Timothy W. Mulhern - 25 Nov 2025 Form 4 Insider Report for TFS Financial CORP (TFSL)

Signature
/s/ Susanne N. Miller, Pursuant to Power of Attorney
Issuer symbol
TFSL
Transactions as of
25 Nov 2025
Net transactions value
$0
Form type
4
Filing time
26 Nov 2025, 10:10:53 UTC
Previous filing
12 Dec 2024
Next filing
12 Dec 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Mulhern Timothy W Chief Innovation Officer 7007 BROADWAY AVENUE, CLEVELAND /s/ Susanne N. Miller, Pursuant to Power of Attorney 26 Nov 2025 0001899371

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TFSL Common Stock 14,413 25 Nov 2025 Direct
holding TFSL Common Stock 16,742 25 Nov 2025 ESOP F1
holding TFSL Common Stock 9,177 25 Nov 2025 401k F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction TFSL Performance Restricted Share Units Award $0 +5,700 $0.000000 5,700 25 Nov 2025 Common Stock 5,700 Direct F2, F3
holding TFSL Restricted Stock Units 2,134 25 Nov 2025 Common Stock 2,134 Direct F4, F5
holding TFSL Restricted Stock Units 4,334 25 Nov 2025 Common Stock 4,334 Direct F4, F6
holding TFSL Performance Restricted Share Units 8,730 25 Nov 2025 Common Stock 8,730 Direct F4, F7
holding TFSL Employee Stock Option (right to buy) 5,000 25 Nov 2025 Common Stock 5,000 $14.74 Direct F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
F2 Each restricted and performance stock unit represents a contingent right to receive one share of TFS Financial Corporation common stock. Restricted and performance 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 November 25, 2025, the reporting person achieved performance level of 100% on a target award of 5,700 Performance Share Units ("PSUs"), resulting in a total earned award of 5,700 shares. This represents the final determination a March 4, 2024 award that was dependent on certain performance results during the two fiscal year period ended September 30, 2025. Each PSU represents a contingent right to receive one share of TFS Financial Corporation common stock and 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 during the period the award was outstanding. The shares and dividend equivalent payment will vest and distribute to the reporting person on December 10, 2026.
F4 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.
F5 On December 15, 2022, the reporting person received a grant of 6,400 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2023.
F6 On March 4, 2024, the reporting person received a grant of 6,500 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2024.
F7 On November 21, 2024, the reporting person achieved performance level of 90.0% on a target award of 9,700 Performance Share Units ("PSUs"), resulting in a total earned award of 8,730 shares. This represents the final determination a December 15, 2022 award that was dependent on certain performance results during the two fiscal year period ended September 30, 2024. Each PSU represents a contingent right to receive one share of TFS Financial Corporation common stock and 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 during the period the award was outstanding. The shares and dividend equivalent payment will vest and distribute to the reporting person on December 10, 2025.
F8 On January 5, 2018, the reporting person received a grant of 5,000 stock options. These options fully vest on December 10, 2020.