Andrew J. Rubino - Mar 4, 2024 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: Mar 4, 2024
Transactions value $: $0
Form type: 4
Date filed: 3/6/2024, 04:08 PM
Previous filing: Dec 12, 2023
Next filing: Nov 25, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	TFSL	Common Stock						24K	Mar 4, 2024	Direct
holding	TFSL	Common Stock						12.9K	Mar 4, 2024	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	Restricted Stock Units	Award	$0	+6.5K		$0.00	6.5K	Mar 4, 2024	Common Stock	6.5K		Direct	F2, F3
holding	TFSL	Restricted Stock Units						1.27K	Mar 4, 2024	Common Stock	1.27K		Direct	F2, F4
holding	TFSL	Restricted Stock Units						4.27K	Mar 4, 2024	Common Stock	4.27K		Direct	F2, F5
holding	TFSL	Performance Restricted Share Units						5.51K	Mar 4, 2024	Common Stock	5.51K		Direct	F2, F6
holding	TFSL	Employee Stock Option (right to buy)						11K	Mar 4, 2024	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 March 4, 2024, the reporting person received a grant of 6,500 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning 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 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.
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