Skyler Edward 4

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.