MICHAEL L. BROSNAN - 01 Jun 2021 Form 4 Insider Report for CIT GROUP INC

Role: Director
Signature: /s/ James P. Shanahan, attorney-in-fact for Mr. Brosnan
Issuer symbol: N/A
Transactions as of: 01 Jun 2021
Net transactions value: $0
Form type: 4
Filing time: 03 Jun 2021, 19:02:36 UTC
Previous filing: 18 May 2021
Next filing: 04 Nov 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	CIT	Common Stock	Options Exercise		+9,498	+65%		24,040	01 Jun 2021	Direct	F1, F2

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	Options Exercise		-9,498	-100%		0	01 Jun 2021	Common Stock	9,498		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Filer elected to receive 100% stock upon settlement.
F2	Each restricted stock unit ("RSU") has the economic equivalent of one share of CIT common stock.
F3	RSUs are scheduled to vest 100% on June 1, 2021 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.