4//SEC Filing
RYAN JOHN R 4
Accession 0001127602-20-017231
CIK 0001171825other
Filed
May 18, 8:00 PM ET
Accepted
May 19, 5:09 PM ET
Size
19.1 KB
Accession
0001127602-20-017231
Insider Transaction Report
Form 4
RYAN JOHN R
Director
Transactions
- Exercise/Conversion
Common Stock
2020-05-15+815.303→ 12,991.353 total - Exercise/Conversion
Restricted Stock Units
2020-05-15−3,234.66→ 0 total→ Common Stock (3,234.66 underlying) - Disposition to Issuer
Common Stock
2020-05-15$14.27/sh−463.954$6,621→ 12,176.05 total - Exercise/Conversion
Common Stock
2020-05-15+3,234.66→ 15,818.362 total - Disposition to Issuer
Common Stock
2020-05-15$14.27/sh−1,617.33$23,079→ 14,201.032 total - Exercise/Conversion
Restricted Stock Units
2020-05-15−815.303→ 815.303 total→ Common Stock (815.303 underlying) - Exercise/Conversion
Common Stock
2020-05-15+927.908→ 12,640.004 total - Disposition to Issuer
Common Stock
2020-05-15$14.27/sh−407.651$5,817→ 12,583.702 total - Exercise/Conversion
Restricted Stock Units
2020-05-15−927.908→ 0 total→ Common Stock (927.908 underlying)
Footnotes (5)
- [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.
- [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.
Documents
Issuer
CIT GROUP INC
CIK 0001171825
Entity typeother
Related Parties
1- filerCIK 0001243319
Filing Metadata
- Form type
- 4
- Filed
- May 18, 8:00 PM ET
- Accepted
- May 19, 5:09 PM ET
- Size
- 19.1 KB