Cathy W. Zbanek - Feb 6, 2025 Form 4 Insider Report for TFS Financial CORP (TFSL)

Role
Chief Synergy Officer
Signature
/s/ Susanne N. Miller, Pursuant to Power of Attorney
Stock symbol
TFSL
Transactions as of
Feb 6, 2025
Transactions value $
-$274,400
Form type
4
Date filed
2/7/2025, 11:59 AM
Previous filing
Dec 20, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction TFSL Common Stock Sale -$274K -20K -18.48% $13.72 88.2K Feb 6, 2025 Direct
holding TFSL Common Stock 13.3K Feb 6, 2025 By ESOP F1
holding TFSL Common Stock 5.33K Feb 6, 2025 By 401(k) F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
holding TFSL Restricted Stock Units 15.9K Feb 6, 2025 Common Stock 15.9K Direct F2, F3
holding TFSL Performance Restricted Share Units 19K Feb 6, 2025 Common Stock 19K Direct F2, F4
holding TFSL Restricted Stock Units 9.47K Feb 6, 2025 Common Stock 9.47K Direct F2, F5
holding TFSL Restricted Stock Units 4.67K Feb 6, 2025 Common Stock 4.67K Direct F2, F6
holding TFSL Employee Stock Option (right to buy) 188K Feb 6, 2025 Common Stock 188K $14.74 Direct F7
holding TFSL Employee Stock Option (right to buy) 108K Feb 6, 2025 Common Stock 108K $14.81 Direct F8
holding TFSL Employee Stock Option (right to buy) 79.4K Feb 6, 2025 Common Stock 79.4K $19.31 Direct F9
holding TFSL Employee Stock Option (right to buy) 49.2K Feb 6, 2025 Common Stock 49.2K $19.06 Direct F10
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
F2 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.
F3 On December 19, 2024, the reporting person received a grant of 15,900 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2025.
F4 On November 21, 2024, the reporting person achieved performance level of 90.0% on a target award of 21,000 Performance Share Units ("PSUs"), resulting in a total earned award of 18,990 shares. This represents the final determination a December 15, 2022 award that was dependent on certain performance results during the two fiscal year period ended September 30, 2024. 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, 2025.
F5 On March 4, 2024, the reporting person received a grant of 14,200 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2024.
F6 On December 15, 2022, the reporting person received a grant of 14,000 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2023.
F7 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.
F8 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.
F9 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.
F10 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.