4//SEC Filing
Motta Anna Maria P 4
Accession 0001381668-21-000096
CIK 0001381668other
Filed
Oct 3, 8:00 PM ET
Accepted
Oct 4, 4:02 PM ET
Size
16.0 KB
Accession
0001381668-21-000096
Insider Transaction Report
Form 4
Motta Anna Maria P
Chief Information Officer
Transactions
- Other
Restricted Stock Units
2021-09-30−1,050→ 3,150 total→ Common Stock (1,050 underlying)
Holdings
- 11,407(indirect: ESOP)
Common Stock
- 7,650
Performance Restricted Share Units
→ Common Stock (7,650 underlying) - 1,500
Restricted Stock Units
→ Common Stock (1,500 underlying) - 91,540
Common Stock
- 14,472(indirect: By 401(k))
Common Stock
- 2,400
Restricted Stock Units
→ Common Stock (2,400 underlying) - 21,000
Employee Stock Option (right to buy)
Exercise: $15.08Exp: 2024-09-30→ Common Stock (21,000 underlying) - 17,000
Employee Stock Option (right to buy)
Exercise: $14.74Exp: 2024-09-30→ Common Stock (17,000 underlying)
Footnotes (9)
- [F1]Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
- [F2]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.
- [F3]On November 24, 2020, the reporting person achieved performance level of 112.5% on a target award of 6,800 Performance Share Units ("PSUs"), resulting in a total earned award of 7,650 shares. This represents the final determination of a December 20, 2018 award that was dependent on certain performance results during the two fiscal year period ended September 30, 2020. 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, 2021.
- [F4]In connection with the retirement of the reporting person effective September 30, 2021, a total of 1,050 restricted stock units were forfeited and all remaining restricted stock units are fully vested and will be issued six months after the reporting person's retirement in accordance with IRS Section 409A regulations. In addition, all remaining stock options have an expiration date of September 30, 2024.
- [F5]On December 17, 2020, the reporting person received a grant of 4,200 Restricted Stock Units ("RSUs"). These RSUs vest in three equal annual installments beginning December 10, 2021.
- [F6]On December 19, 2019, the reporting person received a grant of 3,600 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2020
- [F7]On December 20, 2018, the reporting person received a grant of 4,500 Restricted Stock Units ("RSUs"). These RSUs vest in three equal annual installments beginning December 10, 2019.
- [F8]As reported on a Form 4 dated December 15, 2014, the reporting person received a grant of 26,000 stock options. These stock options fully vest on December 10, 2017.
- [F9]On January 5, 2018, the reporting person received a grant of 17,000 stock options. These options fully vest on December 10, 2020.
Documents
Issuer
TFS Financial CORP
CIK 0001381668
Entity typeother
Related Parties
1- filerCIK 0001617699
Filing Metadata
- Form type
- 4
- Filed
- Oct 3, 8:00 PM ET
- Accepted
- Oct 4, 4:02 PM ET
- Size
- 16.0 KB