STOCK TITAN

[8-K] CITIGROUP INC Reports Material Event

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8-K

Citigroup Inc. (C) disclosed a one-time equity award to CEO Jane Fraser, comprising Restricted Stock Units with a grant-date value of $25 million and 1.055 million Citigroup stock options. The RSUs and options vest and become exercisable on a pro‑rata basis following the third, fourth, and fifth anniversaries of the grant date, with the exercise price set by the closing share price on the grant date and vesting conditioned on continued employment.

The award is subject to standard forfeiture and clawback provisions and Citi’s Stock Ownership Commitment, requiring Ms. Fraser to retain 75% of net vested shares while serving as an executive officer or director, and 50% for one year after executive officer service ends. Citi also filed a press release noting Ms. Fraser’s appointment as Chair of the Board and John Dugan as Lead Director.

Citigroup Inc. (C) ha comunicato un premio azionario una tantum al CEO Jane Fraser, composto da Restricted Stock Units con un valore alla data di assegno di $25 million e 1,055 milioni di stock option Citigroup. Le RSU e le opzioni vestono e diventano esercitabili in base a una pro‑rata progressiva dopo la terza, quarta e quinta anniversario della data di assegnazione, con il prezzo di esercizio fissato dal prezzo di chiusura delle azioni alla data di assegnazione e con il vesting condizionato all'occupazione continua.

L premio è soggetto alle consuete clausole di perdita di diritto e clawback e all'Impegno di proprietà azionaria Citi, che richiede che la Sig.ra Fraser mantenga il 75% delle azioni vestite nette durante il periodo in cui ricopre la carica di dirigente o di membro del consiglio, e il 50% per un anno dopo la fine del servizio da dirigente. Citi ha inoltre pubblicato un comunicato stampa che annuncia la nomina della Sig.ra Fraser come Presidente del Consiglio e John Dugan come Lead Director.

Citigroup Inc. (C) reveló una asignación de acciones única para la CEO Jane Fraser, que consiste en Restricted Stock Units con un valor a la fecha de adjudicación de $25 millones y 1,055 millones de opciones sobre acciones de Citigroup. Las RSU y las opciones se visten y se hacen ejercitables de forma prorrateada tras el tercer, cuarto y quinto aniversario de la fecha de adjudicación, con el precio de ejercicio fijado por el precio de cierre de las acciones en la fecha de adjudicación y con el vesting condicionado a la continuidad en el empleo.

La adjudicación está sujeta a cláusulas estándar de pérdida de derecho y clawback y al Stock Ownership Commitment de Citi, que exige que la Sra. Fraser retenga el 75% de las acciones vestidas netas mientras ocupe un cargo ejecutivo o sea miembro de la junta, y el 50% durante un año después de que termine su servicio como ejecutiva. Citi también publicó un comunicado de prensa señalando el nombramiento de la Sra. Fraser como Presidenta de la Junta y a John Dugan como Lead Director.

Citigroup Inc. (C) 은 Jane Fraser CEO에게 일회성 주식 수여를 공개했으며, 이 수여는 보통주로 발급일 가치가 $25 million인 Restricted Stock Units와 1.055 million의 Citigroup 주식 옵션으로 구성됩니다. RSU와 옵션은 발급일의 종가로 설정된 행사가격으로, vesting은 발급일로부터 3주년, 4주년, 5주년 이후에 비례 vesting 되며 지속적인 고용 조건이 충족될 때 행사 가능해집니다.

본 수여는 표준 몰수 및 clawback 조항과 Citi의 주식 소유 약정에 따라 이루어지며, 여사 Fraser가 임원 또는 이사회 구성원으로 재직하는 동안 순 vest된 주식의 75%를 보유하고, 임원 직무를 마친 후 1년 동안은 50%를 보유해야 한다고 명시합니다. Citi는 또한 Fraser 여사의 이사회 의장 임명과 John Dugan을 Lead Director로 지명했다는 보도자료를 발표했습니다.

Citigroup Inc. (C) a annoncé une attribution d’actions unique à la PDG Jane Fraser, composée de Restricted Stock Units avec une valeur à la date d’attribution de $25 millions et 1,055 million d’options sur actions Citigroup. Les RSU et les options se vistent et deviennent exerçables au prorata après le troisième, quatrième et cinquième anniversaire de la date d’attribution, le prix d’exercice étant fixé par le cours de clôture des actions à la date d’attribution et le vesting conditionné à la poursuite de l’emploi.

