OATES R. BRAD 4
4 · CIT GROUP INC · Filed May 16, 2019
Insider Transaction Report
Form 4
OATES R. BRAD
Director
Transactions
- Exercise/Conversion
Common Stock
2019-05-15+752.588→ 11,833.862 total - Exercise/Conversion
Common Stock
2019-05-15+856.532→ 12,314.1 total - Disposition to Issuer
Common Stock
2019-05-15$50.65/sh−376.294$19,059→ 11,457.568 total - Disposition to Issuer
Common Stock
2019-05-15$50.65/sh−428.266$21,692→ 11,885.834 total - Exercise/Conversion
Restricted Stock Units
2019-05-15−1,199.4→ 0 total→ Common Stock (1,199.4 underlying) - Exercise/Conversion
Common Stock
2019-05-15+1,199.4→ 13,085.234 total - Award
Restricted Stock Units
2019-05-14+2,842.58→ 2,842.58 total→ Common Stock (2,842.58 underlying) - Exercise/Conversion
Restricted Stock Units
2019-05-15−752.588→ 1,505.174 total→ Common Stock (752.588 underlying) - Exercise/Conversion
Restricted Stock Units
2019-05-15−856.532→ 856.53 total→ Common Stock (856.532 underlying)
Footnotes (8)
- [F1]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.
- [F2]Each restricted stock unit ("RSU") has the economic equivalent of one share of CIT common stock.
- [F3]Filer elected to receive 100% stock upon settlement.
- [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]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.
- [F7]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.
- [F8]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.