Timothy W. Mulhern - Dec 10, 2022 Form 4 Insider Report for TFS Financial CORP (TFSL)

Role
Chief Financial Officer
Signature
/s/ Timothy W. Mulhern, Pursuant to Power of Attorney
Stock symbol
TFSL
Transactions as of
Dec 10, 2022
Transactions value $
$0
Form type
4
Date filed
12/13/2022, 02:54 PM
Previous filing
Sep 15, 2022
Next filing
Dec 19, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TFSL Common Stock Options Exercise $0 +1.27K $0.00 1.27K Dec 10, 2022 Direct F1
transaction TFSL Common Stock Tax liability $0 -385 -30.41% $0.00 881 Dec 10, 2022 Direct F2
holding TFSL Common Stock 11.7K Dec 10, 2022 ESOP F3
holding TFSL Common Stock 7.12K Dec 10, 2022 401k 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 Restricted Stock Units Options Exercise $0 -1.27K -33.32% $0.00 2.53K Dec 10, 2022 Common Stock 1.27K Direct F4, F5
holding TFSL Restricted Stock Units 11K Dec 10, 2022 Common Stock 11K Direct F4, F6
holding TFSL Employee Stock Option (right to buy) 5K Dec 10, 2022 Common Stock 5K $14.74 Direct F7
* 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 restricted stock units (RSUs).
F2 These common shares were delivered to the issuer to pay for the applicable withholding tax due upon vesting of certain restricted stock units.
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 16, 2021, the reporting person received a grant of 3,800 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2022.
F6 On December 17, 2020, the reporting person received a grant of 11,000 Restricted Stock Units ("RSUs") which fully vest on December 10, 2023.
F7 On January 5, 2018, the reporting person received a grant of 5,000 stock options. These options fully vest on December 10, 2020.