OATES R. BRAD 4
4 · CIT GROUP INC · Filed May 14, 2020
Insider Transaction Report
Form 4
OATES R. BRAD
Director
Transactions
- Award
Restricted Stock Units
2020-05-12+9,837.178→ 9,837.178 total→ Common Stock (9,837.178 underlying)
Footnotes (3)
- [F1]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.
- [F2]Filer elected to defer issuance of stock until no longer a member of the Board.
- [F3]Filer elected to receive 100% stock upon settlement.