Skyler Edward 4
4 · CITIGROUP INC · Filed Feb 24, 2026
Research Summary
AI-generated summary of this filing
Citigroup (C) Head of Enterprise Services Skyler Edward Receives Award
What Happened Skyler Edward, Head of Enterprise Services & Public Affairs at Citigroup, acquired 22,075.62 performance share units (PSUs) as a cash-settled award (transaction code A) reported on Form 4 for the 2026-02-20 grant. The award is reported at $0 (an equity award, not an open-market purchase). These PSUs were earned under a 2023 target grant of 43,116.45 PSUs and represent about 51.2% of the original target award.
Key Details
- Transaction date: 2026-02-20; Filing date: 2026-02-24 (timely).
- Amount: 22,075.62 PSUs; reported acquisition price: $0 (award).
- Origin: Target award granted Feb 16, 2023 for 43,116.45 PSUs; actual payout based on performance over the 3-year period ending Dec 31, 2025.
- Payment: PSUs are payable in cash (expected on or about Feb 28, 2026). Cash value = average NYSE closing price for the 20 trading days before Jan 20, 2026, plus dividends from Dec 31, 2022 through Feb 28, 2026 (per footnote).
- Shares owned after transaction: Not specified in the filing.
- Notable footnotes: Performance metrics were Citigroup’s average RoTCE and cumulative TBVPS over the performance period; payout range on the original grant was 0%–150% of target.
Context This was a performance-based, cash-settled PSU award vesting based on multi-year financial targets—not a market purchase or sale. Because the award settles in cash, no new common shares necessarily issued to the insider; the cash payout will reflect the PSU valuation method described above. The filing appears timely under Section 16 reporting rules.
Insider Transaction Report
- Award
Performance Share Units
[F1][F2]2026-02-20+22,075.62→ 22,075.62 total→ Common Stock (22,075.62 underlying)
- 207,022
Common Stock
Footnotes (2)
- [F1]On February 16, 2023 the Reporting Person received from the Issuer a target award of 43,116.45 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 22,075.62 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.