Ben Stefanski III - Mar 1, 2022 Form 4 Insider Report for TFS Financial CORP (TFSL)

Role
Former Chief Mktg Off/Director
Signature
/s/ Timothy M. Mulhern, Pursuant to Power of Attorney
Stock symbol
TFSL
Transactions as of
Mar 1, 2022
Transactions value $
-$291,866
Form type
4
Date filed
3/3/2022, 12:54 PM
Previous filing
Jan 31, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TFSL Common Stock Options Exercise $278K +17K +26.5% $16.37 81.1K Mar 1, 2022 Direct
transaction TFSL Common Stock Tax liability -$282K -16.4K -20.21% $17.17 64.7K Mar 1, 2022 Direct F1
transaction TFSL Common Stock Sale -$10.3K -599 -0.93% $17.13 64.1K Mar 1, 2022 Direct
holding TFSL Common Stock 1.42K Mar 1, 2022 By ESOP F2
holding TFSL Common Stock 60.4K Mar 1, 2022 Trustee for uncle's trust

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 Employee Stock Option (right to buy) Options Exercise -$278K -17K -100% $16.37 0 Mar 1, 2022 Common Stock 0 $16.37 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Ben Stefanski III is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 Represents shares of common stock delivered to the issuer in payment by the reporting person of the options exercise price and withholding tax. This transaction is exempt under Rule 16b-3(e).
F2 Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
F3 On July 23, 2018, the reporting person received a grant of 17,000 stock options. These options vest December 10, 2020