Zbanek Cathy W 4

What Happened Cathy W. Zbanek, Chief Synergy Officer of TFS Financial Corporation (TFSL), exercised 67,500 stock options on June 15, 2026. The exercise is reported as 67,500 shares @ $14.74 (reported value $994,950). To cover the options’ exercise price and withholding tax, 61,334 of the resulting shares were delivered back to the issuer (reported as disposed) at a reported value of $16.92 per share (value $1,037,771). After the withholding, approximately 6,166 shares were issued to Ms. Zbanek (67,500 exercised minus 61,334 withheld).

Key Details

• Transaction date: 2026-06-15; Form 4 filed 2026-06-16 (timely filing).
• Option exercise: 67,500 shares @ $14.74 — reported amount $994,950.
• Shares withheld to pay exercise price/taxes: 61,334 shares @ $16.92 — reported amount $1,037,771.
• Net shares issued to insider (approx.): 6,166 shares retained after withholding.
• Shares owned after transaction: not specified in the provided filing summary.
• Relevant footnotes: F1 (shares acquired on exercise); F2 (shares delivered to issuer to pay exercise price and withholding); F10 & F4 reference the original option grants (2016 and 2018) and vesting schedules.

Context This was a routine option exercise with shares withheld to cover the exercise cost and tax withholding (a cashless-type settlement), which is common and does not necessarily signal a change in the insider’s view of the company. The filing shows both the exercise (derivative conversion) and the share delivery to the issuer for payment of exercise price/taxes. No late filing was indicated in the provided data.