Stefanski Marc A 4

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.