Form 4: TFS Financial Corp Executive Stefanski Gavin B Reports Transaction
SEC Form 4
Gavin B Stefanski, Chief Experience Officer of TFS Financial Corp, reports a transaction involving common stock and restricted stock units.
Summary
- On May 13, 2025, Gavin B Stefanski, Chief Experience Officer of TFS Financial Corp, reported a transaction.
- The transaction involved the sale of 3,505 shares of common stock at a price of $13.47 per share.
- Following the transaction, Stefanski directly owns 32,766 shares and indirectly owns 3,256 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 beginning December 10, 2025.
- Additionally, Stefanski holds 15,000 RSUs granted on March 4, 2024, which fully vest on December 10, 2026.
- Stefanski also holds an employee stock option (right to buy) 5,000 shares of common stock at $14.62, granted on April 2, 2018, which fully vested on December 10, 2020.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral.
Industry Context
This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their transactions in the company's stock. It's a standard practice across all publicly traded companies.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the change in insider ownership.
- Employees holding TFS Financial Corporation stock or options may be interested in the transaction details.
Key Dates
| Date | Description |
|---|---|
| 2018-04-02 | Reporting person received 5,000 stock options. |
| 2020-12-10 | Stock options fully vest. |
| 2024-03-04 | Reporting person received a grant of 15,000 Restricted Stock Units (RSUs). |
| 2024-12-19 | Reporting person received a grant of 4,300 Restricted Stock Units (RSUs). |
| 2025-05-13 | Reporting person sold 3,505 shares of common stock. |
| 2025-12-10 | First vesting date for 4,300 RSUs. |
| 2026-12-10 | Full vesting date for 15,000 RSUs. |
| 2028-01-05 | Expiration date for employee stock option. |
Keywords
Form 4, TFS Financial CORP, TFSL, Insider Trading, Gavin B Stefanski, Chief Experience Officer, Stock Sale, Restricted Stock Units, Stock Options, Beneficial Ownership
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