BROSNAN MICHAEL L. 4
4 · CIT GROUP INC · Filed May 16, 2019
Insider Transaction Report
Form 4
BROSNAN MICHAEL L.
Director
Transactions
- Exercise/Conversion
Common Stock
2019-05-15+658.514→ 5,176.149 total - Exercise/Conversion
Common Stock
2019-05-15+749.465→ 5,925.614 total - Exercise/Conversion
Restricted Stock Units
2019-05-15−658.514→ 1,317.027 total→ Common Stock (658.514 underlying) - Exercise/Conversion
Restricted Stock Units
2019-05-15−749.465→ 749.465 total→ Common Stock (749.465 underlying) - Award
Restricted Stock Units
2019-05-14+2,450.5→ 2,450.5 total→ Common Stock (2,450.5 underlying)
Footnotes (5)
- [F1]Filer elected to receive 100% stock upon settlement.
- [F2]Each restricted stock unit ("RSU") has the economic equivalent of one share of CIT common stock.
- [F3]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.
- [F4]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.
- [F5]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.