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Filing Details

Accession Number:: 0001381668-21-000084
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2021-08-16 15:04:29
Reporting Period:: 2021-08-12

Accepted Time:: 2021-08-16 15:04:29
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
1388162	J Paul Huml	7007 Broadway Avenue Cleveland OH 44105	Chief Financial Officer	No	Yes	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2021-08-12	78,300	$14.81	137,844	No	4	M	Direct
Common Stock	Disposition	2021-08-12	67,012	$20.26	70,832	No	4	F	Direct
Common Stock	Disposition	2021-08-12	11,288	$20.01	59,544	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	F	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Option (right to buy)	Disposition	2021-08-12	78,300	$14.81	78,300	$14.81

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2025-05-28	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	10,699	Indirect	ESOP
Common Stock	48,276	Indirect	By 401(k)
Common Stock	4,700	Indirect	By Spouse's Ira
Common Stock	2,000	Indirect	Child 2

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Performance Restricted Share Units	$0.00		12,516	12,516	Direct
Common Stock	Restricted Stock Units	$0.00		2,462	2,462	Direct
Common Stock	Restricted Stock Units	$0.00		3,989	3,989	Direct
Common Stock	Restricted Stock Units	$0.00		7,279	7,279	Direct
Common Stock	Employee Stock Option (right to buy)	$14.85	2024-12-18	32,400	32,400	Direct
Common Stock	Employee Stock Option (right to buy)	$14.74	2028-01-05	156,300	156,300	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	12,516	12,516	Direct
	2,462	2,462	Direct
	3,989	3,989	Direct
	7,279	7,279	Direct
2024-12-18	32,400	32,400	Direct
2028-01-05	156,300	156,300	Direct

Footnotes

Represents shares of common stock delivered to the issuer in payment by the reporting person of the options exercise price and withholding tax. This transaction is exempt under Rule 16b-3(e).
Shares are held with shared voting power with spouse.
Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
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.
On November 24, 2020, the reporting person achieved performance level of 112.5% on a target award of 11,900 Performance Share Units ("PSUs"), resulting in a total earned award of 13,388 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.
As reported on a Form 4 dated December 20, 2018, the reporting person received a grant of 7,900 Restricted Stock Units ("RSUs"). These RSUs vest in three equal annual installments beginning December 10, 2019.
As reported on a Form 4 dated December 19, 2019, the reporting person received a grant of 6,400 Restricted Stock Units ("RSUs"). These RSUs vest in three equal annual installments beginning December 10, 2020.
On December 17, 2020, the reporting person received a grant of 7,400 Restricted Stock Units ("RSUs"). These RSUs vest in three equal annual installments beginning December 10, 2021.
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.
As reported on a Form 4 dated January 8, 2018, the reporting person received a grant of 156,300 stock options. These stock options vest in three equal annual installments beginning December 10, 2018.
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.