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 | -8.48K | -100% | 0 | Jun 1, 2021 | Common Stock | 8.48K | Direct | F1, F2, F3, F4 | |||
transaction | CIT | Deferred Share Unit | Options Exercise | +8.48K | +86.33% | 18.3K | Jun 1, 2021 | Common Stock | 8.48K | Direct | F2, F3, F4, F5, F6 |
Id | Content |
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F1 | 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. |
F2 | Each Deferred Share Unit is the economic equivalent of one share of CIT common stock. |
F3 | Filer elected to receive 100% stock upon settlement. |
F4 | Each restricted stock unit ("RSU") has the economic equivalent of one share of CIT common stock. |
F5 | Filer elected to defer issuance of stock until no longer a member of the Board. |
F6 | Deferred share units ("DSU") will expire and settle in shares of common stock upon filer's departure from the Board. |