SEC Form 4 · accession 0001388161-26-000008
TFS Financial CORP · TFSL
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marc A Stefanski
Officer — Chairman, President and CEO · Director
Period of report
Sep 8, 2026
Accepted (ET)
Sep 10, 2026 · 3:32 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0001381668
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Sep 8, 2026 | S | 10,000 | $17.28 | D | 27,150 | I | Trustee for daughter's trust |
| Common StockF1 | holding | — | — | — | 77,570 | D | ||
| Common Stock | holding | — | — | — | 29,700 | I | By Spouse | |
| Common StockF1 | holding | — | — | — | 13 | I | Trust Beneficiary | |
| Common Stock | holding | — | — | — | 54,738 | I | Trustee for sibling trust | |
| Common StockF2 | holding | — | — | — | 11,389 | I | BY ESOP | |
| Common StockF2 | holding | — | — | — | 115,058 | I | By 401(k) |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4 | — | holding | — | — | — | — | — | Common Stock | 215,200 | 215,200 | D |
| Restricted Stock UnitsF3,F5 | — | holding | — | — | — | — | — | Common Stock | 40,200 | 40,200 | D |
| Restricted Stock UnitsF3,F6 | — | holding | — | — | — | — | — | Common Stock | 13,567 | 13,567 | D |
| Restricted Stock UnitsF3,F7 | — | holding | — | — | — | — | — | Common Stock | 26,934 | 26,934 | D |
| Performance Restricted Share UnitsF3,F8 | — | holding | — | — | — | — | — | Common Stock | 20,400 | 20,400 | D |
| Restricted Stock UnitsF3,F9 | — | holding | — | — | — | — | — | Common Stock | 33,400 | 33,400 | D |
| Restricted Stock UnitsF3,F10 | — | holding | — | — | — | — | — | Common Stock | 35,700 | 35,700 | D |
| Restricted Stock UnitsF3,F11 | — | holding | — | — | — | — | — | Common Stock | 693,048 | 693,048 | D |
Explanation of responses
- F1Ending shares reflect the transfer of 7,073 shares transferred on August 20th, 2026 from the Grantor Retained Annuity Trust ("GRAT") of the reporting person. This transaction changed the beneficial ownership of such shares from indirect to direct ownership.
- F10As reported on a Form 4 dated May 18, 2010, the Reporting Person received a grant of 35,700 restricted stock units that vest in four equal installments beginning on May 14, 2011. Vested shares may be distributed to the Reporting Person only after that person's termination of employment with TFS Financial Corporation.
- F11As reported on a Form 4 dated August 13, 2008, the Reporting Person received a grant of 701,800 Restricted Stock Units ("RSUs") on August 11, 2008. These RSUs vest 10% on each of the third through the ninth anniversaries of the date of the grant and 30% on the tenth anniversary of the date of the grant. Vested shares may be distributed to the Reporting Person only after the person's termination of employment from TFS Financial Corporation. 3,387 shares were delivered to the issuer on August 13, 2012; and 5,365 shares were delivered to the issuer on August 11, 2015; to pay for the applicable withholding tax due upon vesting.
- F2Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
- F3Each restricted and performance stock unit represents a contingent right to receive one share of TFS Financial Corporation common stock. Restricted and performance stock units are entitled to dividend equivalent rights in the form of a cash payment in the amount of any cash dividend paid per share of common stock.
- F4On December 18, 2025 the reporting person received a retention award grant of 215,200 restricted stock units ("RSU's"). These RSU's fully vest on December 10, 2030, subject to the reporting persons continuous service, and with certain limited exceptions.
- F5On December 18, 2025, the reporting person received a grant of 40,200 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2026.
- F6On March 4, 2024, the reporting person received a grant of 40,700 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2024.
- F7On December 19, 2024, the reporting person received a grant of 40,400 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2025.
- F8On November 25, 2025, the reporting person achieved performance level of 100% on a target award of 20,400 Performance Share Units ("PSUs"), resulting in a total earned award of 20.400 shares. This represents the final determination a March 4, 2024 award that was dependent on certain performance results during the two fiscal year period ended September 30, 2025. Each PSU represents a contingent right to receive one share of TFS Financial Corporation common stock and are entitled to dividend equivalent rights in the form of a cash payment in the amount of any cash dividend paid per share of common stock during the period the award was outstanding. The shares and dividend equivalent payment will vest and distribute to the reporting person on December 10, 2026.
- F9As reported on a Form 4 dated May 14, 2009, the reporting person received a grant of 33,400 restricted stock units that vest in four equal annual installments beginning on May 12, 2010. Vested shares may be distributed to the reporting person only after the person's termination of employment with TFS Financial Corporation.