Weir Daniel F 4
Research Summary
AI-generated summary
TFS Financial Director Daniel Weir Buys 21,000 Shares
What Happened
Daniel F. Weir, a director of TFS Financial Corporation (TFSL), made an open-market purchase of 21,000 shares on May 12, 2026 at $14.91 per share, for a total purchase price of $313,110. This was a straight purchase (transaction code P), which is generally viewed as a direct acquisition of stock rather than a sale or grant.
Key Details
- Transaction date: May 12, 2026; Purchase price: $14.91 per share; Shares acquired: 21,000; Total value: $313,110.
- Transaction type: Open-market purchase (code P) — a buy signal (no inference about motives should be made).
- Filing: Report filed May 13, 2026 for a report period ending May 12, 2026 (filed promptly).
- Shares owned after transaction: Not specified in this Form 4 filing.
- Notable footnotes from the filing:
- F1: Each restricted stock unit (RSU) converts to one share and carries dividend-equivalent cash rights.
- F2: On Dec 18, 2025, Weir received 5,000 RSUs that fully vest Dec 10, 2026.
- F3: On Dec 15, 2022, Weir received 50,000 RSUs vesting 20% per year beginning Dec 10, 2023.
Context
- This transaction was a cash purchase of common stock on the open market. Such purchases are direct acquisitions and are often of interest to investors as a straightforward insider purchase.
- The RSU footnotes indicate additional equity compensation that will vest on schedules noted above; RSUs are not the same as purchased shares and may convert to shares in the future.