Andrew J. Rubino - Nov 21, 2023 Form 4 Insider Report for TFS Financial CORP (TFSL)

Role
Chief Information Officer
Signature
/s/ Susanne N. Miller, Pursuant to Power of Attorney
Stock symbol
TFSL
Transactions as of
Nov 21, 2023
Transactions value $
$0
Form type
4
Date filed
12/6/2023, 02:23 PM
Previous filing
Dec 19, 2022
Next filing
Dec 12, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TFSL Common Stock 13.9K Nov 21, 2023 Direct
holding TFSL Common Stock 12.2K Nov 21, 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
transaction TFSL Performance Restricted Share Units Award $0 +5.51K $0.00 5.51K Nov 21, 2023 Common Stock 5.51K Direct F2, F3
holding TFSL Restricted Stock Units 2.53K Nov 21, 2023 Common Stock 2.53K Direct F2, F4
holding TFSL Restricted Stock Units 6.4K Nov 21, 2023 Common Stock 6.4K Direct F2, F5
holding TFSL Restricted Stock Units 15K Nov 21, 2023 Common Stock 15K Direct F2, F6
holding TFSL Employee Stock Option (right to buy) 11K Nov 21, 2023 Common Stock 11K $14.74 Direct F7
* 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 November 21, 2023, the reporting person achieved performance level of 95.0% on a target award of 5,800 Performance Share Units ("PSUs"), resulting in a total earned award of 5,510 shares. This represents the final determination a December 16, 2021 award that was dependent on certain performance results during the two fiscal year period ended September 30, 2023. 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, 2024.
F4 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.
F5 On December 15, 2022, the reporting person received a grant of 6,400 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2023.
F6 On December 17, 2020, the reporting person received a grant of 15,000 Restricted Stock Units ("RSUs"). These RSUs vest 100% December 10, 2023.
F7 On January 5, 2018, the reporting person received a grant of 11,000 stock options. These options will fully vest on December 10, 2020