Frank Alan L 4
4 · CIT GROUP INC · Filed Jun 3, 2021
Insider Transaction Report
Form 4
Frank Alan L
Director
Transactions
- Exercise/Conversion
Common Stock
2021-06-01+9,497.965→ 40,950.189 total - Exercise/Conversion
Restricted Stock Units
2021-06-01−9,497.965→ 0 total→ Common Stock (9,497.965 underlying)
Holdings
- 9,097(indirect: By Trust)
Common Stock
Footnotes (4)
- [F1]Filer elected to receive 100% stock upon settlement.
- [F2]Each Restricted Cash Unit is the economic equivalent of one share of CIT common stock.
- [F3]Pursuant to Rule 16a-1(a)(2)(ii)(B) under the Securities Exchange Act of 1934, as amended (the "Act"), the Reporting Person may be deemed to be the beneficial owner of the securities reported herein only to the extent of his pecuniary interest therein. Pursuant to Rule 16a-1(a)(4) under the Act, this filing shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any securities reported herein in excess of such amount.
- [F4]RSUs are scheduled to vest 100% on June 1, 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 date of settlement.