Form 4 for TFSL TFS Financial CORP
Accepted 2023-12-12 00:00:00 ET · period of report 2023-12-08 · accession 0001381668-23-000135 · 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 | 2023-12-12 | 2023-12-08 | TFSL | Stefanski Marc A | COB, Pres, CEO, Dir | M - OptEx | $13.45 | +49.6K | 272.8K | +22% | +$666.5K |
| D | 2023-12-12 | 2023-12-08 | TFSL | Stefanski Marc A | COB, Pres, CEO, Dir | F - Tax | $13.45 | -19.1K | 276.9K | -6% | -$256.3K |
| DM | 2023-12-12 | 2023-12-08 | TFSL | Stefanski Marc A | COB, Pres, CEO, Dir | M - OptEx | $0.00 | -49.6K | 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 | 2023-12-08 | M | A | 15,588 | $13.45 | 262,016 | D | — | — | (F1) These common shares were acquired upon the vesting and settlement of certain restricted stock units (RSUs). |
| 2 | Common | Common Stock | 2023-12-08 | M | A | 13,400 | $13.45 | 295,983 | D | — | — | (F1) These common shares were acquired upon the vesting and settlement of certain restricted stock units (RSUs). |
| 3 | Common | Common Stock | 2023-12-08 | M | A | 9,800 | $13.45 | 282,583 | D | — | — | (F1) These common shares were acquired upon the vesting and settlement of certain restricted stock units (RSUs). |
| 4 | Common | Common Stock | 2023-12-08 | M | A | 10,767 | $13.45 | 272,783 | D | — | — | (F1) These common shares were acquired upon the vesting and settlement of certain restricted stock units (RSUs). |
| 5 | Common | Common Stock | 2023-12-08 | F | D | 19,056 | $13.45 | 276,927 | D | — | — | (F2) These common shares were delivered to the issuer to pay for applicable withholding tax due upon the exercise of certain restricted stock units. |
| 6 | Derivative | Restricted Stock Units | 2023-12-08 | M | D | 9,800 | $0.00 | 9,800 | D | — · — to — | 9,800 Common Stock | (F4) 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 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. |
| 7 | Derivative | Restricted Stock Units | 2023-12-08 | M | D | 13,400 | $0.00 | 26,800 | D | — · — to — | 13,400 Common Stock | (F4) 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. (F11) 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. |
| 8 | Derivative | Performance Restricted Share Units | 2023-12-08 | M | D | 15,588 | $0.00 | 0 | D | — · — to — | 15,588 Common Stock | (F4) 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. (F6) 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. |
| 9 | Derivative | Restricted Stock Units | 2023-12-08 | M | D | 10,767 | $0.00 | 0 | D | — · — to — | 10,767 Common Stock | (F4) 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) 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. |