Andrew J. Rubino - 10 Dec 2022 Form 4 Insider Report for TFS Financial CORP (TFSL)

Role: Chief Information 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, 14:56:22 UTC
Previous filing: 20 Dec 2021
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	+9.7%	$0.000000	14,259	10 Dec 2022	Direct	F1
transaction	TFSL	Common Stock	Tax liability	$0	-385	-2.7%	$0.000000	13,874	10 Dec 2022	Direct	F2
holding	TFSL	Common Stock						10,776	10 Dec 2022	ESOP	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	Employee Stock Option (right to buy)						11,000	10 Dec 2022	Common Stock	11,000	$14.74	Direct	F6
holding	TFSL	Restricted Stock Units						15,000	10 Dec 2022	Common Stock	15,000		Direct	F4, 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 January 5, 2018, the reporting person received a grant of 11,000 stock options. These options will fully vest on December 10, 2020
F7	On December 17, 2020, the reporting person received a grant of 15,000 Restricted Stock Units ("RSUs"). These RSUs vest 100% December 10, 2023.