Cette attribution est soumise à des dispositions standard de forfeiture et de clawback ainsi qu’à l’Engagement de détention d’actions (Stock Ownership Commitment) de Citi, qui exige que Mme Fraser conserve 75% des actions nettes vestes pendant qu’elle occupe un poste de cadre ou membre du conseil, et 50% pendant un an après la fin de son mandat de cadre supérieur. Citi a également publié un communiqué de presse annonçant la nomination de Mme Fraser au poste de Présidente du Conseil et John Dugan comme Lead Director.

Citigroup Inc. (C) kündigte eine einmalige Aktienzuweisung an die CEO Jane Fraser an, bestehend aus Restricted Stock Units mit einem Wert zum Zuteilungsdatum von $25 Millionen und 1,055 Millionen Citigroup-Aktienoptionen. Die RSUs und Optionen vesten und werden mit dem Ausübungsrecht pro rata nach dem dritten, vierten und fünften Jahrestag des Zuteilungsdatums fällig, wobei der Ausübungspreis durch den Schlusskurs der Aktie am Zuteilungsdatum festgelegt wird und das Vesting von einer fortgesetzten Anstellung abhängt.

Die Vergabe unterliegt standardmäßigen Entziehungs- und Rückforderungsbestimmungen sowie Citi’s Stock Ownership Commitment, das von Frau Fraser verlangt, während ihrer Tätigkeit als leitende Angestellte oder Vorstandsmitglied 75% der netto vesteten Aktien zu halten, und 50% für ein Jahr nach Beendigung ihrer Tätigkeit als leitende Angestellte. Citi veröffentlichte außerdem eine Pressemitteilung, in der die Ernennung von Frau Fraser zur Vorsitzenden des Vorstands und John Dugan als Lead Director bekannt gegeben wird.

Citigroup Inc. (C) أعلنت عن منحة أسهم لمرة واحدة للرئيسة التنفيذية جين فريزر، تتألف من وحدات الأسهم المقيدة (RSU) بقيمة تتحقق في تاريخ المنحة قدرها $25 مليون و 1.055 مليون خيار أسهم Citigroup. RSU والخيار vesting ويتم exercisable بشكل نسبى بعد السنوات الثالثة والرابعة والخامسة من تاريخ المنحة، ويحدد سعر الممارسة بناءً على سعر إغلاق السهم في تاريخ المنحة ويرتبط vesting باستمرار التوظيف.

وتخضع المنحة لأحكام الاستيلاء والاسترداد القياسية وStock Ownership Commitment من Citi، التي تطلب من السيدة فريزر الاحتفاظ بنسبة 75% من الأسهم المكتسبةNet أثناء عملها كمسؤولة تنفيذية أو كعضو في المجلس، و50% لمدة سنة واحدة بعد انتهاء خدمتها كمسؤولة تنفيذية. كما أصدرت Citi بياناً صحافياً يشير إلى تعيين السيدة فريزر رئيسة لمجلس الإدارة و جون دوغان كـ Lead Director.

花旗集团公司(C) 向首席执行官简·弗雷泽披露了一项一次性股票奖励,其中包括授予日价值为 $25 million 的受限股票单位(RSU)以及 1.055 百万 股花旗集团股票期权。RSU 和期权按授予日之后的第三、第四和第五周年按比例归属并可行使,行使价以授予日收盘价确定,且归属需持续任职。

该奖励受标准的没收和 clawback 条款以及 Citi 的股票持有承诺的约束,要求弗雷泽女士在担任高级职员或董事期间保留净已归属股票的 75%,在担任高级职员结束后的一年内保留 50%。Citi 还发布新闻稿,提到弗雷泽女士被任命为董事会主席,约翰·杜根为 Lead Director。

Positive
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Negative
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Insights

Large, time‑based CEO equity award; governance shift noted.

The package grants RSUs valued at $25 million and 1.055 million options, with pro‑rata vesting after the third, fourth, and fifth anniversaries. The exercise price is pegged to the grant‑date close, aligning option value with future stock performance.

Clawback/forfeiture terms and a stringent Stock Ownership Commitment (retain 75% while in role, 50% for one year thereafter) tie compensation to long‑term alignment. A filed press release notes Jane Fraser’s appointment as Board Chair and John Dugan as Lead Director.

Actual impact depends on future performance and tenure; vesting occurs over multiple years, and governance outcomes will reflect subsequent Board and company disclosures.

Citigroup Inc. (C) ha comunicato un premio azionario una tantum al CEO Jane Fraser, composto da Restricted Stock Units con un valore alla data di assegno di $25 million e 1,055 milioni di stock option Citigroup. Le RSU e le opzioni vestono e diventano esercitabili in base a una pro‑rata progressiva dopo la terza, quarta e quinta anniversario della data di assegnazione, con il prezzo di esercizio fissato dal prezzo di chiusura delle azioni alla data di assegnazione e con il vesting condizionato all'occupazione continua.

