SEC Form 4 · accession 0001127602-18-011851
CIT GROUP INC · CIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James L Hudak
Officer — President, Commercial Banking
Period of report
Mar 14, 2018
Accepted (ET)
Mar 16, 2018 · 5:03 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001171825
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | Mar 14, 2018 | A | 9,980 | — | A | 70,255 | D | |
| Common Stock | Mar 14, 2018 | F | 4,888 | $54.04 | D | 65,367 | D | |
| Common StockF2 | Mar 14, 2018 | A | 2,997 | — | A | 68,364 | D | |
| Common Stock | Mar 14, 2018 | F | 1,468 | $54.04 | D | 66,896 | D | |
| Common Stock | Mar 15, 2018 | F | 1,669 | $54.00 | D | 65,227 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares acquired upon final certification of performance share units awarded for the 2015-2017 performance period.
- F2Each performance share unit ("PSU") had the economic equivalent of one share of CIT common stock.
- F3Shares withheld to satisfy tax withholding obligations arising from settlement of performance share units.
- F4Shares withheld to satisfy tax withholding obligations arising from settlement of restricted stock units.