4//SEC Filing
OATES R. BRAD 4
Accession 0001127602-20-017227
CIK 0001171825other
Filed
May 18, 8:00 PM ET
Accepted
May 19, 5:07 PM ET
Size
19.1 KB
Accession
0001127602-20-017227
Insider Transaction Report
Form 4
OATES R. BRAD
Director
Transactions
- Exercise/Conversion
Common Stock
2020-05-15+752.587→ 18,845.085 total - Exercise/Conversion
Restricted Stock Units
2020-05-15−752.587→ 752.587 total→ Common Stock (752.587 underlying) - Exercise/Conversion
Common Stock
2020-05-15+856.53→ 18,520.764 total - Exercise/Conversion
Restricted Stock Units
2020-05-15−856.53→ 0 total→ Common Stock (856.53 underlying) - Exercise/Conversion
Deferred Share Unit
2020-05-15+2,842.58→ 4,994.823 total→ Common Stock (2,842.58 underlying) - Disposition to Issuer
Common Stock
2020-05-15$14.27/sh−428.266$6,111→ 18,092.498 total - Disposition to Issuer
Common Stock
2020-05-15$14.27/sh−376.294$5,370→ 18,468.791 total - Exercise/Conversion
Restricted Stock Units
2020-05-15−2,842.58→ 0 total→ Common Stock (2,842.58 underlying)
Footnotes (10)
- [F1]The restricted stock units settled 50% in stock and 50% in cash, which was deemed to occur through an acquisition of 100% of the underlying shares of CIT common stock and a simultaneous disposition to the issuer of 50% of the underlying shares of CIT common stock.
- [F10]Deferred share units ("DSU") will expire and settle in shares of common stock upon filer's departure from the Board.
- [F2]Each restricted stock unit ("RSU") has the economic equivalent of one share of CIT common stock.
- [F3]RSUs are scheduled to vest in three equal installments on May 15, 2018, 2019, and 2020 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 vesting date.
- [F4]RSUs are scheduled to vest in three equal installments on May 15, 2019, 2020, and 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 vesting date.
- [F5]RSUs are scheduled to vest fully on May 15, 2020 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 vesting date.
- [F6]Filer elected to defer issuance of stock until no longer a member of the Board.
- [F7]Filer elected to receive 100% stock upon settlement.
- [F8]Each Deferred Share Unit is the economic equivalent of one share of CIT common stock.
- [F9]Filer elected to defer issuance of stock until he is no longer a member of the Board.
Documents
Issuer
CIT GROUP INC
CIK 0001171825
Entity typeother
Related Parties
1- filerCIK 0001479189
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 5:07 PM ET
- Size
- 19.1 KB