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