OATES R. BRAD 4
4 · CIT GROUP INC · Filed Jun 3, 2021
Insider Transaction Report
Form 4
OATES R. BRAD
Director
Transactions
- Exercise/Conversion
Deferred Share Unit
2021-06-01+9,837.178→ 14,832.001 total→ Common Stock (9,837.178 underlying) - Exercise/Conversion
Restricted Stock Units
2021-06-01−9,837.178→ 0 total→ Common Stock (9,837.178 underlying)
Footnotes (6)
- [F1]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.
- [F2]Filer elected to receive 100% stock upon settlement.
- [F3]Each restricted stock unit ("RSU") has the economic equivalent of one share of CIT common stock.
- [F4]Each Deferred Share Unit is the economic equivalent of one share of CIT common stock.
- [F5]Filer elected to defer issuance of stock until he is no longer a member of the Board.
- [F6]Deferred share units ("DSU") will expire and settle in shares of common stock upon filer's departure from the Board.