Banking
TFS Financial Executive Compensation (FY25)
TFSL · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025 ◇ Marc Stefanski | Latest say-on-pay support = February 26, 2026 | Chief executive pay ratio ◇ To the median employee |
Velarion Member: every covered company in Banking, with dashboards, peer screens and board-ready briefs. Three seats, one year.
The paid brief on TFS Financial
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
Data as of October 22, 2026Latest filing (8-K): February 26, 2026
7 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Velarion Member, one year
303 figures on this page: 300 cited to the filing that reported them, 3 calculated from figures it prints. See the citations
More on TFS Financial
Five data products on this company. Each one is requested through the developer setup page.
- Peer Disclosure Audit$5The comparison companies this board named, each one tied to the filing that lists it.How to get Peer Disclosure Audit
- Governance Provisions PullfreeThe governance provisions as the proxy states them: board leadership, committee membership, and shareholder rights.How to get Governance Provisions Pull
- Say-on-Pay Risk Signal$9A risk band for the next say-on-pay vote, with the support history and the peer comparison behind it.How to get Say-on-Pay Risk Signal
- NEO Comp Report$24Every named executive officer’s pay by element and year, with the citation behind each figure.How to get NEO Comp Report
- Board Comp Report$24What each non-employee director was paid, the standing fee schedule, and the equity each one holds at year end.How to get Board Comp Report
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Marc Stefanski: $4,650,050 → $5,208,728 (12.0% higher)
Say-on-pay support: 92.3% → 92.7% (0.4 points higher)
CEO pay ratio: 64:1 → 70:1 (9.4% higher)
Frequently asked questions
Answers drawn from the data on this page.
Who is TFS Financial's chief executive and what were they paid?
Marc Stefanski, Chair of the Board, President and Chief Executive Officer, received $5,208,728 in total compensation for fiscal 2025. Compared with the $4,650,050 reported for fiscal 2024, Stefanski's total was 12.0% higher.
What was TFS Financial's say-on-pay result?
The say-on-pay proposal drew 92.7% of votes cast for or against in favor at the meeting held February 26, 2026 for fiscal 2025.
Which companies are in TFS Financial's peer group?
The disclosed peer group names Axos Financial, Inc., Bank of Hawaii Corporation, BankUnited, Inc., Brookline Bancorp, Inc. and Capitol Federal Financial, Inc., among others.
What is TFS Financial's chief executive pay ratio?
For fiscal 2025, the company reported a chief executive pay ratio of 70:1, against median employee compensation of $74,055.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Marc Stefanski President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Meredith Weil Chief Operating Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Cathy Zbanek Chief Synergy Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Andrew Rubino Chief Information Officer | ◇ | ◇ | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Timothy Mulhern Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Paul Huml Former Chief Financial Officer Departed during or after this year | ◇ | — | — | — | — | ◇ | ◇ | ◇ |
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Marc Stefanski President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Meredith Weil Chief Financial Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Cathy Zbanek Chief Synergy Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Andrew Rubino Chief Operating Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Bradley Stefanski Chief Strategy Officer | ◇ | ◇ | — | — | — | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Marc Stefanski Chair of the Board, President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Meredith Weil Chief Financial Officer, Secretary and Treasurer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Cathy Zbanek Vice President of the Company and Chief Synergy Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Andrew Rubino Vice President of the Company and Chief Information Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Timothy Mulhern Vice President of the Company and Chief Innovation Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Bradley Stefanski Chief Strategy Officer | ◇ | ◇ | ◇ | — | — | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Marc Stefanski Chair of the Board, President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Meredith Weil Chief Financial Officer, Secretary and Treasurer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Cathy Zbanek Vice President of the Company and Chief Synergy Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Andrew Rubino Vice President of the Company and Chief Operating Officer | ◇ | — | ◇ | — | ◇ | ◇ | ◇ | ◇ |
Bradley Stefanski Vice President of the Company and Chief Strategy Officer | ◇ | ◇ | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| Andrew J. Rubino | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Andrew J. Rubino | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Bradley T. Stefanski | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Bradley T. Stefanski | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Cathy W. Zbanek | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Cathy W. Zbanek | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Marc A. Stefanski | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Marc A. Stefanski | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| Meredith S. Weil | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| Meredith S. Weil | RSU | ◇ | — | — | ◇ | — | — | ◇ |
Fiscal 2022, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Bradley Stefanski | PSU | ◇ | ◇ | — | — |
| Option | ◇ | — | ◇ | 1/5/2028 | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Cathy Zbanek | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 1/5/2028 | |
| Option | ◇ | — | ◇ | 12/15/2026 | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 12/17/2025 | |
| Meredith Weil | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 1/5/2028 | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 12/17/2025 | |
| Option | ◇ | — | ◇ | 12/15/2026 | |
| RSU | ◇ | ◇ | — | — | |
| Marc Stefanski | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 12/17/2025 | |
| RSU | ◇ | ◇ | — | — | |
| Andrew Rubino | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Option | ◇ | — | ◇ | 1/5/2028 | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Severance and change in control
The terms as written in the agreements.
