4//SEC Filing
ROSENFELD GERALD 4
Accession 0001127602-20-017228
CIK 0001171825other
Filed
May 18, 8:00 PM ET
Accepted
May 19, 5:08 PM ET
Size
17.8 KB
Accession
0001127602-20-017228
Insider Transaction Report
Form 4
ROSENFELD GERALD
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2020-05-15−2,646.54→ 0 total→ Common Stock (2,646.54 underlying) - Exercise/Conversion
Deferred Share Unit
2020-05-15+689.872→ 20,146.283 total→ Common Stock (689.872 underlying) - Exercise/Conversion
Deferred Share Unit
2020-05-15+2,646.54→ 22,792.823 total→ Common Stock (2,646.54 underlying) - Exercise/Conversion
Restricted Stock Units
2020-05-15−785.153→ 0 total→ Common Stock (785.153 underlying) - Exercise/Conversion
Restricted Stock Units
2020-05-15−689.872→ 689.871 total→ Common Stock (689.872 underlying) - Exercise/Conversion
Deferred Share Unit
2020-05-15+785.153→ 19,456.411 total→ Common Stock (785.153 underlying)
Footnotes (10)
- [F1]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.
- [F10]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.
- [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.
- [F4]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.
- [F5]Each restricted stock unit ("RSU") has the economic equivalent of one share of CIT common stock.
- [F6]Each Deferred Share Unit is the economic equivalent of one share of CIT common stock.
- [F7]Filer elected to defer issuance of stock until he is no longer a member of the Board.
- [F8]Deferred share units ("DSU") will expire and settle in shares of common stock upon filer's departure from the Board.
- [F9]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.
Documents
Issuer
CIT GROUP INC
CIK 0001171825
Entity typeother
Related Parties
1- filerCIK 0001218779
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 5:08 PM ET
- Size
- 17.8 KB