Director Weir Daniel F bought $13,727 worth of shares (1,059 units at $12.96), increasing direct ownership by 4% to 14,941 units (SEC Form 4)
$TFSL
Savings Institutions
Finance
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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| Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | |||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
TFS Financial CORP [ TFSL ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 06/25/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Common Stock | 06/25/2024 | P | 323(1) | A | $12.49 | 14,628 | D | |||
| Common Stock | 09/24/2024 | P | 313(2) | A | $13.17 | 14,941 | D | |||
| Common Stock | 09/24/2024 | P | 423(3) | A | $13.17 | 20,148 | I | Spouse | ||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Restricted Stock Units | (4) | (5) | (5) | Common Stock | 3,900 | 3,900 | D | ||||||||
| Restricted Stock Units | (4) | (6) | (6) | Common Stock | 40,000 | 40,000 | D | ||||||||
| Explanation of Responses: |
| 1. On June 25, 2024 the reporting person purchased stock pursuant to a dividend reinvestment feature provided by the reporting person's brokerage firm. This purchase was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of all of the shares purchased, with a portion of the reporting person's sale of 70,500 shares with prices ranging from $12.90 to $15.21 between December 29, 2023 and February 13, 2024. The reporting person has paid the issuer $879.66, representing the full amount of profits realized in connection with this purchase. |
| 2. On September 24, 2024 the reporting person purchased stock pursuant to a dividend reinvestment feature provided by the reporting person's brokerage firm. |
| 3. On September 24, 2024 the reporting person's spouse purchased stock pursuant to a dividend reinvestment feature provided by the reporting person's brokerage firm. |
| 4. 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. |
| 5. On February 22, 2024, the reporting person received a grant of 3,900 Restricted Stock Units ("RSUs") which fully vest on February 21, 2025. |
| 6. On December 15, 2022, the reporting person received a grant of 50,000 Restricted Stock Units (RSUs). These RSUs will vest one-fifth (20%) per year beginning December 10, 2023. |
| Remarks: |
| /s/ Susanne N. Miller, Pursuant to Power of Attorney | 10/24/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||