0001381668-23-000137.txt : 20231212 0001381668-23-000137.hdr.sgml : 20231212 20231212172122 ACCESSION NUMBER: 0001381668-23-000137 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20231208 FILED AS OF DATE: 20231212 DATE AS OF CHANGE: 20231212 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: WEIL MEREDITH S CENTRAL INDEX KEY: 0001530997 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-33390 FILM NUMBER: 231482112 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 wk-form4_1702419670.xml FORM 4 X0508 4 2023-12-08 0 0001381668 TFS Financial CORP TFSL 0001530997 WEIL MEREDITH S 7007 BROADWAY AVENUE CLEVELAND OH 44105 1 1 0 0 Chief Operating Officer 0 Common Stock 2023-12-08 4 M 0 15050 13.45 A 114617 D Common Stock 2023-12-08 4 M 0 3134 13.45 A 117751 D Common Stock 2023-12-08 4 M 0 3167 13.45 A 120918 D Common Stock 2023-12-08 4 M 0 4733 13.45 A 125651 D Common Stock 2023-12-08 4 F 0 11832 13.45 D 113819 D Common Stock 2023-12-08 4 S 0 7400 13.42 D 106419 D Common Stock 290 I BY ESOP Performance Restricted Share Units Common Stock 13490 13490 D Performance Restricted Share Units 2023-12-08 4 M 0 15050 0 D Common Stock 15050 0 D Restricted Stock Units 2023-12-08 4 M 0 3134 0 D Common Stock 3134 0 D Restricted Stock Units 2023-12-08 4 M 0 3167 0 D Common Stock 3167 3167 D Restricted Stock Units 2023-12-08 4 M 0 4733 0 D Common Stock 4733 9467 D Restricted Stock Units Common Stock 3600 3600 D Employee Stock Option (right to buy) 14.74 2028-01-05 Common Stock 187500 187500 D Employee Stock Option (right to buy) 14.81 2025-05-28 Common Stock 108300 108300 D Employee Stock Option (right to buy) 19.31 2026-12-15 Common Stock 54400 54400 D Employee Stock Option (right to buy) 19.06 2025-12-17 Common Stock 24200 24200 D Employee Stock Option (right to buy) 14.85 2024-12-18 Common Stock 32400 32400 D These common shares were acquired upon the vesting and settlement of certain restricted stock units (RSUs). Shares are held with shared voting power with spouse. These common shares were delivered to the issuer to pay for applicable withholding tax due upon the exercise of certain restricted stock units. 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 21, 2023, the reporting person achieved performance level of 95.0% on a target award of 14,200 Performance Share Units ("PSUs"), resulting in a total earned award of 13,490 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. On November 22, 2022, the reporting person achieved performance level of 107.5% on a target award of 14,000 Performance Share Units ("PSUs"), resulting in a total earned award of 15,050 shares. This represents the final determination on 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 9,400 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 9,500 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2022. On December 15, 2022, the reporting person received a grant of 14,200 Restricted Stock Units (RSUs). These RSUs vest in three equal installments beginning December 10, 2023 As reported on a Form 4 dated September 29, 2011, the reporting person received a grant of 3,600 restricted stock units that vest in four equal annual installments beginning May 14, 2011. Vested shares may be distributed to the Reporting Person only after that person's termination of employment with TFS Financial Corporation. As reported on a Form 4 dated January 8, 2018, the reporting person received a grant of 187,500 stock options. These stock options vest in three equal annual installments beginning December 10, 2018. As reported on a Form 4 dated May 29, 2015, the reporting person received a grant of 108,300 stock options on May 28, 2015. These stock options vest in five equal annual installments beginning May 28, 2016. As reported on a Form 4 dated December 15, 2016, the reporting person received a grant of 79,400 stock options. These stock options vest in three equal annual installments beginning December 10, 2017. As reported on a Form 4 dated December 17, 2015, the reporting person received a grant of 49,200 stock options on December 15, 2015. These stock options vest in three equal annual installments beginning December 10, 2016. 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. /s/ Susanne N. Miller, Pursuant to Power of Attorney 2023-12-12