SEC Form 4 · accession 0001127602-19-008029
CIT GROUP INC · CIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Matthew Galligan
Officer — President, Real Estate Finance
Period of report
Feb 21, 2019
Accepted (ET)
Feb 25, 2019 · 4:17 pm EST
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 | Feb 21, 2019 | A | 7,395 | — | A | 33,579 | D | |
| Common Stock | Feb 21, 2019 | F | 2,827 | $51.03 | D | 30,752 | D | |
| Common StockF5 | Feb 21, 2019 | A | 5,389 | — | A | 36,141 | 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 2016-2018 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.
- F4Performance Based Restricted Stock Units ("PBRSU") are scheduled to settle 100% in stock and will vest one-third per year on March 1, 2020, 2021, and 2022, subject to a performance based vesting hurdle (minimum Common Equity Tier 1 for well-capitalized Banks as established by the Federal Reserve Board).
- F5Each restricted stock unit ("RSU") has the economic equivalent of one share of CIT common stock.