Selvakesari Anand 4
4 · CITIGROUP INC · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
Citigroup COO Selvakesari Anand Receives Award of 34,255.54 PSUs
What Happened
Selvakesari Anand, Chief Operating Officer of Citigroup Inc., was awarded 34,255.54 performance share units (PSUs) on 2026-02-20. The award is reported as a derivative acquisition at $0.00 (grant). These PSUs are payable only in cash (not shares) and are expected to be delivered on or about February 28, 2026, based on a stock-price formula described below.
Key Details
- Transaction date: February 20, 2026; Transaction code: A (award/grant); Price: $0.00 (grant).
- Amount awarded: 34,255.54 PSUs (derivative units payable in cash).
- Payout timing: Expected on or about February 28, 2026.
- Footnotes: The PSUs were part of a target award of 66,905.35 PSUs granted Feb 16, 2023; actual payout (0–150% range) was determined by Citigroup’s average RoTCE and cumulative TBVPS for the 3‑year performance period ending Dec 31, 2025. Each PSU’s cash value equals the average closing price of Citigroup stock for the 20 trading days before Jan 20, 2026, plus dividends declared from Dec 31, 2022 through Feb 28, 2026.
- Shares owned after transaction: Not specified in this filing.
- Filing timeliness: Form 4 was filed on Feb 24, 2026 for a Feb 20, 2026 transaction (filed within required business-day window).
Context
PSUs are performance-based equity awards that vest/pay only if specified company performance goals are met; this award is payable in cash rather than newly issued shares, so it will not directly increase Citigroup’s outstanding share count. Such awards reflect compensation tied to multi-year company metrics rather than an immediate market buy or sell by the insider.
Insider Transaction Report
- Award
Performance Share Units
[F1][F2]2026-02-20+34,255.54→ 34,255.54 total→ Common Stock (34,255.54 underlying)
- 231,227.31
Common Stock
Footnotes (2)
- [F1]On February 16, 2023 the Reporting Person received from the Issuer a target award of 66,905.35 Performance Share Units ("PSUs"), with the possibility to earn from 0% to 150% of the target award, based on (i) the Issuer's average return on tangible common equity ("RoTCE") over the three-year period ending on December 31, 2025 (the "Performance Period") and (ii) the Issuer's cumulative tangible book value per share ("TBVPS") over the Performance Period. Based on performance during the Performance Period, the Reporting Person is entitled to receive 34,255.54 PSUs.
- [F2](con't) Each PSU is payable only in cash which is expected to be delivered on or about February 28, 2026. Each PSU is equivalent to the cash value of the average of the closing prices of one share of the Issuer's common stock on the New York Stock Exchange for the twenty trading days immediately preceding January 20, 2026, plus dividends declared on equivalent shares of the Issuer's common stock from December 31, 2022 through February 28, 2026.