4//SEC Filing
ROSENFELD GERALD 4
Accession 0001127602-19-018755
CIK 0001171825other
Filed
May 15, 8:00 PM ET
Accepted
May 16, 4:45 PM ET
Size
25.6 KB
Accession
0001127602-19-018755
Insider Transaction Report
Form 4
ROSENFELD GERALD
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2019-05-15−689.872→ 1,379.743 total→ Common Stock (689.872 underlying) - Exercise/Conversion
Restricted Stock Units
2019-05-15−1,099.45→ 0 total→ Common Stock (1,099.45 underlying) - Exercise/Conversion
Deferred Share Unit
2019-05-15+1,099.45→ 18,671.258 total→ Common Stock (1,099.45 underlying) - Exercise/Conversion
Deferred Share Unit
2019-05-15+785.154→ 17,571.808 total→ Common Stock (785.154 underlying) - Exercise/Conversion
Deferred Share Unit
2019-05-15+689.872→ 16,786.654 total→ Common Stock (689.872 underlying) - Exercise/Conversion
Restricted Stock Units
2019-05-15−785.154→ 785.153 total→ Common Stock (785.154 underlying) - Award
Common Stock
2019-05-14+882.18→ 18,531.243 total - Award
Restricted Stock Units
2019-05-14+2,646.54→ 2,646.54 total→ Common Stock (2,646.54 underlying)
Footnotes (13)
- [F1]Filer elected to receive restricted stock units in lieu of cash compensation.
- [F10]Filer elected to defer issuance of stock until he is no longer a member of the Board.
- [F11]Deferred share units ("DSU") will expire and settle in shares of common stock upon filer's departure from the Board.
- [F12]RSUs are scheduled to vest in three equal installments on May 15, 2018, 2019, and 2020 and are payable 50% in shares of CIT common stock and 50% in cash. The cash payment shall be based on the closing price of CIT common stock on the vesting date.
- [F13]RSUs are scheduled to vest in three equal installments on May 15, 2017, 2018, and 2019 and are payable 50% in shares of CIT common stock and 50% in cash. The cash payment shall be based on the closing price of CIT common stock on the vesting date.
- [F2]Restricted Stock Units are scheduled to settle 100% in shares of CIT common stock on May 15, 2020.
- [F3]Each restricted stock unit ("RSU") has the economic equivalent of one share of CIT common stock.
- [F4]RSUs are scheduled to vest fully on May 15, 2020 and are payable 50% in shares of CIT common stock and 50% in cash. The cash payment shall be based on the closing price of CIT common stock on the vesting date.
- [F5]Filer elected to defer issuance of stock until no longer a member of the Board.
- [F6]Filer elected to receive 100% stock upon settlement.
- [F7]RSUs are scheduled to vest in three equal installments on May 15, 2019, 2020, and 2021 and are payable 50% in shares of CIT common stock and 50% in cash. The cash payment shall be based on the closing price of CIT common stock on the vesting date.
- [F8]The restricted stock units settled 50% in stock and 50% in cash, which was deemed to occur through an acquisition of 100% of the underlying shares of CIT common stock and a simultaneous disposition to the issuer of 50% of the underlying shares of CIT common stock.
- [F9]Each Deferred Share Unit is the economic equivalent of one share of CIT common stock.
Issuer
CIT GROUP INC
CIK 0001171825
Entity typeother
Related Parties
1- filerCIK 0001218779
Filing Metadata
- Form type
- 4
- Filed
- May 15, 8:00 PM ET
- Accepted
- May 16, 4:45 PM ET
- Size
- 25.6 KB