Gavin B. Stefanski - 24 Aug 2023 Form 4 Insider Report for TFS Financial CORP (TFSL)

Role: Chief Lending Officer
Signature: /s/ Susanne N. Miller, Pursuant to Power of Attorney
Issuer symbol: TFSL
Transactions as of: 24 Aug 2023
Net transactions value: -$68,669
Form type: 4
Filing time: 24 Aug 2023, 16:47:00 UTC
Previous filing: 10 Aug 2023
Next filing: 05 Sep 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	TFSL	Common Stock	Sale	$68,669	-5,000	-11%	$13.73	39,755	24 Aug 2023	Direct
holding	TFSL	Common Stock						2,307	24 Aug 2023	ESOP	F1

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	Restricted Stock Units						10,000	24 Aug 2023	Common Stock	10,000		Direct	F2, F3
holding	TFSL	Employee Stock Option (right to buy)						5,000	24 Aug 2023	Common Stock	5,000	$14.62	Direct	F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
F2	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.
F3	On December 17, 2020, the reporting person received 10,000 Restricted Stock Units ("RSUs") which fully vest on December 10, 2023.
F4	On April 2, 2018, the reporting person received 5,000 stock options. These options fully vest on December 10, 2020.