Marc A. Stefanski - 13 Dec 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
Issuer symbol
TFSL
Transactions as of
13 Dec 2021
Net transactions value
$0
Form type
4
Filing time
15 Dec 2021, 15:48:08 UTC
Previous filing
14 Dec 2021
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 Gift $0 -2,500 -1.1% $0.000000 217,996 13 Dec 2021 Direct
transaction TFSL Common Stock Gift $0 +2,500 +31% $0.000000 10,500 13 Dec 2021 By Spouse
holding TFSL Common Stock 60,371 13 Dec 2021 Trust Beneficiary
holding TFSL Common Stock 98,886 13 Dec 2021 By 401(k) F1
holding TFSL Common Stock 9,066 13 Dec 2021 BY ESOP F1
holding TFSL Common Stock 115,738 13 Dec 2021 Trustee for sibling trust
holding TFSL Common Stock 16,200 13 Dec 2021 Trustee for daughter's trust
holding TFSL Common Stock 7,200 13 Dec 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 14,063 13 Dec 2021 Common Stock 14,063 Direct F2, F3
holding TFSL Restricted Stock Units 693,048 13 Dec 2021 Common Stock 693,048 Direct F2, F4
holding TFSL Restricted Stock Units 35,700 13 Dec 2021 Common Stock 35,700 Direct F2, F5
holding TFSL Restricted Stock Units 33,400 13 Dec 2021 Common Stock 33,400 Direct F2, F6
holding TFSL Restricted Stock Units 21,534 13 Dec 2021 Common Stock 21,534 Direct F2, F7
holding TFSL Restricted Stock Units 9,300 13 Dec 2021 Common Stock 9,300 Direct F2, F8
holding TFSL Employee Stock Option (right to buy) 196,700 13 Dec 2021 Common Stock 196,700 $19.06 Direct F9
holding TFSL Employee Stock Option (right to buy) 286,500 13 Dec 2021 Common Stock 286,500 $11.64 Direct F10
holding TFSL Employee Stock Option (right to buy) 383,600 13 Dec 2021 Common Stock 383,600 $14.85 Direct F11
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
F2 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.
F3 On December 10, 2021, the reporting person achieved performance level of 112.5% on a target award of 12,500 Performance Share Units ("PSUs"), resulting in a total earned award of 14,063 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.
F4 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.
F5 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.
F6 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.
F7 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.
F8 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
F9 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.
F10 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.
F11 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.