CIT GROUP INC 4
4 · CIT GROUP INC · Filed Mar 17, 2016
Insider Transaction Report
Form 4
Allen Bryan David
EVP, Chief HR Officer
Transactions
- Award
Common Stock
2016-03-15+6,150.062→ 35,054.314 total - Tax Payment
Common Stock
2016-03-15$32.52/sh−345$11,219→ 35,634.281 total - Award
Common Stock
2016-03-15+924.967→ 35,979.281 total
Footnotes (5)
- [F1]Performance Based Restricted Stock Units ("PBRSU") are scheduled to settle 100% in stock and vest one-third per year on March 1, 2017, 2018 and 2019, subject to a performance based vesting hurdle (minimum Common Equity Tier 1 for well-capitalized Banks as established by the Federal Reserve Board).
- [F2]Each performance based restricted stock unit has the economic equivalent of one share of CIT common stock.
- [F3]Shares acquired upon certification of first installment of performance share units awarded for the 2015-2017 performance period.
- [F4]Each performance share unit ("PSU") had the economic equivalent of one share of CIT common stock.
- [F5]Shares withheld to satisfy tax withholding obligations arising from certification and settlement of performance share units.