Ellen R. Alemany - Dec 17, 2021 Form 4 Insider Report for CIT GROUP INC (CIT)

Role
Chair & CEO, Director
Signature
/s/ James P. Shanahan, attorney-in-fact for Ms. Alemany
Stock symbol
CIT
Transactions as of
Dec 17, 2021
Transactions value $
$0
Form type
4
Date filed
12/21/2021, 04:07 PM
Previous filing
Aug 18, 2021
Next filing
Jan 5, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction CIT Common Stock Award +108K +50.1% 323K Dec 17, 2021 Direct F1
holding CIT Common Stock 15.3K Dec 17, 2021 Schwab July 2020 GRAT #1 u/a/d 7/29/2020
holding CIT Common Stock 38.8K Dec 17, 2021 Schwab June 2020 GRAT #1 (CIT) u/a/d 6/18/2020
holding CIT Common Stock 141K Dec 17, 2021 Schwab March 2020 GRAT #1 (CIT) u/a/d 3/31/2020
holding CIT Common Stock 59.2K Dec 17, 2021 Schwab September 2020 GRAT #2 (CIT) u/a/d 9/25/2020
holding CIT Series B Preferred 30K Dec 17, 2021 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Performance-Based Restricted Stock Units (PBRSU) are scheduled to settle 100% in stock and will vest 100% at the earlier of (1) third anniversary of the grant and (2) second anniversary of the Closing (together, the Scheduled Vesting Date), and are subject to a performance based vesting hurdle (minimum Common Equity Tier 1 for well-capitalized Banks as established by the Federal Reserve Board.)