Alan L. Frank - 11 May 2021 Form 4 Insider Report for CIT GROUP INC

Role
Director
Signature
/s/ James P. Shanahan, attorney-in-fact for Mr. Frank
Issuer symbol
N/A
Transactions as of
11 May 2021
Net transactions value
$0
Form type
4
Filing time
13 May 2021, 16:45:38 UTC
Next filing
18 May 2021
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction CIT Restricted Stock Units Award $0 +2,752 $0.000000 2,752 11 May 2021 Common Stock 2,752 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSUs are scheduled to vest 100% on June 1, 2022 and are payable 50% in shares of CIT common stock and 50% in cash. The cash payment shall be based on the closing price of CIT common stock on the date of settlement.
F2 Filer elected to receive 100% stock upon settlement.