Form 4 for TFSL TFS Financial CORP
Accepted 2022-08-03 00:00:00 ET · period of report 2022-08-01 · accession 0001381668-22-000090 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2022-08-03 | 2022-08-01 | TFSL | Huml Paul J | Former CFO | M - OptEx | $0.00 | +6,929 | 72.7K | +11% | $0 |
| D | 2022-08-03 | 2022-08-01 | TFSL | Huml Paul J | Former CFO | F - Tax | $0.00 | -2,911 | 74.8K | -4% | $0 |
| DM | 2022-08-03 | 2022-08-01 | TFSL | Huml Paul J | Former CFO | M - OptEx | $0.00 | -6,929 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-08-01 | M | A | 4,934 | $0.00 | 77,675 | D | — | — | (F1) In connection with the retirement of the reporting person effective January 14, 2022, remaining restricted stock units to be issued under the accelerated vesting will be issued six months after the reporting person's retirement, in accordance with IRS Section 409A regulations. In addition, expiration dates of the stock options have been adjusted to January 14, 2025, unless their original expiration date was sooner (F2) Shares are held with shared voting power with spouse. |
| 2 | Common | Common Stock | 2022-08-01 | M | A | 1,995 | $0.00 | 72,741 | D | — | — | (F1) In connection with the retirement of the reporting person effective January 14, 2022, remaining restricted stock units to be issued under the accelerated vesting will be issued six months after the reporting person's retirement, in accordance with IRS Section 409A regulations. In addition, expiration dates of the stock options have been adjusted to January 14, 2025, unless their original expiration date was sooner (F2) Shares are held with shared voting power with spouse. |
| 3 | Common | Common Stock | 2022-08-01 | F | D | 2,911 | $0.00 | 74,764 | D | — | — | (F3) These common shares were delivered to the issuer to pay for the applicable withholding tax due upon vesting of certain restricted stock units. (F2) Shares are held with shared voting power with spouse. |
| 4 | Derivative | Restricted Stock Units | 2022-08-01 | M | D | 1,995 | $0.00 | 0 | D | — · — to — | 1,995 Common Stock | (F5) 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. (F7) 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. |
| 5 | Derivative | Restricted Stock Units | 2022-08-01 | M | D | 4,934 | $0.00 | 0 | D | — · — to — | 4,934 Common Stock | (F5) 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. (F8) 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. |