Meredith S. Weil - 10 Dec 2021 Form 4 Insider Report for TFS Financial CORP (TFSL)

Role
Chief Operating Officer, Director
Signature
/s/ Paul J. Huml, Pursuant to Power of Attorney
Issuer symbol
TFSL
Transactions as of
10 Dec 2021
Net transactions value
-$214,992
Form type
4
Filing time
14 Dec 2021, 14:58:38 UTC
Next filing
20 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TFSL Common Stock Options Exercise $0 +16,988 +23% $0.000000 91,788 10 Dec 2021 Direct F1
transaction TFSL Common Stock Options Exercise $0 +3,367 +3.7% $0.000000 95,155 10 Dec 2021 Direct F2
transaction TFSL Common Stock Options Exercise $0 +2,700 +2.8% $0.000000 97,855 10 Dec 2021 Direct F2
transaction TFSL Common Stock Options Exercise $0 +3,133 +3.2% $0.000000 100,988 10 Dec 2021 Direct F2
transaction TFSL Common Stock Tax liability $214,992 -11,878 -12% $18.10 89,110 10 Dec 2021 Direct F3, F4
transaction TFSL Common Stock Gift $0 -4,720 -5.3% $0.000000 84,390 10 Dec 2021 Direct F4, F5
holding TFSL Common Stock 10,860 10 Dec 2021 BY ESOP F6
holding TFSL Common Stock 13,585 10 Dec 2021 By 401(k) F6

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 -16,988 -100% $0.000000* 0 10 Dec 2021 Common Stock 16,988 Direct F7, F8
transaction TFSL Performance Restricted Share Units Award $0 +13,613 $0.000000 $13,613 10 Dec 2021 Common Stock 13,613 Direct F7, F9
transaction TFSL Restricted Stock Units Options Exercise $0 -3,133 -33% $0.000000 6,267 10 Dec 2021 Common Stock 3,133 Direct F7, F10
transaction TFSL Restricted Stock Units Options Exercise $0 -2,700 -50% $0.000000 2,700 10 Dec 2021 Common Stock 2,700 Direct F7, F11
transaction TFSL Restricted Stock Units Options Exercise $0 -3,367 -100% $0.000000* 0 10 Dec 2021 Common Stock 3,367 Direct F7, F13
holding TFSL Restricted Stock Units 3,600 10 Dec 2021 Common Stock 3,600 Direct F7, F12
holding TFSL Employee Stock Option (right to buy) 187,500 10 Dec 2021 Common Stock 187,500 $14.74 Direct F14
holding TFSL Employee Stock Option (right to buy) 108,300 10 Dec 2021 Common Stock 108,300 $14.81 Direct F15
holding TFSL Employee Stock Option (right to buy) 54,400 10 Dec 2021 Common Stock 54,400 $19.31 Direct F16
holding TFSL Employee Stock Option (right to buy) 41,700 10 Dec 2021 Common Stock 41,700 $9.43 Direct F17
holding TFSL Employee Stock Option (right to buy) 32,400 10 Dec 2021 Common Stock 32,400 $14.85 Direct F18
holding TFSL Employee Stock Option (right to buy) 28,700 10 Dec 2021 Common Stock 28,700 $11.64 Direct F19
holding TFSL Employee Stock Option (right to buy) 24,200 10 Dec 2021 Common Stock 24,200 $19.06 Direct F20
* 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 Shares are held with shared voting power with spouse.
F5 On December 10, 2021, 4,720 shares were donated by the reporting person to the Cleveland Foundation
F6 Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
F7 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.
F8 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 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.
F9 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.
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 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.
F12 As reported on a Form 4 dated September 29, 2011, the reporting person received a grant of 3,600 restricted stock units that vest in four equal annual installments beginning May 14, 2011. Vested shares may be distributed to the Reporting Person only after that person's termination of employment with TFS Financial Corporation.
F13 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.
F14 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.
F15 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.
F16 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.
F17 The reporting person received a grant of 41,700 stock options on December 28, 2012. These stock options vest in three equal installments beginning December 15, 2013.
F18 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.
F19 As reported on a Form 4 dated December 12, 2013, the reporting person received a grant of 28,700 stock options on December 3, 2013. These stock options vest in three equal installments beginning December 3, 2014.
F20 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.