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

Role: Chief Financial Officer
Signature: /s/ Timothy W. Mulhern, Pursuant to Power of Attorney
Issuer symbol: TFSL
Transactions as of: 10 Dec 2022
Net transactions value: $0
Form type: 4
Filing time: 13 Dec 2022, 14:54:26 UTC
Previous filing: 15 Sep 2022
Next filing: 19 Dec 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	+1,266		$0.000000	1,266	10 Dec 2022	Direct	F1
transaction	TFSL	Common Stock	Tax liability	$0	-385	-30%	$0.000000	881	10 Dec 2022	Direct	F2
holding	TFSL	Common Stock						11,698	10 Dec 2022	ESOP	F3
holding	TFSL	Common Stock						7,119	10 Dec 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	-1,266	-33%	$0.000000	2,534	10 Dec 2022	Common Stock	1,266		Direct	F4, F5
holding	TFSL	Restricted Stock Units						11,000	10 Dec 2022	Common Stock	11,000		Direct	F4, F6
holding	TFSL	Employee Stock Option (right to buy)						5,000	10 Dec 2022	Common Stock	5,000	$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.