4//SEC Filing
Motta Anna Maria P 4
Accession 0001381668-22-000034
CIK 0001381668other
Filed
Apr 4, 8:00 PM ET
Accepted
Apr 5, 1:05 PM ET
Size
25.9 KB
Accession
0001381668-22-000034
Insider Transaction Report
Form 4
Motta Anna Maria P
Chief Information Officer
Transactions
- Exercise/Conversion
Common Stock
2022-04-01+3,150→ 102,340 total - Exercise/Conversion
Common Stock
2022-04-01+1,500→ 106,240 total - Exercise/Conversion
Common Stock
2022-04-01+7,650→ 99,190 total - Exercise/Conversion
Common Stock
2022-04-01+2,400→ 104,740 total - Tax Payment
Common Stock
2022-04-01$16.67/sh−2,755$45,926→ 103,485 total - Exercise/Conversion
Restricted Stock Units
2022-04-01−2,400→ 0 total→ Common Stock (2,400 underlying) - Exercise/Conversion
Performance Restricted Share Units
2022-04-01−7,650→ 0 total→ Common Stock (7,650 underlying) - Exercise/Conversion
Restricted Stock Units
2022-04-01−3,150→ 0 total→ Common Stock (3,150 underlying) - Exercise/Conversion
Restricted Stock Units
2022-04-01−1,500→ 0 total→ Common Stock (1,500 underlying)
Holdings
- 6,188
Performance Restricted Share Units
→ Common Stock (6,188 underlying) - 21,000
Employee Stock Option (right to buy)
Exercise: $15.08Exp: 2024-09-30→ Common Stock (21,000 underlying) - 25,877(indirect: By IRA)
Common Stock
- 17,000
Employee Stock Option (right to buy)
Exercise: $14.74Exp: 2024-09-30→ Common Stock (17,000 underlying)
Footnotes (10)
- [F1]In connection with the retirement of the reporting person effective September 30, 2021, remaining restricted stock units to be issued under the accelerated vesting will be issued six months after the reporting person's retirement, in accordance with IRS Section 409A regulations
- [F10]On January 5, 2018, the reporting person received a grant of 17,000 stock options. These options fully vest on December 10, 2020.
- [F2]These common shares were delivered to the issuer to pay for the applicable withholding tax due upon vesting of certain restricted stock units.
- [F3]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.
- [F4]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.
- [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]On December 10, 2021, the reporting person achieved performance level of 112.5% on a target award of 5,500 Performance Share Units ("PSUs"), resulting in a total earned award of 6,188 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 15, 2014, the reporting person received a grant of 26,000 stock options. These stock options fully vest on December 10, 2017.
Documents
Issuer
TFS Financial CORP
CIK 0001381668
Entity typeother
Related Parties
1- filerCIK 0001617699
Filing Metadata
- Form type
- 4
- Filed
- Apr 4, 8:00 PM ET
- Accepted
- Apr 5, 1:05 PM ET
- Size
- 25.9 KB