Form 4 for TFSL TFS Financial CORP
Accepted 2024-12-12 00:00:00 ET · period of report 2024-12-10 · accession 0001381668-24-000166 · 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 | 2024-12-12 | 2024-12-10 | TFSL | Stefanski Marc A | COB, Pres, CEO, Dir | M - OptEx | $0.00 | +49.3K | 262.8K | +23% | $0 |
| D | 2024-12-12 | 2024-12-10 | TFSL | Stefanski Marc A | COB, Pres, CEO, Dir | F - Tax | $13.65 | -19.2K | 257.2K | -7% | -$261.5K |
| DM | 2024-12-12 | 2024-12-10 | TFSL | Stefanski Marc A | COB, Pres, CEO, Dir | M - OptEx | $0.00 | -49.3K | 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 | 2024-12-10 | M | A | 9,800 | $0.00 | 249,420 | D | — | — | (F1) These common shares were acquired upon the vesting and settlement of certain restricted stock units (RSUs) or performance share units (PSUs). |
| 2 | Common | Common Stock | 2024-12-10 | M | A | 12,540 | $0.00 | 239,620 | D | — | — | (F1) These common shares were acquired upon the vesting and settlement of certain restricted stock units (RSUs) or performance share units (PSUs). |
| 3 | Common | Common Stock | 2024-12-10 | F | D | 19,157 | $13.65 | 257,229 | 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 or performance share units |
| 4 | Common | Common Stock | 2024-12-10 | M | A | 13,566 | $0.00 | 276,386 | D | — | — | (F1) These common shares were acquired upon the vesting and settlement of certain restricted stock units (RSUs) or performance share units (PSUs). |
| 5 | Common | Common Stock | 2024-12-10 | M | A | 13,400 | $0.00 | 262,820 | D | — | — | (F1) These common shares were acquired upon the vesting and settlement of certain restricted stock units (RSUs) or performance share units (PSUs). |
| 6 | Derivative | Restricted Stock Units | 2024-12-10 | M | D | 13,566 | $0.00 | 27,134 | D | — · — to — | 13,566 Common Stock | (F4) Each restricted and performance stock unit represents a contingent right to receive one share of TFS Financial Corporation common stock. Restricted and performance 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 March 4, 2024, the reporting person received a grant of 40,700 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2024. |
| 7 | Derivative | Restricted Stock Units | 2024-12-10 | M | D | 13,400 | $0.00 | 13,400 | D | — · — to — | 13,400 Common Stock | (F4) Each restricted and performance stock unit represents a contingent right to receive one share of TFS Financial Corporation common stock. Restricted and performance 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 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 | Restricted Stock Units | 2024-12-10 | M | D | 9,800 | $0.00 | 0 | D | — · — to — | 9,800 Common Stock | (F4) Each restricted and performance stock unit represents a contingent right to receive one share of TFS Financial Corporation common stock. Restricted and performance 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 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. |
| 9 | Derivative | Performance Restricted Share Units | 2024-12-10 | M | D | 12,540 | $0.00 | 0 | D | — · — to — | 12,540 Common Stock | (F4) Each restricted and performance stock unit represents a contingent right to receive one share of TFS Financial Corporation common stock. Restricted and performance 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. (F5) On November 21, 2023, the reporting person achieved performance level of 95.0% on a target award of 13,200 Performance Share Units ("PSUs"), resulting in a total earned award of 12,540 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. |