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 | +2.85K | $0.00 | 2.85K | May 11, 2021 | Common Stock | 2.85K | Direct | F1, F2, F3 |
Id | Content |
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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 defer issuance of stock until no longer a member of the Board. |
F3 | Filer elected to receive 100% stock upon settlement. |