Patrick Douglas Pierce - 06 Mar 2023 Form 4 Insider Report for COMMUNITY FINANCIAL CORP /MD/

Role: EVP & CLO of Subsidiary
Signature: /s/ Patrick Douglas Pierce
Issuer symbol: N/A
Transactions as of: 06 Mar 2023
Net transactions value: $0
Form type: 4
Filing time: 08 Mar 2023, 16:12:43 UTC
Previous filing: 14 Feb 2022
Next filing: 03 Jul 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TCFC	Common Stock	Award	$0	+555	+5.4%	$0.000000	10,913	06 Mar 2023	Direct	F1, F2
transaction	TCFC	Common Stock	Award	$0	+319		$0.000000	319	06 Mar 2023	By Restricted Stock Units VI	F3
transaction	TCFC	Common Stock	Award	$0	+627		$0.000000	627	06 Mar 2023	By Restricted Stock Units VII	F3
holding	TCFC	Common Stock						1,926	06 Mar 2023	By ESOP	F4
holding	TCFC	Common Stock						159	06 Mar 2023	By Restricted Stock Units	F5
holding	TCFC	Common Stock						167	06 Mar 2023	By Restricted Stock Units II	F6
holding	TCFC	Common Stock						159	06 Mar 2023	By Restricted Stock Units III	F7
holding	TCFC	Common Stock						361	06 Mar 2023	By Restricted Stock Units IV	F8
holding	TCFC	Common Stock						202	06 Mar 2023	By Restricted Stock Units V	F9

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On August 20, 2020, the reporting person was granted performance share units ("PSUs") which would vest upon the achievement of certain performance goals. On March 6, 2023, the Compensation Committee of The Community Financial Corporation's Board of Directors determined that the performance goals had been satisfied, resulting in the vesting of the PSUs on March 6, 2023.
F2	The number of shares held directly includes certain shares that were previously held by restricted stock and restricted stock units which have subsequently vested. The amount held directly also reflects an increase in beneficial ownership resulting from an exempt acquisition of common stock under The Community Financial Corporation Dividend Reinvestment Plan pursuant to Rule 16a-11.
F3	Represents restricted stock units that vest in 3 annual installments beginning on March 6, 2024, the first anniversary of the date of the award. Each restricted stock unit represents a contingent right to receive one share of The Community Financial Corporation common stock.
F4	This form reflects an increase in beneficial ownership resulting from an exempt acquisition pursuant to Rule 16b-3(c).
F5	Represents restricted stock units that vest in 3 annual installments beginning on August 20, 2021, the first anniversary of the date of the award. Each restricted stock unit represents a contingent right to receive one share of The Community Financial Corporation common stock.
F6	Represents restricted stock units that vest in 3 annual installments beginning on December 17, 2021, the first anniversary of the date of the award. Each restricted stock unit represents a contingent right to receive one share of The Community Financial Corporation common stock.
F7	Represents restricted stock units that vest in 3 annual installments beginning on February 4, 2022, the first anniversary of the date of the award. Each restricted stock unit represents a contingent right to receive one share of The Community Financial Corporation common stock.
F8	Represents restricted stock units that vest in 3 annual installments beginning on November 30, 2022, the first anniversary of the date of the award. Each restricted stock unit represents a contingent right to receive one share of The Community Financial Corporation common stock.
F9	Represents restricted stock units that vest in 3 annual installments beginning on February 10, 2023, the first anniversary of the date of the award. Each restricted stock unit represents a contingent right to receive one share of The Community Financial Corporation common stock.