L premio è soggetto alle consuete clausole di perdita di diritto e clawback e all'Impegno di proprietà azionaria Citi, che richiede che la Sig.ra Fraser mantenga il 75% delle azioni vestite nette durante il periodo in cui ricopre la carica di dirigente o di membro del consiglio, e il 50% per un anno dopo la fine del servizio da dirigente. Citi ha inoltre pubblicato un comunicato stampa che annuncia la nomina della Sig.ra Fraser come Presidente del Consiglio e John Dugan come Lead Director.

Citigroup Inc. (C) reveló una asignación de acciones única para la CEO Jane Fraser, que consiste en Restricted Stock Units con un valor a la fecha de adjudicación de $25 millones y 1,055 millones de opciones sobre acciones de Citigroup. Las RSU y las opciones se visten y se hacen ejercitables de forma prorrateada tras el tercer, cuarto y quinto aniversario de la fecha de adjudicación, con el precio de ejercicio fijado por el precio de cierre de las acciones en la fecha de adjudicación y con el vesting condicionado a la continuidad en el empleo.

La adjudicación está sujeta a cláusulas estándar de pérdida de derecho y clawback y al Stock Ownership Commitment de Citi, que exige que la Sra. Fraser retenga el 75% de las acciones vestidas netas mientras ocupe un cargo ejecutivo o sea miembro de la junta, y el 50% durante un año después de que termine su servicio como ejecutiva. Citi también publicó un comunicado de prensa señalando el nombramiento de la Sra. Fraser como Presidenta de la Junta y a John Dugan como Lead Director.

Citigroup Inc. (C) 은 Jane Fraser CEO에게 일회성 주식 수여를 공개했으며, 이 수여는 보통주로 발급일 가치가 $25 million인 Restricted Stock Units와 1.055 million의 Citigroup 주식 옵션으로 구성됩니다. RSU와 옵션은 발급일의 종가로 설정된 행사가격으로, vesting은 발급일로부터 3주년, 4주년, 5주년 이후에 비례 vesting 되며 지속적인 고용 조건이 충족될 때 행사 가능해집니다.

본 수여는 표준 몰수 및 clawback 조항과 Citi의 주식 소유 약정에 따라 이루어지며, 여사 Fraser가 임원 또는 이사회 구성원으로 재직하는 동안 순 vest된 주식의 75%를 보유하고, 임원 직무를 마친 후 1년 동안은 50%를 보유해야 한다고 명시합니다. Citi는 또한 Fraser 여사의 이사회 의장 임명과 John Dugan을 Lead Director로 지명했다는 보도자료를 발표했습니다.

Citigroup Inc. (C) a annoncé une attribution d’actions unique à la PDG Jane Fraser, composée de Restricted Stock Units avec une valeur à la date d’attribution de $25 millions et 1,055 million d’options sur actions Citigroup. Les RSU et les options se vistent et deviennent exerçables au prorata après le troisième, quatrième et cinquième anniversaire de la date d’attribution, le prix d’exercice étant fixé par le cours de clôture des actions à la date d’attribution et le vesting conditionné à la poursuite de l’emploi.

Cette attribution est soumise à des dispositions standard de forfeiture et de clawback ainsi qu’à l’Engagement de détention d’actions (Stock Ownership Commitment) de Citi, qui exige que Mme Fraser conserve 75% des actions nettes vestes pendant qu’elle occupe un poste de cadre ou membre du conseil, et 50% pendant un an après la fin de son mandat de cadre supérieur. Citi a également publié un communiqué de presse annonçant la nomination de Mme Fraser au poste de Présidente du Conseil et John Dugan comme Lead Director.

Citigroup Inc. (C) kündigte eine einmalige Aktienzuweisung an die CEO Jane Fraser an, bestehend aus Restricted Stock Units mit einem Wert zum Zuteilungsdatum von $25 Millionen und 1,055 Millionen Citigroup-Aktienoptionen. Die RSUs und Optionen vesten und werden mit dem Ausübungsrecht pro rata nach dem dritten, vierten und fünften Jahrestag des Zuteilungsdatums fällig, wobei der Ausübungspreis durch den Schlusskurs der Aktie am Zuteilungsdatum festgelegt wird und das Vesting von einer fortgesetzten Anstellung abhängt.

