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TFS Financial CORP·4

Jun 4, 7:44 AM ET

WEIL MEREDITH S 4

Research Summary

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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.