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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

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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	2023-12-08	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
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

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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	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

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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		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

These common shares were acquired upon the vesting and settlement of certain restricted stock units (RSUs).
Shares are held with shared voting power with spouse.
These common shares were delivered to the issuer to pay for applicable withholding tax due upon the exercise of certain restricted stock units.
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 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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.