Key facts
- This page summarizes Dorene C. Dominguez's Form 4 filing for CIT GROUP INC.
- 2 reported transactions and 1 derivative row are listed below.
- Accepted by SEC: 05 Jan 2022, 17:42.
Dorene C. Dominguez - 03 Jan 2022 Form 4 Insider Report for CIT GROUP INC
- Reporting relationship
- Director
- Issuer ticker
- N/A
- Reported as of
- 03 Jan 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 05 Jan 2022, 17:42:47 UTC
- Prior SEC filing
- 04 Jan 2022
- Next SEC filing
- 11 Apr 2022
- Source filing
- View source filing
- Reporting owner signature
- /s/ James P. Shanahan, attorney-in-fact for Ms. Dominguez
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Dorene C. Dominguez filed Form 4 for CIT GROUP INC on 05 Jan 2022.
Change
- Previous filing in this sequence was filed on 04 Jan 2022.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
CIT
transaction
Common Stock
Disposed to Issuer
- Transaction value
- Shares
- -9,505
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 03 Jan 2022
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
CIT
transaction
Derivative
Restricted Stock Units
Disposed to Issuer
- Transaction value
- Shares
- -2,261
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 03 Jan 2022
- Ownership
- Direct
- Underlying class
- Common Stock
- Underlying amount
- 2,261
- Exercise price
- Footnotes
- F2, F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Dorene C. Dominguez is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 3 footnotes
Footnote F1
Pursuant to the Agreement and Plan of Merger, dated October 15, 2020, by and among CIT Group Inc. ("CIT"), First Citizens BancShares, Inc. ("BancShares"), First-Citizens Bank & Trust Company, and FC Merger Subsidiary IX, Inc. (as amended from time to time, the "Merger Agreement"), a transaction exempt under Rule 16b-3, each issued and outstanding share of common stock, par value $0.01 per share, of CIT ("CIT Common Stock") was converted into 0.06200 (the "Exchange Ratio") shares of Class A common stock, par value $1.00 per share, of BancShares (the "BancShares Class A Common Stock"). On December 31, 2021 (the business day prior to the merger), the closing price of one share of CIT Common Stock was $51.34.
Footnote F2
Each CIT RSU had the economic equivalent of one share of CIT Common Stock.
Footnote F3
For Ms. Dominguez, pursuant to the Merger Agreement, a transaction exempt under Rule 16b-3, (1) 1,130.333 unvested restricted stock units in respect of shares of CIT Common Stock ("CIT RSUs") (not subject to deferral) automatically vested upon the effective time and were converted into 70 shares of BancShares Class A Common Stock as multiplied by the Exchange Ratio less fractional shares paid in cash, and (2) CIT RSUs representing the right to receive the value of 1,130.333 shares of CIT Common Stock in cash were settled in cash following the merger.