4//SEC Filing
FREEMAN WILLIAM M 4
Accession 0001127602-21-019091
CIK 0001171825other
Filed
Jun 2, 8:00 PM ET
Accepted
Jun 3, 7:15 PM ET
Size
8.5 KB
Accession
0001127602-21-019091
Insider Transaction Report
Form 4
FREEMAN WILLIAM M
Director
Transactions
- Exercise/Conversion
Restricted Stock Units
2021-06-01−8,480.326→ 0 total→ Common Stock (8,480.326 underlying) - Exercise/Conversion
Common Stock
2021-06-01+8,480.326→ 22,167.337 total - Disposition to Issuer
Common Stock
2021-06-01$53.32/sh−4,240.163$226,085→ 17,927.174 total
Footnotes (3)
- [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 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.
Documents
Issuer
CIT GROUP INC
CIK 0001171825
Entity typeother
Related Parties
1- filerCIK 0001254862
Filing Metadata
- Form type
- 4
- Filed
- Jun 2, 8:00 PM ET
- Accepted
- Jun 3, 7:15 PM ET
- Size
- 8.5 KB