4//SEC Filing
Mulhern Timothy W 4
Accession 0001381668-23-000128
CIK 0001381668other
Filed
Dec 11, 7:00 PM ET
Accepted
Dec 12, 5:11 PM ET
Size
20.9 KB
Accession
0001381668-23-000128
Insider Transaction Report
Form 4
Mulhern Timothy W
Finance Manager - Future CFO
Transactions
- Exercise/Conversion
Common Stock
2023-12-08$13.45/sh+2,133$28,689→ 15,281 total - Exercise/Conversion
Common Stock
2023-12-08$13.45/sh+1,267$17,041→ 13,148 total - Exercise/Conversion
Common Stock
2023-12-08$13.45/sh+11,000$147,950→ 11,881 total - Tax Payment
Common Stock
2023-12-08$13.45/sh−4,372$58,803→ 10,909 total - Exercise/Conversion
Restricted Stock Units
2023-12-08−2,133→ 4,267 total→ Common Stock (2,133 underlying) - Exercise/Conversion
Restricted Stock Units
2023-12-08−11,000→ 0 total→ Common Stock (11,000 underlying) - Exercise/Conversion
Restricted Stock Units
2023-12-08−1,267→ 1,267 total→ Common Stock (1,267 underlying)
Holdings
- 13,224(indirect: ESOP)
Common Stock
- 7,748(indirect: By 401(k))
Common Stock
- 5,510
Performance Restricted Share Units
→ Common Stock (5,510 underlying) - 5,000
Employee Stock Option (right to buy)
Exercise: $14.74Exp: 2028-01-15→ Common Stock (5,000 underlying)
Footnotes (9)
- [F1]These common shares were acquired upon the vesting and settlement of certain restricted stock units (RSUs).
- [F2]These common shares were delivered to the issuer to pay for applicable withholding tax due upon the exercise of certain restricted stock units.
- [F3]Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.
- [F4]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.
- [F5]On December 17, 2020, the reporting person received a grant of 11,000 Restricted Stock Units ("RSUs") which fully vest on December 10, 2023.
- [F6]On December 16, 2021, the reporting person received a grant of 3,800 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2022.
- [F7]On December 15, 2022, the reporting person received a grant of 6,400 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2023.
- [F8]On November 21, 2023, the reporting person achieved performance level of 95.0% on a target award of 5,800 Performance Share Units ("PSUs"), resulting in a total earned award of 5,510 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.
- [F9]On January 5, 2018, the reporting person received a grant of 5,000 stock options. These options fully vest on December 10, 2020.
Documents
Issuer
TFS Financial CORP
CIK 0001381668
Entity typeother
Related Parties
1- filerCIK 0001899371
Filing Metadata
- Form type
- 4
- Filed
- Dec 11, 7:00 PM ET
- Accepted
- Dec 12, 5:11 PM ET
- Size
- 20.9 KB