Citizens Financial director receives new stock units
SIEKERKA MICHELE N reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
SIEKERKA MICHELE N reported acquisition or exercise transactions in this Form 4 filing.
Citizens Financial Group director Michele N. Siekerka reported a routine equity compensation update. She received 161.696 restricted stock units credited to her account at no cash cost, following the company’s dividend payment and under the Amended & Restated 2014 Non-Employee Directors Compensation Plan.
After this award, she directly holds 66,321.674 shares of Citizens Financial Group common stock. She also reports indirect holdings of 297 shares held by a son, 297 shares held by a daughter, and 6,102 shares held through an IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 161.696 shares
Grant/Award
4 txns
Insider
SIEKERKA MICHELE N
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 161.696 | $0.00 | $0.00 |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 66,321.674 shares (Direct);
Common Stock — 6,102 shares (Indirect, By IRA);
Common Stock — 297 shares (Indirect, By daughter);
Common Stock — 297 shares (Indirect, By son)
Footnotes (1)
- F1. Reflects restricted stock units credited to the reporting person's account following the issuer's dividend payment, pursuant to an award granted to the filer pursuant to the Amended & Restated Citizens Financial Group, Inc. 2014 Non-Employee Directors Compensation Plan.
Key Figures
RSUs credited: 161.696 units
Direct holdings after award: 66,321.674 shares
Indirect holding by son: 297 shares
+2 more
5 metrics
RSUs credited
161.696 units
Restricted stock units credited following dividend payment
Direct holdings after award
66,321.674 shares
Common stock directly held after RSU credit
Indirect holding by son
297 shares
Common stock held indirectly by son
Indirect holding by daughter
297 shares
Common stock held indirectly by daughter
Indirect holding by IRA
6,102 shares
Common stock held indirectly through IRA
Key Terms
restricted stock units, dividend payment, Amended & Restated Citizens Financial Group, Inc. 2014 Non-Employee Directors Compensation Plan, IRA
4 terms
restricted stock units financial
"Reflects restricted stock units credited to the reporting person's account following the issuer's dividend payment"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
dividend payment financial
"restricted stock units credited to the reporting person's account following the issuer's dividend payment"
Amended & Restated Citizens Financial Group, Inc. 2014 Non-Employee Directors Compensation Plan financial
"pursuant to an award granted to the filer pursuant to the Amended & Restated Citizens Financial Group, Inc. 2014 Non-Employee Directors Compensation Plan"
IRA financial
"Common Stock ... total_shares_following_transaction: 6102.0000 ... nature_of_ownership: By IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did CFG director Michele Siekerka report?
Michele N. Siekerka reported an acquisition of 161.696 restricted stock units in Citizens Financial Group common stock. These units were credited as a dividend-equivalent award under the company’s non-employee directors compensation plan rather than through an open-market purchase.
Were Michele Siekerka’s new CFG stock units an open-market purchase?
No, the 161.696 Citizens Financial Group restricted stock units were not an open-market purchase. They were credited at no cash cost as dividend-equivalent units, granted under the Amended & Restated 2014 Non-Employee Directors Compensation Plan for non-employee directors.
What indirect holdings in CFG stock does Michele Siekerka report?
Michele N. Siekerka reports indirect ownership of 297 Citizens Financial Group shares held by a son, 297 shares held by a daughter, and 6,102 shares held through an IRA. These indirect positions are in addition to her directly owned 66,321.674 shares.
What plan governs the restricted stock units granted to the CFG director?
The restricted stock units were credited under the Amended & Restated Citizens Financial Group, Inc. 2014 Non-Employee Directors Compensation Plan. This plan provides equity-based compensation to non-employee directors, including dividend-equivalent restricted stock unit credits tied to the company’s dividend payments.
AI-generated analysis. How Rhea-AI works. Not financial advice.
