CIT GROUP INC 4
4 · CIT GROUP INC · Filed Oct 28, 2016
Insider Transaction Report
Form 4
Alderoty Stuart A
EVP, General Counsel & Secy.
Transactions
- Award
Common Stock
2016-10-26+22,160.665→ 22,160.665 total - Award
Common Stock
2016-10-26+6,925.208→ 29,085.873 total
Footnotes (3)
- [F1]Performance Based Restricted Stock Units ("PBRSU") are scheduled to settle 100% in stock and vest one-third per year on 10/26/2017, 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]Performance Based Restricted Stock Units ("PBRSU") are scheduled to settle 100% in stock and vest one-third on each of October 26, 2017, March 1, 2018, and March 1, 2019, subject to a performance based vesting hurdle (minimum Common Equity Tier 1 for well-capitalized Banks as established by the Federal Reserve Board).