4//SEC Filing
Mulhern Timothy W 4
Accession 0001381668-24-000144
CIK 0001381668other
Filed
Nov 24, 7:00 PM ET
Accepted
Nov 25, 9:55 AM ET
Size
16.1 KB
Accession
0001381668-24-000144
Insider Transaction Report
Form 4
Mulhern Timothy W
Finance Manager - Future CFO
Transactions
- Award
Performance Restricted Share Units
2024-11-21+8,730→ 8,730 total→ Common Stock (8,730 underlying)
Holdings
- 14,883(indirect: ESOP)
Common Stock
- 4,267
Restricted Stock Units
→ Common Stock (4,267 underlying) - 10,909
Common Stock
- 5,510
Performance Restricted Share Units
→ Common Stock (5,510 underlying) - 6,500
Restricted Stock Units
→ Common Stock (6,500 underlying) - 5,000
Employee Stock Option (right to buy)
Exercise: $14.74Exp: 2028-01-15→ Common Stock (5,000 underlying) - 8,433(indirect: By 401(k))
Common Stock
- 1,267
Restricted Stock Units
→ Common Stock (1,267 underlying)
Footnotes (8)
- [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 November 21, 2024, the reporting person achieved performance level of 90.0% on a target award of 9,700 Performance Share Units ("PSUs"), resulting in a total earned award of 8,730 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.
- [F4]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.
- [F5]On March 4, 2024, the reporting person received a grant of 6,500 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2024.
- [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 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
- Nov 24, 7:00 PM ET
- Accepted
- Nov 25, 9:55 AM ET
- Size
- 16.1 KB