0001381668-23-000039.txt : 20230504 0001381668-23-000039.hdr.sgml : 20230504 20230504131240 ACCESSION NUMBER: 0001381668-23-000039 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230503 FILED AS OF DATE: 20230504 DATE AS OF CHANGE: 20230504 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Stefanski Marc A CENTRAL INDEX KEY: 0001388161 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33390 FILM NUMBER: 23887671 MAIL ADDRESS: STREET 1: 7007 BROADWAY AVENUE CITY: CLEVELAND STATE: OH ZIP: 44105 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: TFS Financial CORP CENTRAL INDEX KEY: 0001381668 STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035] IRS NUMBER: 522054948 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 BUSINESS ADDRESS: STREET 1: 7007 BROADWAY AVENUE CITY: CLEVELAND STATE: OH ZIP: 44105 BUSINESS PHONE: (216) 441-6000 MAIL ADDRESS: STREET 1: 7007 BROADWAY AVENUE CITY: CLEVELAND STATE: OH ZIP: 44105 4 1 wf-form4_168322034605509.xml FORM 4 X0407 4 2023-05-03 0 0001381668 TFS Financial CORP TFSL 0001388161 Stefanski Marc A 7007 BROADWAY AVENUE CLEVELAND OH 44105 1 1 0 0 Chairman, President and CEO 0 Common Stock 2023-05-03 4 J 0 12679 0 A 252428 D Common Stock 15000 I By Spouse Common Stock 55738 I Trustee for sibling trust Common Stock 2023-05-03 4 J 0 12679 0 D 42442 I Trust Beneficiary Common Stock 104780 I By 401(k) Common Stock 9966 I BY ESOP Common Stock 16200 I Trustee for daughter's trust Common Stock 7200 I POA on siblings IRA Performance Restricted Share Units Common Stock 15588.0 15588 D Restricted Stock Units Common Stock 10767.0 10767 D Restricted Stock Units Common Stock 19600.0 19600 D Restricted Stock Units Common Stock 33400.0 33400 D Restricted Stock Units Common Stock 35700.0 35700 D Restricted Stock Units Common Stock 40200.0 40200 D Restricted Stock Units Common Stock 693048.0 693048 D Employee Stock Option (right to buy) 19.06 2025-12-17 Common Stock 196700.0 196700 D Employee Stock Option (right to buy) 11.64 2023-12-03 Common Stock 286500.0 286500 D Employee Stock Option (right to buy) 14.85 2024-12-18 Common Stock 383600.0 383600 D Reporting person transferred shares from his GRAT to his personal account Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended. 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. On November 22, 2022, the reporting person achieved performance level of 107.5% on a target award of 14,500 Performance Share Units ("PSUs"), resulting in a total earned award of 15,588 shares. This represents the final determination a December 17, 2020 award that was dependent on certain performance results during the two fiscal year period ended September 30, 2022. 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, 2023. On December 17, 2020, the reporting person received a grant of 32,300 Restricted Stock Units ("RSUs"). These RSUs vest in three equal annual installments beginning December 10, 2021. On December 16, 2021, the reporting person received a grant of 29,400 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2022. As reported on a Form 4 dated May 14, 2009, the reporting person received a grant of 33,400 stock units that vest in four equal annual installments beginning on May 12, 2010. Vested shares may be distributed to the reporting person only after the person's termination of employment with TFS Financial Corporation. As reported on a Form 4 dated May 18, 2010, the Reporting Person received a grant of 35,700 restricted stock units that vest in four equal installments beginning on May 14, 2011. Vested shares may be distributed to the Reporting Person only after that person's termination of employment with TFS Financial Corporation. On December 15, 2022, the reporting person received a grant of 40,200 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2023. As reported on a Form 4 dated August 13, 2008, the Reporting Person received a grant of 701,800 Restricted Stock Units ("RSUs") on August 11, 2008. These RSUs vest 10% on each of the third through the ninth anniversaries of the date of the grant and 30% on the tenth anniversary of the date of the grant. Vested shares may be distributed to the Reporting Person only after the person's termination of employment from TFS Financial Corporation. A total of 8,752 shares were delivered to the issuer to pay for the applicable withholding tax due upon vesting. As reported on a Form 4 dated December 17, 2015, the reporting person received a grant of 196,700 stock options. These stock options vest in three equal annual installments beginning December 10, 2016. As reported on a Form 4 dated December 12, 2013, the reporting person received a grant of 286,500 stock options. These stock options vest in three equal installments beginning December 3, 2014. As reported on a Form 4 dated December 19, 2014, the reporting person received a grants of 383,600 stock options. These options vest in three equal annual installments beginning December 10, 2015. /s/ Susanne N. Miller, Pursuant to Power of Attorney 2023-05-04