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