0001127602-21-019091.txt : 20210603 0001127602-21-019091.hdr.sgml : 20210603 20210603191533 ACCESSION NUMBER: 0001127602-21-019091 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20210601 FILED AS OF DATE: 20210603 DATE AS OF CHANGE: 20210603 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: FREEMAN WILLIAM M CENTRAL INDEX KEY: 0001254862 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-31369 FILM NUMBER: 21994243 MAIL ADDRESS: STREET 1: C/O CIT GROUP INC. STREET 2: 1 CIT DRIVE, #3251-9 CITY: LIVINGSTON STATE: NJ ZIP: 07039 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CIT GROUP INC CENTRAL INDEX KEY: 0001171825 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 651051192 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1 CIT DRIVE CITY: LIVINGSTON STATE: NJ ZIP: 07039 BUSINESS PHONE: 9737405000 MAIL ADDRESS: STREET 1: 1 CIT DRIVE CITY: LIVINGSTON STATE: NJ ZIP: 07039 FORMER COMPANY: FORMER CONFORMED NAME: CIT GROUP INC DEL DATE OF NAME CHANGE: 20020422 4 1 form4.xml PRIMARY DOCUMENT X0306 4 2021-06-01 0001171825 CIT GROUP INC CIT 0001254862 FREEMAN WILLIAM M C/O CIT GROUP INC. 1 CIT DRIVE, #3251-9 LIVINGSTON NJ 07039 1 Common Stock 2021-06-01 4 M 0 8480.326 A 22167.3368 D Common Stock 2021-06-01 4 D 0 4240.163 53.32 D 17927.1738 D Restricted Stock Units 2021-06-01 4 M 0 8480.326 D Common Stock 8480.326 0 D The restricted stock units settled 50% in stock and 50% in cash, which was deemed to occur through an acquisition of 100% of the underlying shares of CIT common stock and a simultaneous disposition to the issuer of 50% of the underlying shares of CIT common stock. Each restricted stock unit ("RSU") has the economic equivalent of one share of CIT common stock. RSUs are scheduled to vest 100% on June 1, 2021 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. James P. Shanahan, Attorney-in-Fact for Mr. Freeman 2021-06-03