Meredith S. Weil - Mar 15, 2022 Form 4 Insider Report for TFS Financial CORP (TFSL)

Role
Chief Operating Officer, Director
Signature
/s/ Timothy M. Mulhern, Pursuant to Power of Attorney
Stock symbol
TFSL
Transactions as of
Mar 15, 2022
Transactions value $
-$64,159
Form type
4
Date filed
3/16/2022, 02:59 PM
Previous filing
Dec 20, 2021
Next filing
Jun 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TFSL Common Stock Options Exercise $189K +20K +23.7% $9.43 104K Mar 15, 2022 Direct F1
transaction TFSL Common Stock Tax liability -$253K -15.4K -14.74% $16.43 89K Mar 15, 2022 Direct F1, F2
holding TFSL Common Stock 11.5K Mar 15, 2022 BY ESOP F3
holding TFSL Common Stock 13.8K Mar 15, 2022 By 401(k) F3

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 $0 -20K -47.96% $0.00 21.7K Mar 15, 2022 Common Stock 20K $9.43 Direct F13
holding TFSL Performance Restricted Share Units 13.6K Mar 15, 2022 Common Stock 13.6K Direct F4, F5
holding TFSL Restricted Stock Units 9.5K Mar 15, 2022 Common Stock 9.5K Direct F4, F6
holding TFSL Restricted Stock Units 6.27K Mar 15, 2022 Common Stock 6.27K Direct F4, F7
holding TFSL Restricted Stock Units 2.7K Mar 15, 2022 Common Stock 2.7K Direct F4, F8
holding TFSL Restricted Stock Units 3.6K Mar 15, 2022 Common Stock 3.6K Direct F4, F9
holding TFSL Employee Stock Option (right to buy) 188K Mar 15, 2022 Common Stock 188K $14.74 Direct F10
holding TFSL Employee Stock Option (right to buy) 108K Mar 15, 2022 Common Stock 108K $14.81 Direct F11
holding TFSL Employee Stock Option (right to buy) 54.4K Mar 15, 2022 Common Stock 54.4K $19.31 Direct F12
holding TFSL Employee Stock Option (right to buy) 32.4K Mar 15, 2022 Common Stock 32.4K $14.85 Direct F14
holding TFSL Employee Stock Option (right to buy) 28.7K Mar 15, 2022 Common Stock 28.7K $11.64 Direct F15
holding TFSL Employee Stock Option (right to buy) 24.2K Mar 15, 2022 Common Stock 24.2K $19.06 Direct F16
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Shares are held with shared voting power with spouse.
F2 These common shares were delivered to the issuer to pay the option's exercise price and applicable tax due upon vesting of certain stock options.
F3 Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
F4 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.
F5 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.
F6 On December 16, 2021, the reporting person received a grant of 9,500 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2022.
F7 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.
F8 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.
F9 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.
F10 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.
F11 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.
F12 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.
F13 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.
F14 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.
F15 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.
F16 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.