Form 4: TFS Financial CORP: CFO Meredith Weil Sells 12,000 Shares
SEC Form 4
Meredith S. Weil, CFO of TFS Financial CORP, reports the sale of 12,000 shares of common stock at $13.59 per share on February 18, 2025.
Summary
- Meredith S. Weil, the Chief Financial Officer of TFS Financial CORP, filed a Form 4 on February 20, 2025.
- On February 18, 2025, Weil sold 12,000 shares of TFS Financial CORP common stock at a price of $13.59 per share.
- Following the transaction, Weil directly owns 93,527 shares of common stock.
- Weil also indirectly owns 348 shares through a 401(k) and 514 shares through an ESOP.
- Weil holds various derivative securities, including performance restricted share units, restricted stock units, and employee stock options with varying exercise prices and expiration dates.
- Some restricted stock units vest in installments beginning December 10, 2023, 2024 and 2025.
- Some stock options vest in installments beginning December 10, 2016, 2017 and 2018 and May 28, 2016.
Sentiment
Score: 5
Explanation: The sentiment is neutral. It's a standard disclosure of a stock sale by an insider. The impact depends on the investor's interpretation of the sale.
Negatives
- The sale of 12,000 shares by the CFO could be interpreted negatively by some investors.
Future Outlook
The document does not contain specific forward-looking statements beyond the vesting schedules of the stock options and restricted stock units.
Industry Context
Form 4 filings are routine disclosures required by the SEC when corporate insiders, like the CFO, trade their company's stock. These filings are closely watched by investors for signals about management's view of the company's prospects.
Comparison to Industry Standards
- Comparing the CFO's transactions to those of CFOs at similar financial institutions (e.g., regional banks like Fifth Third Bancorp or KeyCorp) could provide context on whether this sale is typical or unusual.
- Analyzing the vesting schedules and option grants relative to industry norms for executive compensation can also offer insights.
Stakeholder Impact
- The sale could have a minor impact on shareholder sentiment, depending on how it's perceived.
- The vesting of restricted stock units and performance share units will impact the CFO's compensation over time.
Key Dates
| Date | Description |
|---|---|
| 05/28/2015 | Grant of 108,300 stock options at $14.81, vesting in five equal annual installments beginning May 28, 2016. |
| 12/15/2015 | Grant of 49,200 stock options at $19.06, vesting in three equal annual installments beginning December 10, 2016. |
| 12/17/2015 | Grant of 49,200 stock options on December 15, 2015. These stock options vest in three equal annual installments beginning December 10, 2016. |
| 12/15/2016 | Grant of 79,400 stock options at $19.31, vesting in three equal annual installments beginning December 10, 2017. |
| 01/08/2018 | Grant of 187,500 stock options at $14.74, vesting in three equal annual installments beginning December 10, 2018. |
| 12/15/2022 | Grant of 14,200 Restricted Stock Units (RSUs). These RSUs vest in three equal installments beginning December 10, 2023 |
| 03/04/2024 | Grant of 14,400 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2024. |
| 11/21/2024 | Reporting person achieved performance level of 90.0% on a target award of 21,300 Performance Share Units (PSUs), resulting in a total earned award of 19,170 shares. |
| 12/19/2024 | Grant of 16,600 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2025. |
| 02/18/2025 | Sale of 12,000 shares of common stock at $13.59 per share. |
| 02/20/2025 | Date of Form 4 filing. |
| 05/28/2025 | Expiration date for 108,300 employee stock options granted on May 28, 2015. |
| 12/17/2025 | Expiration date for 24,200 employee stock options granted on December 15, 2015. |
| 12/15/2026 | Expiration date for 54,400 employee stock options granted on December 15, 2016. |
| 01/05/2028 | Expiration date for 187,500 employee stock options granted on January 8, 2018. |
Keywords
Form 4, TFS Financial CORP, TFSL, Meredith Weil, CFO, Stock Sale, Beneficial Ownership, Restricted Stock Units, Stock Options, Performance Share Units
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.