Paul J. Huml - 10 Dec 2021 Form 4 Insider Report for TFS Financial CORP (TFSL)

Role
Chief Financial Officer
Signature
Paul J. Huml
Issuer symbol
TFSL
Transactions as of
10 Dec 2021
Net transactions value
-$146,882
Form type
4
Filing time
14 Dec 2021, 16:10:38 UTC
Previous filing
16 Aug 2021
Next filing
18 Jan 2022
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 +12,516 +21% $0.000000 72,060 10 Dec 2021 Direct F1
transaction TFSL Common Stock Options Exercise $0 +2,462 +3.4% $0.000000 74,522 10 Dec 2021 Direct F2
transaction TFSL Common Stock Options Exercise $0 +1,994 +2.7% $0.000000 76,516 10 Dec 2021 Direct F2
transaction TFSL Common Stock Options Exercise $0 +2,345 +3.1% $0.000000 78,861 10 Dec 2021 Direct F2
transaction TFSL Common Stock Tax liability $146,882 -8,115 -10% $18.10 70,746 10 Dec 2021 Direct F3, F4
holding TFSL Common Stock 10,860 10 Dec 2021 ESOP F5
holding TFSL Common Stock 48,988 10 Dec 2021 By 401(k) F5
holding TFSL Common Stock 4,700 10 Dec 2021 By Spouse's Ira
holding TFSL Common Stock 2,000 10 Dec 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 Performance Restricted Share Units Options Exercise $0 -12,516 -100% $0.000000* 0 10 Dec 2021 Common Stock 12,516 Direct F6, F7
transaction TFSL Performance Restricted Share Units Award $0 +10,800 $0.000000 10,800 10 Dec 2021 Common Stock 10,800 Direct F6, F8
transaction TFSL Restricted Stock Units Options Exercise $0 -2,462 -100% $0.000000* 0 10 Dec 2021 Common Stock 2,462 Direct F6, F9
transaction TFSL Restricted Stock Units Options Exercise $0 -1,994 -50% $0.000000 1,995 10 Dec 2021 Common Stock 1,994 Direct F6, F10
transaction TFSL Restricted Stock Units Options Exercise $0 -2,345 -32% $0.000000 4,934 10 Dec 2021 Common Stock 2,345 Direct F6, F11
holding TFSL Employee Stock Option (right to buy) 32,400 10 Dec 2021 Common Stock 32,400 $14.85 Direct F12
holding TFSL Employee Stock Option (right to buy) 156,300 10 Dec 2021 Common Stock 156,300 $14.74 Direct F13
* 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 Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
F6 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.
F7 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. 872 shares were previously withheld for taxes.
F8 On December 10, 2021, the reporting person achieved performance level of 112.5% on a target award of 9,600 Performance Share Units ("PSUs"), resulting in a total earned award of 10,800 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.
F9 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.
F10 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.
F11 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.
F12 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.
F13 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.