Stefanski Gavin B 4
4 · TFS Financial CORP · Filed Feb 23, 2026
Research Summary
AI-generated summary of this filing
TFS Financial (TFSL) CEXO Gavin Stefanski Sells 7,000 Shares
What Happened
Gavin Stefanski, Chief Experience Officer of TFS Financial Corporation (TFSL), sold 7,000 shares on February 20, 2026 at $14.97 per share, generating proceeds of $104,790. The Form 4 lists the transaction as a sale (code S) via an "open market or private sale."
Key Details
- Transaction date and price: 2026-02-20 at $14.97 per share.
- Shares sold: 7,000; Proceeds: $104,790.
- Shares owned after transaction: Not specified in the provided filing.
- Transaction code: S (Sale). Type indicated: "open market or private sale."
- Filing timeliness: No late filing was indicated in the provided record.
- Footnotes of note:
- F1: Some transactions may be exempt from Section 16 reporting.
- F2–F5: The reporting person holds multiple restricted stock unit (RSU) grants (grants dated 12/19/2024, 12/18/2025, 3/4/2024) with staggered vesting schedules—RSUs convert to shares upon vesting and carry dividend-equivalent cash rights.
- F6: The reporting person received stock options on 4/2/2018 that fully vested on 12/10/2020.
Context
This filing documents a sale of existing shares. Sales by executives are common for liquidity, tax or diversification reasons and do not by themselves indicate the insider’s view of the company’s prospects. The filer also holds RSUs and vested options with future or past vesting dates (see footnotes), which are separate from this disposition.
Insider Transaction Report
- Sale
Common Stock
2026-02-20$14.97/sh−7,000$104,790→ 25,766 total(indirect: By Trust)
- 775
Common Stock
- 3,729(indirect: ESOP)
Common Stock
[F1] - 8,600
Restricted Stock Units
[F2][F3]→ Common Stock (8,600 underlying) - 2,867
Restricted Stock Units
[F2][F4]→ Common Stock (2,867 underlying) - 15,000
Restricted Stock Units
[F2][F5]→ Common Stock (15,000 underlying) - 5,000
Employee Stock Option (right to buy)
[F6]Exercise: $14.62Exp: 2028-01-05→ Common Stock (5,000 underlying)
Footnotes (6)
- [F1]Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
- [F2]Each restricted stock unit represents a contingent right to receive one share of TFS Financial Corporation common stock. Restricted 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.
- [F3]On December 18, 2025, the reporting person received a grant of 8,600 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2026.
- [F4]On December 19, 2024, the reporting person received a grant of 4,300 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2025.
- [F5]On March 4, 2024, the reporting person received a grant of 15,000 Restricted Stock Units (RSUs). These RSUs fully vest on December 10, 2026.
- [F6]On April 2, 2018, the reporting person received 5,000 stock options. These options fully vest on December 10, 2020.