SEC Form 4 · accession 0001127602-18-023903
CIT GROUP INC · CIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Wahida Plummer
Officer — EVP & Chief Risk Officer
Period of report
Jul 25, 2018
Accepted (ET)
Jul 26, 2018 · 4:08 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 | Jul 25, 2018 | A | 1,651 | — | A | 12,628 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Performance-Based Restricted Stock Units ("PBRSUs") are scheduled to settle 100% in stock and vest one-third on August 1, 2019 and 1/3 per year in March 1, 2020 and 2021, subject to a performance based vesting hurdle (minimum Common Equity Tier 1 for well-capitalized Banks as established by the Federal Reserve Board).
- F2Each performance based restricted stock unit ("PBRSU") has the economic equivalent of one share of CIT common stock.