TFS Financial CFO Meredith S. Weil Exercises Options, Sells Shares

What Happened

• Meredith S. Weil, Chief Financial Officer of TFS Financial Corporation (TFSL), exercised 52,793 stock options on 2026-09-03. The exercise generated 52,793 common shares.
• Of those shares, 46,932 were delivered back to the issuer to cover the options' exercise price and applicable withholding taxes (value shown at $17.50/share, ~$821,310). An additional 5,861 shares were sold in the open market at $17.53/share, producing proceeds of approximately $102,743.
• The exercise reflected an option strike of $14.74 per share (52,793 shares × $14.74 = $778,169 reported on exercise). This pattern (exercising and surrendering shares to cover costs/taxes, plus selling a small number of shares) is a common cashless exercise / sell-to-cover transaction rather than a straight purchase.

Key Details

• Transaction date: 2026-09-03.
• Exercise: 52,793 shares at $14.74 (reported value $778,169).
• Shares surrendered for exercise/tax withholding: 46,932 shares at $17.50 (value shown $821,310).
• Open-market sale: 5,861 shares at $17.53 (proceeds ~$102,743).
• Footnotes: F1/F3 indicate shares were acquired on exercise and some were delivered to the issuer to pay the exercise price and withholding tax (i.e., a cashless/stock-surrender exercise). Other footnotes list historical RSU/option grants and vesting schedules (see F7–F12, F5, F8).
• Shares owned after the transaction: not specified in the provided excerpt.
• Filing timeliness: no late-filing flag indicated in the provided data.

Context

• This was primarily an option exercise with a sell-to-cover (cashless) component: options were converted into shares, many of which were surrendered to cover costs and taxes, and a smaller block was sold on the open market.
• Transactions coded: M = option exercise/conversion, F = delivery of shares to pay exercise price/taxes, S = open-market sale.
• Such sell-to-cover exercises are routine for option vesting/exercise events and do not by themselves indicate a change in insider sentiment.