alongside the expiration of some stock options.

Summary

• Meredith S. Weil, Chief Financial Officer and Director of TFS Financial CORP (TFSL), reported changes in her beneficial ownership.
• A new grant of 16,500 Restricted Stock Units (RSUs) was received on December 18, 2025, which will vest in three equal annual installments starting December 10, 2026.
• The reporting person achieved a 100% performance level on a target award of 12,700 Performance Share Units (PSUs) on November 25, 2025, based on performance through September 30, 2025. These PSUs will vest and distribute on December 10, 2026.
• 24,200 employee stock options with an exercise price of $19.06 expired on December 17, 2025.
• Current direct beneficial ownership includes 67,236 shares of Common Stock (with shared voting power with spouse).
• Indirect beneficial ownership includes 371 shares in a 401(k) and 549 shares in an ESOP.
• Outstanding derivative securities include 187,500 employee stock options at an exercise price of $14.74 expiring January 5, 2028, and 54,400 employee stock options at an exercise price of $19.31 expiring December 15, 2026.
• Additional outstanding Restricted Stock Units include 3,600 units (from a 2011 grant), 11,067 units (from a 2024 grant), and 4,800 units (from another 2024 grant).

Sentiment

Score: 7

Explanation: The reporting person received substantial new equity awards and achieved full vesting on performance units, indicating strong alignment with company performance, despite the expiration of some older options. This generally signals positive executive confidence and retention.

Positives

• Received a new grant of 16,500 Restricted Stock Units (RSUs) on December 18, 2025.
• Achieved 100% performance on a target award of 12,700 Performance Share Units (PSUs), resulting in the full award being earned.

Negatives

• 24,200 employee stock options with an exercise price of $19.06 expired on December 17, 2025, resulting in no beneficial ownership for that specific grant.

Future Outlook

Future vesting events for Restricted Stock Units are scheduled to occur in annual installments beginning December 10, 2026, for the most recent grant, and December 10, 2026, for the earned Performance Share Units. Other existing RSUs and stock options have various vesting and expiration dates extending into 2028.

Industry Context

NA

Stakeholder Impact

• Shareholders benefit from increased management alignment with company performance through equity awards, which can incentivize long-term value creation.
• The executive's compensation structure is further tied to the company's stock performance, reinforcing management's interest in shareholder value.

Next Steps

• Vesting of 16,500 Restricted Stock Units in three equal annual installments beginning December 10, 2026.
• Vesting and distribution of 12,700 Performance Share Units on December 10, 2026.
• Continued vesting of previously granted Restricted Stock Units on their respective schedules.
• Potential exercise of outstanding employee stock options prior to their expiration dates.

Key Dates

Keywords

TFS Financial, TFSL, Form 4, Insider Transaction, Executive Compensation, Restricted Stock Units, Performance Share Units, Stock Options, Beneficial Ownership