WEIL MEREDITH S 4

What Happened
Meredith S. Weil, Chief Financial Officer of TFS Financial Corporation, exercised 50,000 stock options on June 11, 2026 at an exercise price of $14.74, generating 50,000 common shares (exercise value/cost = $737,000). To cover the exercise price and withholding taxes, Weil delivered 45,684 of those shares back to the issuer (tax-withholding/cashless component) at $16.80 per share (value reported $767,491). Additionally, 4,316 shares were sold in an open-market transaction that same day at $16.80 for proceeds of $72,509.

Key Details

• Transaction date: June 11, 2026; Form 4 filed June 12, 2026 (timely filing).
• Option exercise: 50,000 shares exercised at $14.74 (total exercise cost shown $737,000) — Transaction code M.
• Shares surrendered for exercise price / tax withholding: 45,684 shares at $16.80 (value $767,491) — Transaction code F (shares delivered to issuer to pay exercise price and applicable withholding).
• Open-market sale: 4,316 shares at $16.80 (proceeds $72,509) — Transaction code S.
• Shares owned after the transactions: not specified in the filing.
• Relevant footnotes: F1/F3 confirm these shares resulted from option exercise and that shares were delivered to the issuer to cover exercise price and withholding; additional footnotes list prior option and RSU/PSU grants and vesting schedules (historical awards noted in F5, F12 and RSU/PSU details in F7–F11, F6, F8).

Context
This was effectively a cashless exercise: Weil exercised options to acquire shares, then surrendered most of those shares to cover the exercise cost and tax withholding, with a small number sold in the open market for cash. That pattern (exercise + sell-to-cover) is a routine post-exercise tax settlement and not an outright discretionary sale of previously owned shares. The filing includes multiple footnotes describing outstanding option and restricted stock unit grants and their vesting schedules.