Marc A. Stefanski - May 14, 2021 Form 4 Insider Report for TFS Financial CORP (TFSL)

Role
Chairman, President and CEO, Director
Signature
/s/ Paul J. Huml, Pursuant to Power of Attorney
Stock symbol
TFSL
Transactions as of
May 14, 2021
Transactions value $
$0
Form type
4
Date filed
9/15/2021, 04:11 PM
Next filing
Aug 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TFSL Common Stock Other $76K +3.45K +1.85% $22.03 190K May 14, 2021 Direct F1
transaction TFSL Common Stock Other -$76K -3.45K -5.4% $22.03 60.4K May 14, 2021 Trust Beneficiary F1
holding TFSL Common Stock 8K May 14, 2021 By Spouse
holding TFSL Common Stock 98.8K May 14, 2021 By 401(k) F2
holding TFSL Common Stock 9.07K May 14, 2021 BY ESOP F2
holding TFSL Common Stock 116K May 14, 2021 Trustee for sibling trust
holding TFSL Common Stock 16.2K May 14, 2021 Trustee for daughter's trust
holding TFSL Common Stock 7.2K May 14, 2021 POA on siblings IRA

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
holding TFSL Performance Restricted Share Units 17.6K May 14, 2021 Common Stock 17.6K Direct F3, F4
holding TFSL Restricted Stock Units 693K May 14, 2021 Common Stock 693K Direct F3, F5
holding TFSL Restricted Stock Units 35.7K May 14, 2021 Common Stock 35.7K Direct F3, F6
holding TFSL Restricted Stock Units 33.4K May 14, 2021 Common Stock 33.4K Direct F3, F7
holding TFSL Restricted Stock Units 32.3K May 14, 2021 Common Stock 32.3K Direct F3, F8
holding TFSL Restricted Stock Units 18.6K May 14, 2021 Common Stock 18.6K Direct F3, F9
holding TFSL Restricted Stock Units 11.6K May 14, 2021 Common Stock 11.6K Direct F3, F10
holding TFSL Employee Stock Option (right to buy) 197K May 14, 2021 Common Stock 197K $19.06 Direct F11
holding TFSL Employee Stock Option (right to buy) 287K May 14, 2021 Common Stock 287K $11.64 Direct F12
holding TFSL Employee Stock Option (right to buy) 384K May 14, 2021 Common Stock 384K $14.85 Direct F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reporting person transferred 3,449 shares from an indirect beneficiary account to a direct ownership account.
F2 Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
F3 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.
F4 On November 24, 2020, the reporting person achieved performance level of 112.5% on a target award of 15,600 Performance Share Units ("PSUs"), resulting in a total earned award of 17,550 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.
F5 As reported on a Form 4 dated August 13, 2008, the Reporting Person received a grant of 701,800 Restricted Stock Units ("RSUs") on August 11, 2008. These RSUs vest 10% on each of the third through the ninth anniversaries of the date of the grant and 30% on the tenth anniversary of the date of the grant. Vested shares may be distributed to the Reporting Person only after the person's termination of employment from TFS Financial Corporation. A total of 8,752 shares were delivered to the issuer to pay for the applicable withholding tax due upon vesting.
F6 As reported on a Form 4 dated May 18, 2010, the Reporting Person received a grant of 35,700 restricted stock units that vest in four equal installments beginning on May 14, 2011. Vested shares may be distributed to the Reporting Person only after that person's termination of employment with TFS Financial Corporation.
F7 As reported on a Form 4 dated May 14, 2009, the reporting person received a grant of 33,400 stock units that vest in four equal annual installments beginning on May 12, 2010. Vested shares may be distributed to the reporting person only after the person's termination of employment with TFS Financial Corporation.
F8 On December 17, 2020, the reporting person received a grant of 32,300 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, 2019, the reporting person received a grant of 27,900 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2020
F10 On December 20, 2018, the reporting person received a grant of 34,800 Restricted Stock Units ("RSUs"). These RSUs vest in three equal annual installments beginning December 10, 2019.
F11 As reported on a Form 4 dated December 17, 2015, the reporting person received a grant of 196,700 stock options. These stock options vest in three equal annual installments beginning December 10, 2016.
F12 As reported on a Form 4 dated December 12, 2013, the reporting person received a grant of 286,500 stock options. These stock options vest in three equal installments beginning December 3, 2014.
F13 As reported on a Form 4 dated December 19, 2014, the reporting person received a grants of 383,600 stock options. These options vest in three equal annual installments beginning December 10, 2015.