CIT GROUP INC 4
4 · CIT GROUP INC · Filed Mar 17, 2016
Insider Transaction Report
Form 4
KNITTEL C JEFFREY
President, Transportation Fin.
Transactions
- Award
Common Stock
2016-03-15+8,280.66→ 176,715.539 total - Award
Common Stock
2016-03-15+36,131.612→ 163,173.559 total - Tax Payment
Common Stock
2016-03-15$32.52/sh−5,667$184,291→ 168,434.879 total - Tax Payment
Common Stock
2016-03-15$32.52/sh−4,294$139,641→ 172,421.539 total - Award
Common Stock
2016-03-15+10,928.32→ 174,101.879 total
Footnotes (6)
- [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 ("PBRSU") has the economic equivalent of one share of CIT common stock.
- [F3]Shares acquired upon final certification of performance share units awarded for the 2013-2015 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 settlement of performance share units.
- [F6]Shares acquired upon certification of first installment of performance share units awarded for the 2015-2017 performance period.