McPhail Kenneth 4
4 · CIT GROUP INC · Filed Sep 6, 2017
Insider Transaction Report
Form 4
McPhail Kenneth
EVP, Chief Strategy Officer
Transactions
- Award
Common Stock
2017-09-01+4,420.867→ 10,278.516 total - Award
Common Stock
2017-09-01+5,857.649→ 5,857.649 total
Footnotes (3)
- [F1]Performance Based Restricted Stock Units ("PBRSU") are scheduled to settle 100% in stock and vest 70% on June 15, 2019 and 30% on June 15, 2020, 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 September 1, 2018 and 1/3 per year in March 15, 2019 and 2020, subject to a performance based vesting hurdle (minimum Common Equity Tier 1 for well-capitalized Banks as established by the Federal Reserve Board).