McNiff Mary 4/A
4/A · CITIGROUP INC · Filed Feb 26, 2021
Insider Transaction Report
Form 4/AAmended
McNiff Mary
CEO, CITIBANK, N.A.
Transactions
- Award
Performance Share Units
2021-01-20+1,286.68→ 1,286.68 total→ Common Stock (1,286.68 underlying) - Tax Payment
Common Stock
2021-01-20$63.69/sh−2,561.89$163,167→ 24,208.77 total
Footnotes (5)
- [F1]Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously awarded stock.
- [F2]The original Form 4 filed on January 22, 2021 incorrectly stated the number of shares withheld for taxes.
- [F3]On February 15, 2018 the Reporting Person received from the Issuer a target award of 4,603.51 Performance Share Units ("PSUs"), with the possibility to earn from 0% to 150% of the target award, based on (i) the Issuer's cumulative earnings per share over the three-year period ending on December 31, 2020 (the "Performance Period") and (ii) the Issuer's average return on tangible common equity in 2020. Based on performance during the Performance Period, the Reporting Person is entitled to receive 1,286.68 PSUs.
- [F4](Continuation of Footnote 3) Each PSU is payable only in cash which is expected to be delivered on or about February 28, 2021. 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, 2021, plus dividends declared on equivalent shares of the Issuer's common stock from December 31, 2017 through February 28, 2021.
- [F5]Due to the downward adjustment of the Issuer's 4Q 2020 financial results that was reported in the Issuer's Form 10-K for the year ended December 31, 2020, the number of PSUs awarded to the Reporting Person was reduced by 48.34 units. The amounts reported in Table II reflect the reduction in the number of PSUs awarded to the Reporting Person that occurred following the filing of the original Form 4 on January 22, 2021.