Form 4: TFS Financial CORP CFO Meredith Weil Reports Stock Sale and Updates on Stock Options and Restricted Stock Units
SEC Form 4
Meredith Weil, CFO of TFS Financial CORP, reports the sale of 15,000 shares of common stock and provides updates on performance share units, restricted stock units, and employee stock options.
Summary
- On May 6, 2025, Meredith Weil, the Chief Financial Officer of TFS Financial CORP, sold 15,000 shares of common stock at a price of $13.48 per share.
- Following the transaction, Weil directly owns 78,527 shares of common stock.
- Weil also indirectly owns 356 shares through a 401(k) and 526 shares through an ESOP.
- The report details performance share units (PSUs) awarded on December 15, 2022, where Weil achieved a 90.0% performance level, resulting in 19,170 shares to be distributed on December 10, 2025.
- The report also mentions restricted stock units (RSUs) granted on December 19, 2024 (16,600 shares), March 4, 2024 (14,400 shares), and December 15, 2022 (14,200 shares), which vest in installments beginning December 10, 2025, December 10, 2024 and December 10, 2023 respectively.
- The report includes details of employee stock options granted on various dates with different exercise prices and vesting schedules.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions and equity awards. The sentiment is neutral as it primarily reports factual information.
Negatives
- The sale of 15,000 shares by the CFO could be interpreted negatively by some investors.
Future Outlook
The document provides information on future vesting dates for restricted stock units and performance share units, as well as expiration dates for employee stock options.
Industry Context
Form 4 filings are standard disclosures required by the SEC for insiders of publicly traded companies, providing transparency into their transactions in the company's stock.
Stakeholder Impact
- The stock sale by the CFO may have a minor impact on shareholder sentiment.
Key Dates
| Date | Description |
|---|---|
| 2011-05-14 | Initial vesting date for 3,600 restricted stock units. |
| 2015-05-28 | Grant date of 108,300 employee stock options. |
| 2015-12-15 | Grant date of 49,200 employee stock options. |
| 2015-12-17 | Grant date of 49,200 employee stock options. |
| 2016-12-15 | Grant date of 79,400 employee stock options. |
| 2017-12-10 | Initial vesting date for 79,400 employee stock options. |
| 2018-01-08 | Grant date of 187,500 stock options. |
| 2018-12-10 | Initial vesting date for 187,500 stock options. |
| 2022-12-15 | Grant date of 14,200 Restricted Stock Units (RSUs) and Performance Share Units (PSUs). |
| 2023-12-10 | Initial vesting date for 14,200 Restricted Stock Units (RSUs). |
| 2024-03-04 | Grant date of 14,400 Restricted Stock Units (RSUs). |
| 2024-11-21 | Performance level of 90.0% achieved on Performance Share Units (PSUs). |
| 2024-12-19 | Grant date of 16,600 Restricted Stock Units (RSUs). |
| 2025-05-06 | Date of stock sale transaction. |
| 2025-05-08 | Date of signature. |
| 2025-05-28 | Vesting start date for 108,300 employee stock options. |
| 2025-12-10 | Vesting date for PSUs and RSUs. |
| 2025-12-17 | Expiration date for employee stock options. |
| 2026-12-15 | Expiration date for employee stock options. |
| 2028-01-05 | Expiration date for employee stock options. |
Keywords
Form 4, TFS Financial CORP, TFSL, Meredith Weil, CFO, stock sale, performance share units, restricted stock units, employee stock options, beneficial ownership
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