Maria Motta Anna - Sep 30, 2021 Form 4 Insider Report for TFS Financial CORP (TFSL)

Role
Former Chief Info. Officer
Signature
/s/ Paul J. Huml, Pursuant to Power of Attorney
Stock symbol
TFSL
Transactions as of
Sep 30, 2021
Transactions value $
$0
Form type
4
Date filed
10/4/2021, 04:02 PM
Next filing
Dec 14, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding TFSL Common Stock 91.5K Sep 30, 2021 Direct
holding TFSL Common Stock 11.4K Sep 30, 2021 ESOP F1
holding TFSL Common Stock 14.5K Sep 30, 2021 401(k) 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 Other $0 -1.05K -25% $0.00 3.15K Sep 30, 2021 Common Stock 1.05K Direct F2, F4, F5
holding TFSL Performance Restricted Share Units 7.65K Sep 30, 2021 Common Stock 7.65K Direct F2, F3
holding TFSL Restricted Stock Units 2.4K Sep 30, 2021 Common Stock 2.4K Direct F2, F6
holding TFSL Restricted Stock Units 1.5K Sep 30, 2021 Common Stock 1.5K Direct F2, F7
holding TFSL Employee Stock Option (right to buy) 21K Sep 30, 2021 Common Stock 21K $15.08 Direct F4, F8
holding TFSL Employee Stock Option (right to buy) 17K Sep 30, 2021 Common Stock 17K $14.74 Direct F4, F9
* 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 24, 2020, the reporting person achieved performance level of 112.5% on a target award of 6,800 Performance Share Units ("PSUs"), resulting in a total earned award of 7,650 shares. This represents the final determination of a December 20, 2018 award that was dependent on certain performance results during the two fiscal year period ended September 30, 2020. 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, 2021.
F4 In connection with the retirement of the reporting person effective September 30, 2021, a total of 1,050 restricted stock units were forfeited and all remaining restricted stock units are fully vested and will be issued six months after the reporting person's retirement in accordance with IRS Section 409A regulations. In addition, all remaining stock options have an expiration date of September 30, 2024.
F5 On December 17, 2020, the reporting person received a grant of 4,200 Restricted Stock Units ("RSUs"). These RSUs vest in three equal annual installments beginning December 10, 2021.
F6 On December 19, 2019, the reporting person received a grant of 3,600 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2020
F7 On December 20, 2018, the reporting person received a grant of 4,500 Restricted Stock Units ("RSUs"). These RSUs vest in three equal annual installments beginning December 10, 2019.
F8 As reported on a Form 4 dated December 15, 2014, the reporting person received a grant of 26,000 stock options. These stock options fully vest on December 10, 2017.
F9 On January 5, 2018, the reporting person received a grant of 17,000 stock options. These options fully vest on December 10, 2020.