# EDGAR Filing Document

**Accession Number:** 0001530997
**File Stem:** 0001381668-23-000033
**Filing Date:** 2023-3
**Character Count:** 10924
**Document Hash:** 7b3e9a7dec097efaf44059653e740204
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001381668-23-000033.hdr.sgml**: 20230310

**ACCESSION NUMBER**: 0001381668-23-000033

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230308

**FILED AS OF DATE**: 20230310

**DATE AS OF CHANGE**: 20230310

**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:** 23722280

**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

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] 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**<sup>*</sup><br>WEIL MEREDITH S<br><sub>(Last) (First) (Middle)</sub><br>7007 BROADWAY AVENUE<br><sub>(Street)</sub><br>CLEVELAND, OH 44105<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-08 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[X] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_Chief Operating Officer_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>TFS Financial CORP [ TFSL ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-03-08 |  | M |  | 28700<sup>(1)</sup> | A | $11.64 | 126460 | D<sup>(2)</sup> |  |
| Common Stock | 2023-03-08 |  | F |  | 26893<sup>(3)</sup> | D | $13.34 | 99567 | D<sup>(2)</sup> |  |
| Common Stock |  |  |  |  |  |  |  | 12841 | I | BY ESOP<sup>(4)</sup> |
| Common Stock |  |  |  |  |  |  |  | 14877 | I | By 401(k)<sup>(4)</sup> |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Performance Restricted Share Units | <sup>(5)</sup> |  |  |  |  |  |  | <sup>(6)</sup> | <sup>(6)</sup> | Common Stock | 15050.0 |  | 15050 | D |  |
| Restricted Stock Units | <sup>(5)</sup> |  |  |  |  |  |  | <sup>(7)</sup> | <sup>(7)</sup> | Common Stock | 3134.0 |  | 3134 | D |  |
| Restricted Stock Units | <sup>(5)</sup> |  |  |  |  |  |  | <sup>(8)</sup> | <sup>(8)</sup> | Common Stock | 6334.0 |  | 6334 | D |  |
| Restricted Stock Units | <sup>(5)</sup> |  |  |  |  |  |  | <sup>(9)</sup> | <sup>(9)</sup> | Common Stock | 14200.0 |  | 14200 | D |  |
| Restricted Stock Units | <sup>(5)</sup> |  |  |  |  |  |  | <sup>(10)</sup> | <sup>(10)</sup> | Common Stock | 3600.0 |  | 3600 | D |  |
| Employee Stock Option (right to buy) | $14.74 |  |  |  |  |  |  | <sup>(11)</sup> | 2028-01-05 | Common Stock | 187500.0 |  | 187500 | D |  |
| Employee Stock Option (right to buy) | $14.81 |  |  |  |  |  |  | <sup>(12)</sup> | 2025-05-28 | Common Stock | 108300.0 |  | 108300 | D |  |
| Employee Stock Option (right to buy) | $19.31 |  |  |  |  |  |  | <sup>(13)</sup> | 2026-12-15 | Common Stock | 54400.0 |  | 54400 | D |  |
| Employee Stock Option (right to buy) | $19.06 |  |  |  |  |  |  | <sup>(14)</sup> | 2025-12-17 | Common Stock | 24200.0 |  | 24200 | D |  |
| Employee Stock Option (right to buy) | $14.85 |  |  |  |  |  |  | <sup>(15)</sup> | 2024-12-18 | Common Stock | 32400.0 |  | 32400 | D |  |
| Employee Stock Option (right to buy) | $11.64 | 2023-03-08 |  | M |  |  | 28700 | <sup>(16)</sup> | 2023-12-03 | Common Stock | 28700.0 | $11.64 | 0 | D |  |

---

### Footnotes:

(1) These common shares were acquired upon the vesting and settlement of certain stock options.

(2) Shares are held with shared voting power with spouse.

(3) These common shares were delivered to the issuer to pay the option's exercise price and applicable tax due upon exercise of certain stock options.

(4) Reflects transactions not required to be reported under Section 16 of the Securities Exchange Act, as amended.

(5) 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.

(6) 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 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.

(7) 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.

(8) 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.

(9) On December 15, 2022, the reporting person received a grant of 14,200 Restricted Stock Units (RSUs). These RSUs vest in three equal annual installments beginning December 10, 2023.

(10) 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.

(11) 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.

(12) 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.

(13) 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.

(14) 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.

(15) 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.

(16) As reported on a Form 4 dated December 12, 2013, the reporting person received a grant of 28,700 stock options on December 3, 2013.  These stock options vest in three equal installments beginning December 3, 2014.

**Signature:** /s/ Susanne N. Miller, Pursuant to Power of Attorney  
**Date:** 2023-03-10

### Remarks:

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.**