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Filing Details

Accession Number:: 0001381668-23-000072
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2023-08-16 17:11:59
Reporting Period:: 2023-08-14

Accepted Time:: 2023-08-16 17:11:59
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
1388161	A Marc Stefanski	7007 Broadway Avenue Cleveland OH 44105	Chairman, President And Ceo	Yes	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	2023-08-14	2,432	$11.64	248,860	No	4	M	Direct
Common Stock	Disposition	2023-08-14	2,132	$14.95	246,728	No	4	F	Direct
Common Stock	Disposition	2023-08-14	300	$14.92	246,428	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	2023-08-14	2,432	$11.64	2,432	$11.64

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
188,213		2023-12-03	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	15,000	Indirect	By Spouse
Common Stock	54,738	Indirect	Trustee for sibling trust
Common Stock	42,442	Indirect	Trust Beneficiary
Common Stock	104,895	Indirect	By 401(k)
Common Stock	9,966	Indirect	BY ESOP
Common Stock	16,200	Indirect	Trustee for daughter's trust
Common Stock	7,200	Indirect	POA on siblings IRA

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		15,588	15,588	Direct
Common Stock	Restricted Stock Units	$0.00		10,767	10,767	Direct
Common Stock	Restricted Stock Units	$0.00		19,600	19,600	Direct
Common Stock	Restricted Stock Units	$0.00		33,400	33,400	Direct
Common Stock	Restricted Stock Units	$0.00		35,700	35,700	Direct
Common Stock	Restricted Stock Units	$0.00		40,200	40,200	Direct
Common Stock	Restricted Stock Units	$0.00		693,048	693,048	Direct
Common Stock	Employee Stock Option (right to buy)	$19.06	2025-12-17	196,700	196,700	Direct
Common Stock	Employee Stock Option (right to buy)	$14.85	2024-12-18	383,600	383,600	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
	15,588	15,588	Direct
	10,767	10,767	Direct
	19,600	19,600	Direct
	33,400	33,400	Direct
	35,700	35,700	Direct
	40,200	40,200	Direct
	693,048	693,048	Direct
2025-12-17	196,700	196,700	Direct
2024-12-18	383,600	383,600	Direct

Footnotes

These common shares were acquired upon the vesting and settlement of certain stock options.
These common shares were delivered to the issuer to pay the option's exercise price and applicable tax due upon exercise of certain stock options.
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 22, 2022, the reporting person achieved performance level of 107.5% on a target award of 14,500 Performance Share Units ("PSUs"), resulting in a total earned award of 15,588 shares. This represents the final determination of 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.
On December 17, 2020, the reporting person received a grant of 32,300 Restricted Stock Units ("RSUs"). These RSUs vest in three equal annual installments beginning December 10, 2021.
On December 16, 2021, the reporting person received a grant of 29,400 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2022.
As reported on a Form 4 dated May 14, 2009, the reporting person received a grant of 33,400 restricted stock units that vest in four equal annual installments beginning on May 12, 2010. Vested shares may be distributed to the reporting person only after the person's termination of employment with TFS Financial Corporation.
As reported on a Form 4 dated May 18, 2010, the Reporting Person received a grant of 35,700 restricted stock units that vest in four equal installments beginning on May 14, 2011. Vested shares may be distributed to the Reporting Person only after that person's termination of employment with TFS Financial Corporation.
On December 15, 2022, the reporting person received a grant of 40,200 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2023.
As reported on a Form 4 dated August 13, 2008, the Reporting Person received a grant of 701,800 Restricted Stock Units ("RSUs") on August 11, 2008. These RSUs vest 10% on each of the third through the ninth anniversaries of the date of the grant and 30% on the tenth anniversary of the date of the grant. Vested shares may be distributed to the Reporting Person only after the person's termination of employment from TFS Financial Corporation. 3,387 shares were delivered to the issuer on August 13, 2012; and 5,365 shares were delivered to the issuer on August 11, 2015; to pay for the applicable withholding tax due upon vesting.
As reported on a Form 4 dated December 17, 2015, the reporting person received a grant of 196,700 stock options. These stock options vest in three equal annual installments beginning December 10, 2016.
As reported on a Form 4 dated December 12, 2013, the reporting person received a grant of 286,500 stock options. These stock options vest in three equal installments beginning December 3, 2014.
As reported on a Form 4 dated December 19, 2014, the reporting person received a grants of 383,600 stock options. These options vest in three equal annual installments beginning December 10, 2015.