Huml Paul J 4

Accession 0001381668-21-000133

CIK 0001381668other

View on SEC.gov Company Profile

Filed

Dec 13, 7:00 PM ET

Accepted

Dec 14, 5:10 PM ET

Size

29.3 KB

Accession

0001381668-21-000133

Insider Transaction Report

Form 4

Period: 2021-12-10

TFS Financial CORPTFSL

Huml Paul J

Chief Operating Officer

Transactions

Exercise/Conversion
Common Stock
2021-12-10+2,462→ 74,522 total
Exercise/Conversion
Common Stock
2021-12-10+1,994→ 76,516 total
Exercise/Conversion
Common Stock
2021-12-10+2,345→ 78,861 total
Award
Performance Restricted Share Units
2021-12-10+10,800→ 10,800 total
→ Common Stock (10,800 underlying)
Exercise/Conversion
Restricted Stock Units
2021-12-10−2,462→ 0 total
→ Common Stock (2,462 underlying)
Exercise/Conversion
Common Stock
2021-12-10+12,516→ 72,060 total
Tax Payment
Common Stock
2021-12-10$18.10/sh−8,115$146,882→ 70,746 total
Exercise/Conversion
Performance Restricted Share Units
2021-12-10−12,516→ 0 total
→ Common Stock (12,516 underlying)
Exercise/Conversion
Restricted Stock Units
2021-12-10−1,994→ 1,995 total
→ Common Stock (1,994 underlying)
Exercise/Conversion
Restricted Stock Units
2021-12-10−2,345→ 4,934 total
→ Common Stock (2,345 underlying)

Holdings

Common Stock
(indirect: By Children)
2,000
Common Stock
(indirect: By Spouse)
4,700
Employee Stock Option (right to buy)
Exercise: $14.85Exp: 2024-12-18→ Common Stock (32,400 underlying)
32,400
Employee Stock Option (right to buy)
Exercise: $14.74Exp: 2028-01-05→ Common Stock (156,300 underlying)
156,300
Common Stock
(indirect: ESOP)
10,860
Common Stock
(indirect: By 401(k))
48,988

Footnotes (13)

[F1]These common shares were acquired upon the vesting and settlement of certain Performance Share Units (PSUs).
[F10]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.
[F11]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.
[F12]As reported on a Form 4 dated December 19, 2014, the reporting person received a grant of 32,400 stock options. These stock options vest in three equal annual installments beginning December 10, 2015.
[F13]As reported on a Form 4 dated January 8, 2018, the reporting person received a grant of 156,300 stock options. These stock options vest in three equal annual installments beginning December 10, 2018.
[F2]These common shares were acquired upon the vesting and settlement of certain restricted stock units (RSUs).
[F3]These common shares were delivered to the issuer to pay for the applicable withholding tax due upon vesting of certain restricted stock units.
[F4]Shares are held with shared voting power with spouse.
[F5]Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
[F6]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 November 24, 2020, the reporting person achieved performance level of 112.5% on a target award of 11,900 Performance Share Units ("PSUs"), resulting in a total earned award of 13,388 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. 872 shares were previously withheld for taxes.
[F8]On December 10, 2021, the reporting person achieved performance level of 112.5% on a target award of 9,600 Performance Share Units ("PSUs"), resulting in a total earned award of 10,800 shares. This represents the final determination a December 19, 2019 award that was dependent on certain performance results during the two fiscal year period ended September 30, 2021. 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, 2022.
[F9]As reported on a Form 4 dated December 20, 2018, the reporting person received a grant of 7,900 Restricted Stock Units ("RSUs"). These RSUs vest in three equal annual installments beginning December 10, 2019.

Documents

1 file

4
wf-form4_163951981032330.xmlPrimary
FORM 4

Issuer

TFS Financial CORP

CIK 0001381668

→

Entity typeother

Related Parties

filerCIK 0001388162

Filing Metadata

Form type: 4
Filed: Dec 13, 7:00 PM ET
Accepted: Dec 14, 5:10 PM ET
Size: 29.3 KB

View on SEC.gov