WEIL MEREDITH S 4
4 · TFS Financial CORP · Filed Jun 4, 2026
Research Summary
AI-generated summary of this filing
TFS Financial (TFSL) CFO Meredith S. Weil Exercises Options & Sells Shares
What Happened
Meredith S. Weil, Chief Financial Officer of TFS Financial Corporation (TFSL), exercised 80,000 stock options on June 2, 2026, creating 80,000 common shares (acquired at $14.74 each; total cost $1,179,200). All 80,000 resulting shares were disposed the same day: 75,895 shares were delivered to the issuer to pay the option exercise price and withholding taxes (reported at $15.90 per share, $1,206,731), and the remaining 4,105 shares were sold in the open market at $15.91 per share for $65,311. Net effect: the exercise generated shares that were entirely used to satisfy payment/withholding and a small open‑market sale — no net increase in beneficial ownership.
Key Details
- Transaction date: June 2, 2026 (Form 4 filed June 4, 2026) — filed within the typical 2‑business‑day window.
- Option exercise: 80,000 shares acquired at $14.74/share (total $1,179,200) — transaction code M.
- Withholding/disposition: 75,895 shares delivered to issuer to cover exercise price and taxes at $15.90/share (total $1,206,731) — transaction code F.
- Open‑market sale: 4,105 shares sold at $15.91/share (total $65,311) — transaction code S.
- Net change in beneficial ownership: effectively zero (all 80,000 shares from the exercise were disposed).
- Notable footnotes: F1 confirms these shares were acquired upon exercise/settlement of stock options; F3 indicates shares were delivered to the issuer to pay the exercise price and withholding tax (i.e., a cashless exercise/withholding).
- Shares owned after transaction: not specified in the provided extract of the filing.
Context
- This was an option exercise with immediate disposition of all resulting shares to cover costs/taxes and a small sale — commonly a cashless exercise routine rather than a straightforward purchase or a discretionary sell signaling sentiment.
- The filing shows standard option‑related mechanics (exercise, share surrender for tax/exercise payment, and a small open‑market sale). No indication in the filing of late reporting or a 10b5‑1 plan.
Insider Transaction Report
Form 4
WEIL MEREDITH S
DirectorChief Financial Officer
Transactions
- Exercise/Conversion
Common Stock
[F1][F2]2026-06-02$14.74/sh+80,000$1,179,200→ 118,480 total - Tax Payment
Common Stock
[F3][F2]2026-06-02$15.90/sh−75,895$1,206,731→ 42,585 total - Sale
Common Stock
[F2]2026-06-02$15.91/sh−4,105$65,311→ 38,480 total - Exercise/Conversion
Employee Stock Option (right to buy)
[F5]2026-06-02$14.74/sh−80,000$1,179,200→ 107,500 totalExercise: $14.74Exp: 2028-01-05→ Common Stock (80,000 underlying)
Holdings
- 386(indirect: By 401(k))
Common Stock
[F4] - 16,500
Restricted Stock Units
[F6][F7]→ Common Stock (16,500 underlying) - 12,700
Performance Restricted Share Units
[F6][F8]→ Common Stock (12,700 underlying) - 3,600
Restricted Stock Units
[F6][F9]→ Common Stock (3,600 underlying) - 11,067
Restricted Stock Units
[F6][F10]→ Common Stock (11,067 underlying) - 4,800
Restricted Stock Units
[F6][F11]→ Common Stock (4,800 underlying) - 54,400
Employee Stock Option (right to buy)
[F12]Exercise: $19.31Exp: 2026-12-15→ Common Stock (54,400 underlying)
Footnotes (12)
- [F1]These common shares were acquired upon the exercise and settlement of certain stock options.
- [F10]On December 19, 2024, the reporting person received a grant of 16,600 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2025.
- [F11]On March 4, 2024, the reporting person received a grant of 14,400 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2024.
- [F12]As reported on a Form 4 dated December 15, 2016, the reporting person received a grant of 79,400 stock options. These stock options vest in three equal annual installments beginning December 10, 2017.
- [F2]Shares are held with shared voting power with spouse.
- [F3]These common shares were delivered to the issuer to pay for the options exercise price and applicable withholding tax due upon the exercise of certain stock options.
- [F4]Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
- [F5]As reported on a Form 4 dated January 8, 2018, the reporting person received a grant of 187,500 stock options. These stock options vest in three equal annual installments beginning December 10, 2018.
- [F6]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.
- [F7]On December 18, 2025, the reporting person received a grant of 16,500 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2026.
- [F8]On November 25, 2025, the reporting person achieved performance level of 100% on a target award of 12,700 Performance Share Units ("PSUs"), resulting in a total earned award of 12,700 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.
- [F9]As reported on a Form 4 dated September 29, 2011, the reporting person received a grant of 3,600 restricted stock units that vest in four equal annual installments beginning 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|2026-06-04