NEWMAN ARTHUR B 4
4 · CIT GROUP INC · Filed May 13, 2010
Insider Transaction Report
Form 4
NEWMAN ARTHUR B
Director
Transactions
- Award
Restricted Stock Units
2010-05-11+2,721.618→ 2,721.618 total→ Common Stock (2,721.618 underlying)
Footnotes (2)
- [F1]Each restricted stock unit represents one share of CIT common stock.
- [F2]RSU's are scheduled to vest in three equal installments on the first, second and third anniversaries of the date of grant and are payable 50% in shares of CIT common stock and 50% in cash which payment shall be based on the closing price of CIT common stock on the vesting date.