Form 4: TFS Financial Corp Executive Sandra M. Long Reports Stock Option Expiry and Holdings
SEC Form 4 Filing
Sandra M. Long, Chief Consumer Banking Officer at TFS Financial Corp, reports the expiry of stock options and details her holdings in company stock and derivative securities.
Summary
- Sandra M. Long, Chief Consumer Banking Officer of TFS Financial Corp, filed a Form 4 detailing changes in her beneficial ownership of company securities.
- The report includes the expiry of 7,000 employee stock options on December 11, 2024.
- Long holds 20,076 shares of common stock directly and 13,377 shares indirectly through a 401(k) and ESOP.
- She also holds 8,000 restricted stock units that vest on December 10, 2026.
- Additionally, she has employee stock options for 5,000 shares at $14.74, 24,000 shares at $12.94, and 7,000 shares at $15.08.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing detailing standard insider transactions. There is no positive or negative sentiment associated with the information.
Negatives
- 7,000 employee stock options held by Sandra M. Long expired on December 11, 2024.
Industry Context
This filing is a routine disclosure of insider transactions, which is a standard practice for publicly traded companies. It provides transparency into the holdings of company executives.
Comparison to Industry Standards
- Form 4 filings are a standard requirement for all publicly traded companies in the US, ensuring transparency of insider transactions.
- The reported transactions are typical for executives who receive stock options and restricted stock units as part of their compensation packages.
- The vesting schedules and option terms are consistent with industry norms for executive compensation.
Stakeholder Impact
- The filing provides transparency to shareholders regarding the holdings of company executives.
- The information is relevant to investors who track insider transactions as part of their investment analysis.
Key Dates
| Date | Description |
|---|---|
| 01/05/2018 | Sandra M. Long received a grant of 5,000 stock options. |
| 12/10/2020 | 5,000 stock options granted on January 5, 2018 fully vested. |
| 03/04/2024 | Sandra M. Long received a grant of 8,000 Restricted Stock Units and 24,000 stock options. |
| 12/11/2024 | 7,000 employee stock options expired. |
| 12/10/2026 | 8,000 Restricted Stock Units and 24,000 stock options granted on March 4, 2024 fully vest. |
| 01/05/2028 | Expiration date of 5,000 stock options granted on January 5, 2018. |
| 03/04/2034 | Expiration date of 24,000 stock options granted on March 4, 2024. |
| 12/13/2024 | Date of filing of the Form 4. |
Keywords
Form 4, TFS Financial Corp, Sandra M. Long, stock options, restricted stock units, beneficial ownership, insider trading, equity securities
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