Die Vergabe unterliegt standardmäßigen Entziehungs- und Rückforderungsbestimmungen sowie Citi’s Stock Ownership Commitment, das von Frau Fraser verlangt, während ihrer Tätigkeit als leitende Angestellte oder Vorstandsmitglied 75% der netto vesteten Aktien zu halten, und 50% für ein Jahr nach Beendigung ihrer Tätigkeit als leitende Angestellte. Citi veröffentlichte außerdem eine Pressemitteilung, in der die Ernennung von Frau Fraser zur Vorsitzenden des Vorstands und John Dugan als Lead Director bekannt gegeben wird.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) October 22, 2025

Citigroup Inc.

(Exact name of registrant as specified in its charter)

Delaware

1-9924

52-1568099

(State or other jurisdiction
of incorporation)

(Commission
File Number)

(IRS Employer
Identification No.)

388 Greenwich Street, New York,
New York

(Address of principal executive offices)

10013
(Zip Code)

(212559-1000

(Registrant’s telephone number,
including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934 formatted in Inline XBRL: See Exhibit 99.1

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company   

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

CITIGROUP INC.

Current Report on Form 8-K

Item 5.02    Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On October 22, 2025, the Compensation, Performance Management and Culture Committee of the Citigroup Inc. (Citi) Board of Directors (the Compensation Committee) unanimously voted to award Citi’s Chief Executive Officer, Jane Fraser, a one-time equity award (the Award), consisting of Restricted Stock Units (RSUs) with a grant date value of $25 million and 1.055 million Citigroup stock options. As part of the approval process, the Compensation Committee presented the proposal to Citi’s entire Board of Directors (Board), other than Ms. Fraser, and it was unanimously supported. The value of the RSUs and the exercise price of the options are based on the closing price of Citi’s stock on the grant date of the Award. The RSUs will vest and the options will become exercisable on a pro-rata basis following the third, fourth and fifth anniversaries of the grant date, subject to Ms. Fraser’s continued employment with Citi through the applicable vesting date.

The Award reflects the Board’s desire to ensure management continuity, to acknowledge Ms. Fraser’s extraordinary leadership of Citi and to reflect developments in the market regarding CEO compensation. In particular, the Award reflects the Board’s belief that Ms. Fraser’s strategic priorities are sound and that she is executing on them promptly and thoughtfully with an eye towards enhanced safety and soundness, simplification, and improved returns, thereby laying the foundation for long-term sustainable growth. That execution includes:

Citi’s progress in transforming the organization, as more than two-thirds of our transformation programs are at or mostly at Citi’s target state and some of our biggest bodies of work are now embedded into how we operate
Ms. Fraser’s actions to build a strong executive team for Citi
Citi’s successes in simplifying the organizational structure across its five core interconnected businesses
Citi’s recent agreement to sell an equity stake in Grupo Financiero Banamex, S.A. de C.V. in furtherance of the strategy refresh announced in 2021
Citi’s stock price having outperformed peers since its 2022 Investor Day, as the market has increasingly applauded and supported bold actions in furtherance of transformation and simplification and Citi’s delivery on its commitments

These accomplishments are being reflected in shareholder returns and other aspects of financial performance, as well as in indicia of progress on Citi’s risk and control transformation. The Board believes that there is significant additional upside for Citi’s stockholders and that ensuring leadership stability is critical for Citi’s continued success.

The Award will be subject to standard Citi provisions for the forfeiture and clawback of incentive compensation, as well as Citi’s Stock Ownership Commitment. Under the Stock Ownership Commitment Ms. Fraser must retain a portion of the net vested shares from Citi stock-based awards granted to her while she serves as an executive officer or Board member. That portion is 75% until her service as a director and an executive officer ends and 50% for one year following termination of her executive officer status.

The foregoing summary of the Award is qualified in all respects by reference to the text of the agreement that governs the Award. A copy of Citi’s press release announcing the appointment of Jane Fraser as Chair of Citi’s Board and John Dugan as Lead Director and noting the Award is filed as Exhibit 99.2 and incorporated by reference herein.

2

Item 9.01 Financial Statements and Exhibits.


(d) Exhibits.

Exhibit 
Number

    

99.1

Citigroup Inc. securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934 as of the filing date.

99.2

Press release of Citigroup Inc. dated October 22, 2025.

104

See the cover page of this Current Report on Form 8-K, formatted in Inline XBRL.

3

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

CITIGROUP INC.

Dated: October 22, 2025

By:

/s/ Brent J. McIntosh

Brent J. McIntosh

Chief Legal Officer & Corporate Secretary

4

Citigroup Inc

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