0001127602-19-018754.txt : 20190516
0001127602-19-018754.hdr.sgml : 20190516
20190516164433
ACCESSION NUMBER: 0001127602-19-018754
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20190514
FILED AS OF DATE: 20190516
DATE AS OF CHANGE: 20190516
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: RYAN JOHN R
CENTRAL INDEX KEY: 0001243319
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-31369
FILM NUMBER: 19832916
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
2019-05-14
0001171825
CIT GROUP INC
CIT
0001243319
RYAN JOHN R
C/O CIT GROUP INC.
1 CIT DRIVE, #3251-9
LIVINGSTON
NJ
07039
1
Common Stock
2019-05-15
4
M
0
815.302
A
11006.117
D
Common Stock
2019-05-15
4
D
0
407.651
50.65
D
10598.466
D
Common Stock
2019-05-15
4
M
0
927.91
A
11526.376
D
Common Stock
2019-05-15
4
D
0
463.955
50.65
D
11062.421
D
Common Stock
2019-05-15
4
M
0
1299.351
A
12361.772
D
Common Stock
2019-05-15
4
D
0
649.676
50.65
D
11712.096
D
Restricted Stock Units
2019-05-14
4
A
0
3234.66
0
A
Common Stock
3234.66
3234.66
D
Restricted Stock Units
2019-05-15
4
M
0
815.302
D
Common Stock
815.302
1630.606
D
Restricted Stock Units
2019-05-15
4
M
0
927.91
D
Common Stock
927.91
927.908
D
Restricted Stock Units
2019-05-15
4
M
0
1299.351
D
Common Stock
1299.351
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 fully on May 15, 2020 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 vesting date.
RSUs are scheduled to vest in three equal installments on May 15, 2019, 2020, and 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 vesting date.
RSUs are scheduled to vest in three equal installments on May 15, 2018, 2019, and 2020 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 vesting date.
RSUs are scheduled to vest in three equal installments on May 15, 2017, 2018, and 2019 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 vesting date.
/s/ James P. Shanahan, Attorney-in-Fact for Mr. Ryan
2019-05-16
EX-24
2
doc1.txt
POWER OF ATTORNEY (PUBLIC): POWER OF ATTORNEY 2019
Power of Attorney
Know all by these presents, that the undersigned hereby
constitutes and appoints each of JAMES R. HUBBARD, JAMES P. SHANAHAN and
DOUGLAS WITTE signing singly, the undersigned's true and lawful attorney-
in-fact to:
(1) execute for and on behalf of the undersigned, in the undersigned's capacity
as an officer and/or director of CIT Group Inc. (the "Company"), Forms 3, 4 and
5 in accordance with Section 16(a) of the Securities Exchange Act of 1934, as
amended (the "Exchange Act"), and the rules thereunder;
(2) do and perform any and all acts for and on behalf of the undersigned which
may be necessary or desirable to complete and execute any such Form 3, 4 or 5
and timely file such form with the United States Securities and Exchange
Commission and any stock exchange or similar authority, including, without
limitation, the execution and delivery of a Form ID Application for EDGAR
Access; and
(3) take any other action of any type whatsoever in connection with the
foregoing which, in the opinion of such attorney-in-fact, may be of benefit
to, in the best interest of, or legally required by, the undersigned, it being
understood that the documents executed by such attorney-in-fact on behalf of
the undersigned pursuant to this Power of Attorney shall be in such form and
shall contain such terms and conditions as such attorney-in-fact may approve
in such attorney-in-fact's discretion.
The undersigned hereby grants to each such attorney-in-fact
full power and authority to do and perform any and every act and thing
whatsoever requisite, necessary or proper to be done in the exercise of any
of the rights and powers herein granted, as fully to all intents and purposes
as the undersigned might or could do if personally present, with full power
of substitution or revocation, hereby ratifying and confirming all that such
attorney-in-fact, or such attorney-in-fact's substitute or substitutes, shall
lawfully do or cause to be done by virtue of this power of attorney and the
rights and powers herein granted. The undersigned acknowledges that the
foregoing attorneys-in-fact, in serving in such capacity at the request of
the undersigned, are not assuming, nor is the Company assuming, any of the
undersigned's responsibilities to comply with Section 16 of the Exchange Act.
This Power of Attorney shall remain in full force and effect
until the undersigned is no longer required to file Forms 3, 4 and 5 with
respect to the undersigned's holdings of and transactions in securities
issued by the Company, unless earlier revoked by the undersigned in a signed
writing delivered to the foregoing attorneys-in-fact.
IN WITNESS WHEREOF, the undersigned has caused this Power
of Attorney to be executed as of this 14 day of May, 2019.
/s/John R. Ryan
Signature
Printed Name: John R. Ryan
State of New Jersey
County of Essex
On this 14 day of May, 2019 before me came John R. Ryan, to me
personally known, who, being by me duly sworn, did depose and say that he
is the person described in and who executed the foregoing power of attorney
and that he willingly signed his name thereto.
/s/ Laurie A. Nickerson-Babb
Notary Public
[stamp]
LAURIE A. NICKERSON-BABB
NOTARY PUBLIC OF NEW JERSEY
My Commission Expires 2/11/2021