Ernesto Torres - Feb 20, 2025 Form 4 Insider Report for CITIGROUP INC (C)

Role
Head of International
Signature
Ernesto Torres Cantu by Joseph B. Wollard, Attorneyin-Fact
Stock symbol
C
Transactions as of
Feb 20, 2025
Transactions value $
-$66,433
Form type
4
Date filed
2/24/2025, 04:05 PM
Previous filing
Feb 18, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction C Common Stock Award $0 +1.87K +1.14% $0.00 166K Feb 20, 2025 Direct
transaction C Common Stock Tax liability -$66.4K -791 -0.48% $83.94 165K Feb 20, 2025 Direct F1
holding C Common Stock 89K Feb 20, 2025 By Spouse

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 C Performance Share Units Award $0 +31K $0.00 31K Feb 21, 2025 Common Stock 31K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Withholding of shares of common stock to satisfy tax withholding obligations in connection with the award of stock reported on this Form 4.
F2 On February 10, 2022 the Reporting Person received from the Issuer a target award of 46,669.27 Performance Share Units ("PSUs"), with the possibility to earn from 0% to 150% of the target award, based on (i) the Issuer's average return on tangible common equity ("RoTCE") over the three-year period ending on December 31, 2024 (the "Performance Period") and (ii) the Issuer's cumulative tangible book value per share ("TBVPS") over the Performance Period. Based on performance during the Performance Period, the Reporting Person is entitled to receive 30,988.40 PSUs.
F3 (con't) Each PSU is payable only in cash which is expected to be delivered on or about February 28, 2025. Each PSU is equivalent to the cash value of the average of the closing prices of one share of the Issuer's common stock on the New York Stock Exchange for the twenty trading days immediately preceding January 20, 2025, plus dividends declared on equivalent shares of the Issuer's common stock from December 31, 2021 through February 28, 2025.