Garg Sunil 4

What Happened

• Sunil Garg, CEO of Citibank, N.A., reported two transactions on 2026-02-11: an open-market sale of 18,000 Citigroup (C) shares and the grant of 23,097.38 shares as a deferred stock award. The sale generated approximately $2,132,870 (average price $118.49); the award is reported at $0 acquisition price in the filing.

Key Details

• Transaction dates: 2026-02-11 (filed 2026-02-13; timely).
• Sale: 18,000 shares disposed in open market; average sale price $118.49; total proceeds ~$2,132,870. Reported trade prices ranged $118.41–$118.62 (see footnote F2).
• Award: 23,097.38 shares granted under the Issuer's 2019 Stock Incentive Plan, reported as acquisition code A at $0 (footnote F1).
• Vesting: award vests in four equal annual installments beginning January 20, 2027; none of the award is eligible for immediate sale (F1).
• Shares owned after transaction: not specified in the provided filing summary.
• No 10b5-1 plan, tax-withholding sale, or other plan is indicated in the supplied notes.

Context

• The sale was an open-market disposal (a routine sale from an insider’s perspective); the filing does not state the reason for the sale. The award is deferred stock that cannot be sold until it vests over the next four years, so it represents future compensation rather than an immediate liquidity event.