Citizens Financial (CFG) Head Matthew Boss Withholds 10,778 Shares

What Happened

• Matthew Boss, Head of Consumer Banking at Citizens Financial Group (CFG), had 10,778 shares withheld on 2026-09-01 to satisfy tax obligations tied to an equity award or option exercise. The shares were valued at $68.87 each, totaling $742,281. This is a tax-withholding disposition (code F), not an open-market sale.

Key Details

• Transaction date: 2026-09-01
• Price per share: $68.87
• Shares withheld/disposed: 10,778
• Reported transaction value: $742,281
• Filing date: 2026-09-03 — appears timely (Form 4s are due within two business days)
• Shares owned after transaction: not specified in the provided filing excerpt
• Notable code/footnote: F = payment of exercise price or tax liability (shares withheld to cover taxes)
• No 10b5-1 plan or other special instructions disclosed in the provided data

Context

• This type of transaction usually reflects tax withholding tied to option exercises or vested restricted stock units; withheld shares are often retained or canceled by the company to cover taxes rather than sold on the open market. Such tax-withholding disposals are common and do not necessarily indicate the insider is reducing their overall investment position.