Cathy W. Zbanek - Dec 10, 2021 Form 4 Insider Report for TFS Financial CORP (TFSL)

Role
Chief Synergy Officer
Signature
/s/ Paul J. Huml, Pursuant to Power of Attorney
Stock symbol
TFSL
Transactions as of
Dec 10, 2021
Transactions value $
-$222,087
Form type
4
Date filed
12/14/2021, 02:35 PM
Next filing
Dec 20, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TFSL Common Stock Options Exercise $0 +17K +26.26% $0.00 81.7K Dec 10, 2021 Direct F1
transaction TFSL Common Stock Options Exercise $0 +3.37K +4.12% $0.00 85K Dec 10, 2021 Direct F2
transaction TFSL Common Stock Options Exercise $0 +2.7K +3.17% $0.00 87.7K Dec 10, 2021 Direct F2
transaction TFSL Common Stock Options Exercise $0 +3.13K +3.57% $0.00 90.9K Dec 10, 2021 Direct F2
transaction TFSL Common Stock Tax liability -$222K -12.3K -13.5% $18.10 78.6K Dec 10, 2021 Direct F3
holding TFSL Common Stock 9.87K Dec 10, 2021 By ESOP F4
holding TFSL Common Stock 5.35K Dec 10, 2021 By 401(k) F4

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 Options Exercise $0 -17K -100% $0.00* 0 Dec 10, 2021 Common Stock 17K Direct F5, F6
transaction TFSL Performance Restricted Share Units Award $0 +13.6K $0.00 13.6K Dec 10, 2021 Common Stock 13.6K Direct F5, F7
transaction TFSL Restricted Stock Units Options Exercise $0 -3.37K -100% $0.00* 0 Dec 10, 2021 Common Stock 3.37K Direct F5, F8
transaction TFSL Restricted Stock Units Options Exercise $0 -2.7K -50% $0.00 2.7K Dec 10, 2021 Common Stock 2.7K Direct F5, F9
transaction TFSL Restricted Stock Units Options Exercise $0 -3.13K -33.33% $0.00 6.27K Dec 10, 2021 Common Stock 3.13K Direct F5, F10
holding TFSL Employee Stock Option (right to buy) 188K Dec 10, 2021 Common Stock 188K $14.74 Direct F11
holding TFSL Employee Stock Option (right to buy) 108K Dec 10, 2021 Common Stock 108K $14.81 Direct F12
holding TFSL Employee Stock Option (right to buy) 79.4K Dec 10, 2021 Common Stock 79.4K $19.31 Direct F13
holding TFSL Employee Stock Option (right to buy) 49.2K Dec 10, 2021 Common Stock 49.2K $19.06 Direct F14
holding TFSL Employee Stock Option (right to buy) 32.4K Dec 10, 2021 Common Stock 32.4K $14.85 Direct F15
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 These common shares were acquired upon the vesting and settlement of certain Performance Share Units (PSUs).
F2 These common shares were acquired upon the vesting and settlement of certain restricted stock units (RSUs).
F3 These common shares were delivered to the issuer to pay for the applicable withholding tax due upon vesting of certain restricted stock units.
F4 Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
F5 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.
F6 On November 24, 2020, the reporting person achieved performance level of 112.5% on a target award of 15,100 Performance Share Units ("PSUs"), resulting in a total earned award of 16,988 shares. This represents the final determination 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.
F7 On December 10, 2021, the reporting person achieved performance level of 112.5% on a target award of 12,100 Performance Share Units ("PSUs"), resulting in a total earned award of 13,613 shares. This represents the final determination a December 19, 2019 award that was dependent on certain performance results during the two fiscal year period ended September 30, 2021. 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, 2022.
F8 On December 20, 2018, the reporting person received a grant of 10,100 Restricted Stock Units ("RSUs"). These RSUs vest in three equal annual installments beginning December 10, 2019.
F9 As reported on a Form 4 dated December 19, 2019, the reporting person received a grant of 8,100 restricted stock units. These restricted stock units vest in three equal installments beginning December 10, 2020.
F10 On December 17, 2020, the reporting person received a grant of 9,400 Restricted Stock Units ("RSUs"). These RSUs vest in three equal annual installments beginning December 10, 2021.
F11 As reported on a Form 4 dated January 8, 2018, the reporting person received a grant of 187,500 stock options. These stock options vest in three equal annual installments beginning December 10, 2018.
F12 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.
F13 As reported on a Form 4 dated December 15, 2016, the reporting person received a grant of 79,400 stock options. These stock options vest in three equal annual installments beginning December 10, 2017.
F14 As reported on a Form 4 dated December 17, 2015, the reporting person received a grant of 49,200 stock options on December 15, 2015. These stock options vest in three equal annual installments beginning December 10, 2016.
F15 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.