Paul J. Huml - Aug 12, 2021 Form 4 Insider Report for TFS Financial CORP (TFSL)

Role
Chief Financial Officer
Signature
Paul J. Huml
Stock symbol
TFSL
Transactions as of
Aug 12, 2021
Transactions value $
-$1,583,536
Form type
4
Date filed
8/16/2021, 03:04 PM
Next filing
Dec 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TFSL Common Stock Options Exercise $1.16M +78.3K +131.5% $14.81 138K Aug 12, 2021 Direct
transaction TFSL Common Stock Tax liability -$1.36M -67K -48.61% $20.26 70.8K Aug 12, 2021 Direct F1, F2
transaction TFSL Common Stock Sale -$226K -11.3K -15.94% $20.01 59.5K Aug 12, 2021 Direct F2
holding TFSL Common Stock 10.7K Aug 12, 2021 ESOP F3
holding TFSL Common Stock 48.3K Aug 12, 2021 By 401(k) F3
holding TFSL Common Stock 4.7K Aug 12, 2021 By Spouse's Ira
holding TFSL Common Stock 2K Aug 12, 2021 Child 2

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 Employee Stock Option (right to buy) Options Exercise -$1.16M -78.3K -100% $14.81 0 Aug 12, 2021 Common Stock 78.3K $14.81 Direct F11
holding TFSL Performance Restricted Share Units 12.5K Aug 12, 2021 Common Stock 12.5K Direct F4, F5
holding TFSL Restricted Stock Units 2.46K Aug 12, 2021 Common Stock 2.46K Direct F4, F6
holding TFSL Restricted Stock Units 3.99K Aug 12, 2021 Common Stock 3.99K Direct F4, F7
holding TFSL Restricted Stock Units 7.28K Aug 12, 2021 Common Stock 7.28K Direct F4, F8
holding TFSL Employee Stock Option (right to buy) 32.4K Aug 12, 2021 Common Stock 32.4K $14.85 Direct F9
holding TFSL Employee Stock Option (right to buy) 156K Aug 12, 2021 Common Stock 156K $14.74 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares of common stock delivered to the issuer in payment by the reporting person of the options exercise price and withholding tax. This transaction is exempt under Rule 16b-3(e).
F2 Shares are held with shared voting power with spouse.
F3 Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
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 November 24, 2020, the reporting person achieved performance level of 112.5% on a target award of 11,900 Performance Share Units ("PSUs"), resulting in a total earned award of 13,388 shares. This represents the final determination of a December 20, 2018 award that was dependent on certain performance results during the two fiscal year period ended September 30, 2020. 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, 2021.
F6 As reported on a Form 4 dated December 20, 2018, the reporting person received a grant of 7,900 Restricted Stock Units ("RSUs"). These RSUs vest in three equal annual installments beginning December 10, 2019.
F7 As reported on a Form 4 dated December 19, 2019, the reporting person received a grant of 6,400 Restricted Stock Units ("RSUs"). These RSUs vest in three equal annual installments beginning December 10, 2020.
F8 On December 17, 2020, the reporting person received a grant of 7,400 Restricted Stock Units ("RSUs"). These RSUs vest in three equal annual installments beginning December 10, 2021.
F9 As reported on a Form 4 dated December 19, 2014, the reporting person received a grant of 32,400 stock options. These stock options vest in three equal annual installments beginning December 10, 2015.
F10 As reported on a Form 4 dated January 8, 2018, the reporting person received a grant of 156,300 stock options. These stock options vest in three equal annual installments beginning December 10, 2018.
F11 As reported on a Form 4 dated May 29, 2015, the reporting person received a grant of 108,300 stock options on May 28, 2015. These stock options vest in five equal annual installments beginning May 28, 2016.