4//SEC Filing
BROSNAN MICHAEL L. 4
Accession 0001127602-21-017228
CIK 0001171825other
Filed
May 17, 8:00 PM ET
Accepted
May 18, 5:18 PM ET
Size
7.6 KB
Accession
0001127602-21-017228
Insider Transaction Report
Form 4
BROSNAN MICHAEL L.
Director
Transactions
- Exercise/Conversion
Common Stock
2021-05-15+658.513→ 14,541.606 total - Exercise/Conversion
Restricted Stock Units
2021-05-15−658.513→ 0 total→ Common Stock (658.513 underlying)
Footnotes (5)
- [F1]Filer elected to receive 100% stock upon settlement.
- [F2]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.
- [F3]Each restricted stock unit ("RSU") has the economic equivalent of one share of CIT common stock.
- [F4]The restricted stock units vested on a Saturday, therefore, the closing price of CIT common stock on the immediately preceding Friday was used for the settlement.
- [F5]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 0001690454
Filing Metadata
- Form type
- 4
- Filed
- May 17, 8:00 PM ET
- Accepted
- May 18, 5:18 PM ET
- Size
- 7.6 KB