TFS Financial officer exercises 5,000 stock options
TFS Financial CORP Chief Consumer Banking Officer Sandra M. Long exercised 5,000 stock options into common shares.
Rhea-AI Filing Summary
TFS Financial CORP Chief Consumer Banking Officer Sandra M. Long exercised 5,000 stock options into common shares. The options were exercised at $14.74 per share, and 4,658 common shares at $16.33 per share were delivered back to the company to cover the option exercise price and related tax withholding.
After these compensation-related transactions, Long directly holds 25,076 common shares, plus indirect holdings of 1,513 shares through a 401(k) plan and 14,486 shares through an ESOP. She also retains unexercised options on 24,000 shares at a $12.94 exercise price expiring in 2034 and 8,000 restricted stock units that convert into common stock upon vesting.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,000 shares exercised/converted
Exercise
7 txns
Insider
Long Sandra M
Role
Chief Consumer Banking Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Employee Stock Option (right to buy) | 5,000 | $14.74 | $74K |
| Exercise | Common Stock | 5,000 | $14.74 | $74K |
| Exercise Price or Tax Liability | Common Stock | 4,658 | $16.33 | $76K |
| holding | Restricted Stock Units | -- | -- | -- |
| holding | Employee Stock Option (right to buy) | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (right to buy) — 24,000 contracts (Direct);
Common Stock — 20,418 shares (Direct);
Restricted Stock Units — 8,000 contracts (Direct);
Common Stock — 14,486 shares (Indirect, By ESOP);
Common Stock — 1,513 shares (Indirect, By 401(k))
Footnotes (6)
- F1. These common shares were acquired upon the exercise and settlement of certain stock options.
- F2. These common shares were delivered to the issuer to pay for the options exercise price and applicable withholding tax due upon the exercise of certain stock options.
- F3. On January 5, 2018, the reporting person received a grant of 5,000 stock options. These options fully vest on December 10, 2020.
- F4. 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.
- F5. On March 4, 2024, the reporting person received a grant of 8,000 Restricted Stock Units (RSUs). These RSUs fully vest on December 10, 2026.
- F6. On March 4, 2024, the reporting person received a grant of 24,000 stock options. These options fully vest on December 10, 2026.
Key Figures
Options exercised: 5,000 shares
Option exercise price: $14.74/share
Shares delivered for taxes/exercise: 4,658 shares
+5 more
8 metrics
Options exercised
5,000 shares
Employee stock options exercised into common stock
Option exercise price
$14.74/share
Exercise price for 5,000 options
Shares delivered for taxes/exercise
4,658 shares
Common shares delivered at $16.33 to cover costs
Direct common shares after transaction
25,076 shares
Direct TFS Financial common stock holdings
Indirect 401(k) holdings
1,513 shares
Common stock held through 401(k) plan
Indirect ESOP holdings
14,486 shares
Common stock held through ESOP
Unexercised stock options
24,000 shares at $12.94
Options expiring March 4, 2034
Restricted stock units
8,000 units
Each RSU convertible into one common share
Key Terms
Employee Stock Option (right to buy), Restricted Stock Units, tax-withholding disposition, ESOP, +2 more
6 terms
Employee Stock Option (right to buy) financial
"Employee Stock Option (right to buy) ... total_shares_following_transaction"
Restricted Stock Units financial
"Restricted Stock Units ... Each restricted stock unit represents a contingent right"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition""
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
ESOP financial
"nature_of_ownership": "By ESOP""
An Employee Stock Ownership Plan (ESOP) is a program that gives employees ownership shares in their company, often as part of their benefits package. It acts like a company-sponsored savings plan, allowing workers to have a stake in the company's success, which can boost motivation and loyalty. For investors, ESOPs can influence company decisions and stock value, making them an important aspect of corporate ownership and governance.
401(k) financial
"nature_of_ownership": "By 401(k)""
A 401(k) is a type of retirement savings plan offered by employers that allows workers to set aside a portion of their paycheck before taxes are taken out. The money saved in a 401(k) can grow over time through investments, helping individuals build funds for their future retirement. It matters to investors because it provides a tax-advantaged way to save and invest for long-term financial security.
dividend equivalent rights financial
"Restricted stock units are entitled to dividend equivalent rights in the form of a cash payment"
Dividend equivalent rights are promises that mirror the cash payments shareholders get from a company’s profits, but they are paid to holders of certain awards (like stock options or restricted stock units) rather than to actual shares. Think of them as a paycheck top‑up that matches dividends while the award is not yet a real stock, and they matter to investors because they add to employee compensation costs and potential share dilution, affecting company profitability and per‑share value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did TFS Financial (TFSL) executive Sandra Long report in this Form 4?
Sandra M. Long reported exercising 5,000 stock options into TFS Financial common shares. A portion of the resulting shares was delivered back to the company to cover the option exercise price and related tax withholding obligations, reflecting a routine compensation-related transaction rather than an open-market trade.
What unexercised options and RSUs does Sandra Long still hold in TFS Financial (TFSL)?
She retains stock options covering 24,000 TFS Financial shares with a $12.94 exercise price expiring in 2034. In addition, she holds 8,000 restricted stock units, each representing a right to receive one common share upon vesting under the company’s equity compensation arrangements.
AI-generated analysis. How Rhea-AI works. Not financial advice.
