ROSENFELD GERALD 4
4 · CIT GROUP INC · Filed May 14, 2020
Insider Transaction Report
Form 4
ROSENFELD GERALD
Director
Transactions
- Award
Common Stock
2020-05-12+3,052.918→ 29,595.397 total - Award
Restricted Stock Units
2020-05-12+9,158.752→ 9,158.752 total→ Common Stock (9,158.752 underlying)
Footnotes (6)
- [F1]Filer elected to receive restricted stock units in lieu of cash compensation.
- [F2]Restricted stock units are scheduled to vest 100% in stock on June 1, 2021.
- [F3]Each restricted stock unit ("RSU") has the economic equivalent of one share of CIT common stock.
- [F4]RSUs are scheduled to vest 100% on June 1, 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 date of settlement.
- [F5]Filer elected to defer issuance of stock until no longer a member of the Board.
- [F6]Filer elected to receive 100% stock upon settlement.