Stefanski Marc A 4
4 · TFS Financial CORP · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
TFS Financial (TFSL) CEO Marc A. Stefanski Sells Shares
What Happened
- Marc A. Stefanski, Chairman, President and CEO (also a director) of TFS Financial Corporation (TFSL), reported open-market sales totaling 37,844 shares. He sold 1,000 shares on 2026-02-13 at $15.00 each ($15,000) and 36,844 shares on 2026-02-17 at $15.12 each (about $557,081). Both transactions are coded “S” (sale). Sales are often routine insider liquidity events and do not by themselves signal company outlook.
Key Details
- Transaction dates & prices:
- 2026-02-13: 1,000 shares at $15.00 — $15,000
- 2026-02-17: 36,844 shares at $15.12 — $557,081 (per filing)
- Total reported proceeds: approximately $572,081.
- Shares owned after transaction: not specified in the provided filing excerpt.
- Footnotes of note: filing includes multiple RSU/PSU grant disclosures (see F2–F9, F10). Recent larger grants include a 215,200 RSU retention award (vests Dec 10, 2030) and other RSU/PSU awards with staggered vesting; some prior RSU distributions were used to satisfy tax withholding. F1 notes some transactions may not be required to be reported under Section 16.
- Filing timeliness: Form filed 2026-02-18 covering trades on 2026-02-13 and 2026-02-17. The filing itself does not indicate a late-filing flag in the provided excerpt.
Context
- Transaction code S = Sale. These were outright share disposals (open market/private sale) rather than option exercises or awards being received. Because many of Stefanski’s equity holdings are in the form of restricted or performance stock units with delayed vesting or distribution conditions, some reported sales can reflect routine portfolio-management or tax/liquidity needs rather than immediate changes in insider conviction.
Insider Transaction Report
Form 4
Stefanski Marc A
DirectorChairman, President and CEO
Transactions
- Sale
Common Stock
2026-02-13$15.00/sh−1,000$15,000→ 108,841 total - Sale
Common Stock
2026-02-17$15.12/sh−36,844$557,081→ 71,997 total
Holdings
- 28,200(indirect: By Spouse)
Common Stock
- 37,150(indirect: By Trust)
Common Stock
- 20,389(indirect: By Trust)
Common Stock
- 54,738(indirect: By Trust)
Common Stock
- 11,389(indirect: BY ESOP)
Common Stock
[F1] - 112,922(indirect: By 401(k))
Common Stock
[F1] - 215,200
Restricted Stock Units
[F2][F3]→ Common Stock (215,200 underlying) - 40,200
Restricted Stock Units
[F2][F4]→ Common Stock (40,200 underlying) - 13,567
Restricted Stock Units
[F2][F5]→ Common Stock (13,567 underlying) - 26,934
Restricted Stock Units
[F2][F6]→ Common Stock (26,934 underlying) - 20,400
Performance Restricted Share Units
[F2][F7]→ Common Stock (20,400 underlying) - 33,400
Restricted Stock Units
[F2][F8]→ Common Stock (33,400 underlying) - 35,700
Restricted Stock Units
[F2][F9]→ Common Stock (35,700 underlying) - 693,048
Restricted Stock Units
[F2][F10]→ Common Stock (693,048 underlying)
Footnotes (10)
- [F1]Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
- [F10]As 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.
- [F2]Each 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.
- [F3]On 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.
- [F4]On 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.
- [F5]On 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.
- [F6]On 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.
- [F7]On 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.
- [F8]As 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.
- [F9]As 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.
Signature
/s/ Susanne N. Miller, Pursuant to Power of Attorney|2026-02-18