Marc A. Stefanski - May 25, 2023 Form 4 Insider Report for TFS Financial CORP (TFSL)

Role
Chairman, President and CEO, Director
Signature
/s/ Susanne N. Miller, Pursuant to Power of Attorney
Stock symbol
TFSL
Transactions as of
May 25, 2023
Transactions value $
-$11,540
Form type
4
Date filed
5/26/2023, 04:01 PM
Previous filing
May 4, 2023
Next filing
Aug 10, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TFSL Common Stock Gift -$11.5K -1K -1.79% $11.54 54.7K May 25, 2023 Trustee for sibling trust F1
holding TFSL Common Stock 252K May 25, 2023 Direct
holding TFSL Common Stock 15K May 25, 2023 By Spouse
holding TFSL Common Stock 42.4K May 25, 2023 Trust Beneficiary
holding TFSL Common Stock 105K May 25, 2023 By 401(k) F2
holding TFSL Common Stock 9.97K May 25, 2023 BY ESOP F2
holding TFSL Common Stock 16.2K May 25, 2023 Trustee for daughter's trust
holding TFSL Common Stock 7.2K May 25, 2023 POA on siblings IRA

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
holding TFSL Performance Restricted Share Units 15.6K May 25, 2023 Common Stock 15.6K Direct F3, F4
holding TFSL Restricted Stock Units 10.8K May 25, 2023 Common Stock 10.8K Direct F3, F5
holding TFSL Restricted Stock Units 19.6K May 25, 2023 Common Stock 19.6K Direct F3, F6
holding TFSL Restricted Stock Units 33.4K May 25, 2023 Common Stock 33.4K Direct F3, F7
holding TFSL Restricted Stock Units 35.7K May 25, 2023 Common Stock 35.7K Direct F3, F8
holding TFSL Restricted Stock Units 40.2K May 25, 2023 Common Stock 40.2K Direct F3, F9
holding TFSL Restricted Stock Units 693K May 25, 2023 Common Stock 693K Direct F3, F10
holding TFSL Employee Stock Option (right to buy) 197K May 25, 2023 Common Stock 197K $19.06 Direct F11
holding TFSL Employee Stock Option (right to buy) 287K May 25, 2023 Common Stock 287K $11.64 Direct F12
holding TFSL Employee Stock Option (right to buy) 384K May 25, 2023 Common Stock 384K $14.85 Direct F13
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reporting person as trustee, gifted shares from sibling's trust to non-reporting person
F2 Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
F3 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.
F4 On November 22, 2022, the reporting person achieved performance level of 107.5% on a target award of 14,500 Performance Share Units ("PSUs"), resulting in a total earned award of 15,588 shares. This represents the final determination of a December 17, 2020 award that was dependent on certain performance results during the two fiscal year period ended September 30, 2022. 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, 2023.
F5 On December 17, 2020, the reporting person received a grant of 32,300 Restricted Stock Units ("RSUs"). These RSUs vest in three equal annual installments beginning December 10, 2021.
F6 On December 16, 2021, the reporting person received a grant of 29,400 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2022.
F7 As reported on the Form 4 dated May 14, 2009, the reporting person received a grant of 33,400 stock units that vest in four equal annual installments beginning on May 12, 2010. Vested shares may be distributed to the reporting person only after the person's termination of employment with TFS Financial Corporation.
F8 As reported on a Form 4 dated May 18, 2010, the reporting person received a grant of 35,700 restricted stock units on May 14, 2010. These RSU's vest in four equal installments beginning on May 14, 2011. Vested shares may be distributed to the Reporting Person only after that person's termination of employment with TFS Financial Corporation.
F9 On December 15, 2022, the reporting person received a grant of 40,200 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2023.
F10 As reported on a Form 4 dated August 13, 2008, the Reporting Person received a grant of 701,800 Restricted Stock Units ("RSUs") on August 11, 2008. These RSUs vest 10% on each of the third through the ninth anniversaries of the date of the grant and 30% on the tenth anniversary of the date of the grant. Vested shares may be distributed to the Reporting Person only after the person's termination of employment from TFS Financial Corporation. 3,387 shares were delivered to the issuer on August 13, 2012; and 5,365 shares were delivered to the issuer on August 11, 2015; to pay for the applicable withholding tax due upon vesting.
F11 As reported on a Form 4 dated December 17, 2015, the reporting person received a grant of 196,700 stock options. These stock options vest in three equal annual installments beginning December 10, 2016.
F12 As reported on a Form 4 dated December 12, 2013, the reporting person received a grant of 286,500 stock options. These stock options vest in three equal installments beginning December 3, 2014.
F13 As reported on a Form 4 dated December 19, 2014, the reporting person received a grants of 383,600 stock options. These options vest in three equal annual installments beginning December 10, 2015.