CORBAT MICHAEL 4
4 · CITIGROUP INC · Filed Jan 24, 2018
Insider Transaction Report
Form 4
CORBAT MICHAEL
CEO, Citi Holdings
Transactions
- Tax Payment
Common Stock
2018-01-22$78.19/sh−44,862.16$3,507,772→ 419,912.99 total - Award
Performance Share Units
2018-01-22+64,879.38→ 64,879.38 total→ Common Stock (64,879.38 underlying)
Holdings
- 1,781(indirect: By Trust)
Common Stock
Footnotes (3)
- [F1]Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously awarded stock.
- [F2]On February 16, 2015 the Reporting Person received from the Issuer a target award of 68,222.27 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 assets over the three-year period ending on December 31, 2017 (the "Performance Period") and (2) the Issuer's total shareholder return relative to the total shareholder return of certain of its peer financial services companies during the Performance Period. Based on the adjustments described above, the Reporting Person is entitled to receive 64,879.38 PSUs.
- [F3](Continuation of Footnote 2) Each PSU is payable only in cash which is expected to be delivered on February 16, 2018. Each PSU is equivalent to the cash value of the average of the closing prices of one share of the Issuer's common stock for the period January 12, 2018 through January 19, 2018, plus dividends declared on equivalent shares of the Issuer's common stock from December 31, 2014 through February 16, 2018.