Jones Michael Sterling 4
4 · CIT GROUP INC · Filed Feb 2, 2018
Insider Transaction Report
Form 4
Jones Michael Sterling
President, Business Capital
Transactions
- Award
Common Stock
2018-01-31+3,333.991→ 3,947.79 total - Tax Payment
Common Stock
2018-02-01$52.10/sh−61$3,178→ 3,886.79 total
Footnotes (3)
- [F1]Performance Based Restricted Stock Units ("PBRSU") are scheduled to settle 100% in stock and vest one-third per year on February 1, 2019, 2020 and 2021, 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 withheld to satisfy tax withholding obligations arising from settlement of restricted stock units.