Form 4: TFS Financial Corp Executive Gavin B Stefanski Reports Sale of Common Stock

Gavin B Stefanski, Chief Experience Officer of TFS Financial Corp, reports the sale of 7,000 shares of common stock at $13.72 per share on February 7, 2025.

Summary

• Gavin B Stefanski, Chief Experience Officer of TFS Financial Corp, filed a Form 4 detailing changes in beneficial ownership.
• On February 7, 2025, Stefanski sold 7,000 shares of TFS Financial Corp common stock at a price of $13.72 per share.
• Following the transaction, Stefanski directly owns 36,271 shares and indirectly owns 2,759 shares through an ESOP.
• Stefanski also holds 4,300 Restricted Stock Units (RSUs) granted on December 19, 2024, which vest in three equal annual installments starting December 10, 2025.
• Additionally, Stefanski holds 15,000 RSUs granted on March 4, 2024, which fully vest on December 10, 2026.
• Stefanski also has 5,000 employee stock options granted on April 2, 2018, which fully vested on December 10, 2020, with an exercise price of $14.62.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a stock sale by an executive, which is neutral in sentiment.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors to gauge management's sentiment and confidence in the company's prospects.

Stakeholder Impact

• The sale of shares by an executive could be perceived negatively by some shareholders, potentially signaling a lack of confidence in the company's future performance, although this is a routine transaction.

Key Dates

Keywords

Form 4, Beneficial Ownership, Stock Sale, Restricted Stock Units, Employee Stock Options, TFS Financial Corp, TFSL, Stefanski, Executive Compensation