Michael Carpenter - May 11, 2021 Form 4 Insider Report for CIT GROUP INC (CIT)

Role
Director
Signature
/s/ James P. Shanahan, attorney-in-fact for Mr. Carpenter
Stock symbol
CIT
Transactions as of
May 11, 2021
Transactions value $
$0
Form type
4
Date filed
5/14/2021, 10:20 AM
Next filing
May 18, 2021
SEC
View on sec.gov

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 Award $0 +2.46K $0.00 2.46K May 11, 2021 Common Stock 2.46K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 RSUs are scheduled to vest 100% on June 1, 2022 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 Filer elected to defer issuance of stock until no longer a member of the Board.
F3 Filer elected to receive 100% stock upon settlement.