Stefanski Marc A 4

What Happened

• Marc A. Stefanski, Chairman, President and CEO of TFS Financial Corporation (TFSL), reported open‑market sales of common stock. He sold 7,149 shares on 2026-02-12 at $15.03 each ($107,449) and 7 shares on 2026-02-11 at $15.00 each ($105), for a combined total of 7,156 shares and roughly $107,554. These transactions are coded as sales (S).

Key Details

• Transaction dates and prices:
  • 2026-02-12: 7,149 shares @ $15.03 — $107,449
  • 2026-02-11: 7 shares @ $15.00 — $105
• Filing: Form 4 filed 2026-02-13 (appears timely under Section 16 reporting deadlines).
• Shares owned after transaction: not specified in the filing.
• No 10b5-1 plan or other trading plan is disclosed in the filing.
• Relevant footnotes (F2–F10) describe multiple outstanding restricted stock units (RSUs) and performance stock units (PSUs), vesting schedules, and past share deliveries for tax withholding; F1 notes some transactions described elsewhere were not required to be reported under Section 16.

Context

• These were sales (dispositions), not purchases or exercises. Sales by executives can be routine (liquidity or tax-related) and do not by themselves indicate a change in insider sentiment. The filing also documents various RSU/PSU awards with staggered vesting and distribution rules, which provide additional context about the insider’s longer‑term equity compensation.