Filing Details

Accession Number:
0001381668-23-000137
Form Type:
4
Zero Holdings:
No
Publication Time:
2023-12-12 17:21:22
Reporting Period:
2023-12-08
Accepted Time:
2023-12-12 17:21:22
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1381668 Tfs Financial Corp TFSL Savings Institution, Federally Chartered (6035) 522054948
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1530997 S Meredith Weil 7007 Broadway Avenue
Cleveland OH 44105
Chief Operating Officer Yes Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Common Stock Acquisiton 2023-12-08 15,050 $13.45 114,617 No 4 M Direct
Common Stock Acquisiton 2023-12-08 3,134 $13.45 117,751 No 4 M Direct
Common Stock Acquisiton 2023-12-08 3,167 $13.45 120,918 No 4 M Direct
Common Stock Acquisiton 2023-12-08 4,733 $13.45 125,651 No 4 M Direct
Common Stock Disposition 2023-12-08 11,832 $13.45 113,819 No 4 F Direct
Common Stock Disposition 2023-12-08 7,400 $13.42 106,419 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 M Direct
No 4 M Direct
No 4 M Direct
No 4 F Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Performance Restricted Share Units Disposition 2023-12-08 15,050 $0.00 15,050 $0.00
Common Stock Restricted Stock Units Disposition 2023-12-08 3,134 $0.00 3,134 $0.00
Common Stock Restricted Stock Units Disposition 2023-12-08 3,167 $0.00 3,167 $0.00
Common Stock Restricted Stock Units Disposition 2023-12-08 4,733 $0.00 4,733 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
0 No 4 M Direct
0 No 4 M Direct
3,167 No 4 M Direct
9,467 No 4 M Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock 290 Indirect BY ESOP
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Performance Restricted Share Units $0.00 13,490 13,490 Direct
Common Stock Restricted Stock Units $0.00 3,600 3,600 Direct
Common Stock Employee Stock Option (right to buy) $14.74 2028-01-05 187,500 187,500 Direct
Common Stock Employee Stock Option (right to buy) $14.81 2025-05-28 108,300 108,300 Direct
Common Stock Employee Stock Option (right to buy) $19.31 2026-12-15 54,400 54,400 Direct
Common Stock Employee Stock Option (right to buy) $19.06 2025-12-17 24,200 24,200 Direct
Common Stock Employee Stock Option (right to buy) $14.85 2024-12-18 32,400 32,400 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
13,490 13,490 Direct
3,600 3,600 Direct
2028-01-05 187,500 187,500 Direct
2025-05-28 108,300 108,300 Direct
2026-12-15 54,400 54,400 Direct
2025-12-17 24,200 24,200 Direct
2024-12-18 32,400 32,400 Direct
Footnotes
  1. These common shares were acquired upon the vesting and settlement of certain restricted stock units (RSUs).
  2. Shares are held with shared voting power with spouse.
  3. These common shares were delivered to the issuer to pay for applicable withholding tax due upon the exercise of certain restricted stock units.
  4. Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
  5. 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.
  6. On November 21, 2023, the reporting person achieved performance level of 95.0% on a target award of 14,200 Performance Share Units ("PSUs"), resulting in a total earned award of 13,490 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.
  7. On November 22, 2022, the reporting person achieved performance level of 107.5% on a target award of 14,000 Performance Share Units ("PSUs"), resulting in a total earned award of 15,050 shares. This represents the final determination on a December 17, 2020 award that was dependent on certain performance results during the two fiscal year period ended September 30, 2022. 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, 2023.
  8. On December 17, 2020, the reporting person received a grant of 9,400 Restricted Stock Units ("RSUs"). These RSUs vest in three equal annual installments beginning December 10, 2021.
  9. On December 16, 2021, the reporting person received a grant of 9,500 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2022.
  10. On December 15, 2022, the reporting person received a grant of 14,200 Restricted Stock Units (RSUs). These RSUs vest in three equal installments beginning December 10, 2023
  11. As reported on a Form 4 dated September 29, 2011, the reporting person received a grant of 3,600 restricted stock units that vest in four equal annual installments beginning May 14, 2011. Vested shares may be distributed to the Reporting Person only after that person's termination of employment with TFS Financial Corporation.
  12. As reported on a Form 4 dated January 8, 2018, the reporting person received a grant of 187,500 stock options. These stock options vest in three equal annual installments beginning December 10, 2018.
  13. As reported on a Form 4 dated May 29, 2015, the reporting person received a grant of 108,300 stock options on May 28, 2015. These stock options vest in five equal annual installments beginning May 28, 2016.
  14. As reported on a Form 4 dated December 15, 2016, the reporting person received a grant of 79,400 stock options. These stock options vest in three equal annual installments beginning December 10, 2017.
  15. As reported on a Form 4 dated December 17, 2015, the reporting person received a grant of 49,200 stock options on December 15, 2015. These stock options vest in three equal annual installments beginning December 10, 2016.
  16. As reported on a Form 4 dated December 19, 2014, the reporting person received a grant of 32,400 stock options. These stock options vest in three equal annual installments beginning December 10, 2015.