Solk Steve 4
4 · CIT GROUP INC · Filed Feb 24, 2020
Insider Transaction Report
Form 4
Solk Steve
President, Business Capital
Transactions
- Award
Common Stock
2020-02-20+9,386.733→ 40,679.205 total - Award
Common Stock
2020-02-20+7,977.816→ 48,657.021 total - Tax Payment
Common Stock
2020-02-20$47.94/sh−2,805$134,472→ 45,852.021 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.