William M. Freeman - May 11, 2021 Form 4 Insider Report for CIT GROUP INC (CIT)

Role
Director
Signature
James P. Shanahan, Attorney-in-Fact for Mr. Freeman
Stock symbol
CIT
Transactions as of
May 11, 2021
Transactions value $
$0
Form type
4
Date filed
5/13/2021, 04:47 PM
Next filing
May 18, 2021

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 +2.46K $0.00 2.46K May 11, 2021 Common Stock 2.46K Direct F1
* 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.