Gavin B. Stefanski - 08 Dec 2023 Form 4 Insider Report for TFS Financial CORP (TFSL)

Signature
/s/ Susanne N. Miller, Pursuant to Power of Attorney
Issuer symbol
TFSL
Transactions as of
08 Dec 2023
Net transactions value
+$93,679
Form type
4
Filing time
12 Dec 2023, 17:24:39 UTC
Previous filing
05 Sep 2023
Next filing
01 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TFSL Common Stock Options Exercise $134,500 +10,000 +25% $13.45 49,755 08 Dec 2023 Direct F1
transaction TFSL Common Stock Tax liability $40,821 -3,035 -6.1% $13.45 46,720 08 Dec 2023 Direct F2
holding TFSL Common Stock 2,307 08 Dec 2023 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 -10,000 -100% $0.000000* 0 08 Dec 2023 Common Stock 10,000 Direct F4, F5
holding TFSL Employee Stock Option (right to buy) 5,000 08 Dec 2023 Common Stock 5,000 $14.62 Direct F6
* 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 applicable withholding tax due upon the exercise 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 17, 2020, the reporting person received 10,000 Restricted Stock Units ("RSUs") which fully vest on December 10, 2023.
F6 On April 2, 2018, the reporting person received 5,000 stock options. These options fully vest on December 10, 2020.