DUFFY JAMES J 4
4 · CIT GROUP INC · Filed Feb 24, 2020
Insider Transaction Report
Form 4
DUFFY JAMES J
Executive Vice President
Transactions
- Tax Payment
Common Stock
2020-02-20$47.94/sh−2,262$108,440→ 40,384.701 total - Award
Common Stock
2020-02-20+6,569.967→ 42,646.701 total - Award
Common Stock
2020-02-20+7,300.793→ 36,076.734 total
Footnotes (5)
- [F1]Performance Based Restricted Stock Units ("PBRSU") are scheduled to settle 100% in stock and will vest one-third per year on March 1, 2021, 2022, and 2023, 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]Shares acquired upon final certification of performance share units awarded for the 2017-2019 performance period.
- [F4]Each performance share unit ("PSU") had the economic equivalent of one share of CIT common stock.
- [F5]Shares withheld to satisfy tax withholding obligations arising from settlement of performance share units.