Robbins Philip 4
4 · CIT GROUP INC · Filed Aug 21, 2019
Insider Transaction Report
Form 4
Robbins Philip
Pres., Asset Mgmt & Cap Mkts
Transactions
- Award
Common Stock
2019-08-19+10,035.419→ 10,035.419 total - Award
Common Stock
2019-08-19+7,969.303→ 18,004.722 total
Footnotes (3)
- [F1]Performance Based Restricted Stock Units ("PBRSU") are scheduled to settle 100% in stock and vest one-third per year on September 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).
- [F2]Each performance based restricted stock unit ("PBRSU") has the economic equivalent of one share of CIT common stock.
- [F3]Performance Based Restricted Stock Units ("PBRSU") are scheduled to settle 100% in stock and vest one-third per year on September 1, 2020, March 1, 2021 and March 1, 2022, subject to a performance based vesting hurdle (minimum Common Equity Tier 1 for well-capitalized Banks as established by the Federal Reserve Board).