CARPENTER MICHAEL A 4
4 · CIT GROUP INC · Filed May 14, 2021
Insider Transaction Report
Form 4
CARPENTER MICHAEL A
Director
Transactions
- Award
Restricted Stock Units
2021-05-11+2,457.244→ 2,457.244 total→ Common Stock (2,457.244 underlying)
Footnotes (3)
- [F1]RSUs are scheduled to vest 100% on June 1, 2022 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.