Denise M. Menelly, EVP of CIT Group Inc (DEL), recently acquired 16,123 shares of the company. The buys took place at prices ranging from $0.00 to $51.03 per share, on February 21, 2019. Menelly now owns 56,262 shares of the company. Menelly operates out of Livingston, NJ. Some additional info was provided as follows:
Shares acquired upon final certification of performance share units awarded for the 2016-2018 performance period.
Each performance share unit ("PSU") had the economic equivalent of one share of CIT common stock.
Shares withheld to satisfy tax withholding obligations arising from settlement of performance share units.
Performance 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).
Each restricted stock unit ("RSU") has the economic equivalent of one share of CIT common stock.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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