Andrew Rubino
Vice President of the Company and Chief Operating Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Equity acceleration on change in control | ◇ |
Bradley Stefanski
Chief Strategy Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Equity acceleration on change in control | ◇ |
Cathy Zbanek
Vice President of the Company and Chief Synergy Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Equity acceleration on change in control | ◇ |
Marc Stefanski
Chief Executive Officer · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Equity acceleration on change in control | ◇ |
Meredith Weil
Chief Financial Officer, Secretary and Treasurer · Terms as described in the company’s compensation discussion · citing a 2026 filing
| Equity acceleration on change in control | ◇ |
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Terrence L. Bauer | ◇ | ◇ | — | — | — | ◇ | ◇ |
Ashley H. Williams | ◇ | ◇ | — | — | — | ◇ | ◇ |
William C. Mulligan | ◇ | ◇ | — | — | — | ◇ | ◇ |
Robert A. Fiala | ◇ | ◇ | — | — | — | ◇ | ◇ |
John P. Ringenbach | ◇ | ◇ | — | — | — | ◇ | ◇ |
Terrence R. Ozan | ◇ | ◇ | — | — | — | ◇ | ◇ |
Daniel F. Weir | ◇ | ◇ | — | — | — | ◇ | ◇ |
Martin J. Cohen | ◇ | ◇ | — | — | — | ◇ | ◇ |
Anthony J. Asher | ◇ | ◇ | — | — | — | ◇ | ◇ |
Barbara J. Anderson | ◇ | ◇ | — | — | — | ◇ | ◇ |
Marc A. Stefanski and Meredith S. Weil served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Audit committee chair | ◇ |
| Compensation committee chair | ◇ |
| Committee meeting fee | ◇ |
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Axos Financial, Inc. AX
- Bank of Hawaii Corporation BOH
- BankUnited, Inc. BKU
- Brookline Bancorp, Inc. BRKL
- Capitol Federal Financial, Inc. CFFN
- Cathay General Bancorp CATY
- Community Financial System, Inc. CBU
- CVB Financial Corp. CVBF
- Dime Community Bancshares, Inc. DCOM
- Eagle Bancorp, Inc. EGBN
- First BanCorp. FBNC
- Fulton Financial Corporation FULT
- Hancock Whitney Corporation HWC
- Home Bancshares, Inc. HOMB
- Independent Bank Corp. INDB
- International Bancshares Corporation IBOC
- Mr. Cooper Group Inc. symbol not shown
- Northwest Bancshares, Inc. NWBI
- OceanFirst Financial Corp. OCFC
- Onity Group Inc. ONIT
- Provident Financial Services, Inc. PFS
- Trustmark Corporation TRMK
- WaFd, Inc. WAFD
- WSFS Financial Corporation WSFS
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | February 26, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | February 20, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | February 22, 2024 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
Velarion Pro: every company page, peer tools and exports, one seat
One seat, one person. It opens the whole platform: the peer tools, the written analysis and the exports, on every company we cover. Join the list and you will hear from us when it opens.
Ask our research desk — $99, 24h, every figure cited to its filing.
Sample answer — “What is the CEO’s total compensation?”
- Marc Stefanski (Chair of the Board, President and Chief Executive Officer), FY2025 total compensation $5,208,728 (base salary $1,500,000) [exec_comp, SEC accession 0001381668-26-000002, filed 2026-01-14]What this page does not include
Everything above is a fact TFS Financial disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where TFS Financial sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Inquire about accessMultiple companies at once
Cross-company views, cohort screens, and data export across the industries we cover. This page is one company; the platform is all of them.
Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
303 figures on this page: 300 cited to the filing that reported them, 3 calculated from figures it prints.
300 cited to the filing
3 calculated from the filing
Documents cited
- 0001381668-26-000016
- 0001381668-26-000002Compensation Discussion and Analysis · DIRECTOR COMPENSATION · Director Compensation · Outstanding Equity Awards at Fiscal 2025 Year-End · and 2 more sections
- 0001381668-25-000019
- 0001381668-25-000002Summary Compensation Table
- 0001381668-24-000027
- 0001381668-24-000007Summary Compensation Table
- 0001381668-23-000006
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “TFS Financial executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/TFSL (accessed 2026).
Short form: data: Velarion
The paid brief for TFS Financial
Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
7 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
Embed this data
A small, cited view of this data for your own page or newsletter. Every embed carries a visible link back here, so the attribution travels with it.
The headline figures, each with its citation.
Connect an AI assistant
Ask your own assistant about TFS Financial and roughly 3,000 other US public companies, and get back the same figures on this page with the same citations. Free read access, no account. Add this to your assistant's connector settings.
Peers TFS Financial discloses
The companies named in TFSL's own disclosed peer group.
Axos Financial, Inc.Bank of Hawaii CorporationBankUnited, Inc.Brookline Bancorp, Inc.Capitol Federal Financial, Inc.Cathay General BancorpCommunity Financial System, Inc.CVB Financial Corp.Dime Community Bancshares, Inc.Eagle Bancorp, Inc.First BanCorp.Fulton Financial CorporationHancock Whitney CorporationHome Bancshares, Inc.Independent Bank Corp.International Bancshares CorporationNorthwest Bancshares, Inc.OceanFirst Financial Corp.Onity Group Inc.Provident Financial Services, Inc.Trustmark CorporationWaFd, Inc.WSFS Financial Corporation
Terms on this page
Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}