Solk Steve 4
4 · CIT GROUP INC · Filed Feb 25, 2019
Insider Transaction Report
Form 4
Solk Steve
President, Business Capital
Transactions
- Award
Common Stock
2019-02-21+6,655.905→ 27,395.038 total - Award
Common Stock
2019-02-21+8,328.434→ 33,366.472 total - Tax Payment
Common Stock
2019-02-21$51.03/sh−2,357$120,278→ 25,038.038 total
Footnotes (5)
- [F1]Shares acquired upon final certification of performance share units awarded for the 2016-2018 performance period.
- [F2]Each performance share unit ("PSU") had the economic equivalent of one share of CIT common stock.
- [F3]Shares withheld to satisfy tax withholding obligations arising from settlement of performance share units.
- [F4]Performance Based Restricted Stock Units ("PBRSU") are scheduled to settle 100% in stock and will vest one-third per year on March 1, 2020, 2021, and 2022, subject to a performance based vesting hurdle (minimum Common Equity Tier 1 for well-capitalized Banks as established by the Federal Reserve Board).
- [F5]Each restricted stock unit ("RSU") has the economic equivalent of one share of CIT common stock.