TRAN KHANH T 4
4 · CIT GROUP INC · Filed Jun 3, 2021
Insider Transaction Report
Form 4
TRAN KHANH T
Director
Transactions
- Exercise/Conversion
Common Stock
2021-06-01+7,801.9→ 17,582.793 total - Exercise/Conversion
Restricted Stock Units
2021-06-01−7,801.9→ 0 total→ Common Stock (7,801.9 underlying) - Disposition to Issuer
Common Stock
2021-06-01$53.32/sh−3,900.95$207,999→ 13,681.843 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.