Form 4: Citigroup Director Peter B. Henry Reports Acquisition of Deferred Shares

Director Peter B. Henry reports acquisition of deferred shares under Citigroup's compensation plan.

Summary

• On January 2, 2025, Peter B. Henry, a director of Citigroup Inc., acquired 2,117.8663 shares of common stock.
• These shares were awarded as deferred shares under Citigroup's Compensation Plan for Non-Employee Directors.
• Following the transaction, Henry directly owns 5,140.4175 shares and indirectly owns 27,737.9785 shares of Citigroup common stock.
• The indirectly held shares are deferred shares held by Citigroup for Henry's benefit under the same compensation plan.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects standard compensation practices and alignment of director interests with shareholders.

Positives

• The acquisition of deferred shares indicates continued alignment of the director's interests with the company's long-term performance.
• The compensation plan incentivizes directors through equity ownership.

Industry Context

Director share acquisitions are common and are part of standard compensation practices in publicly traded companies like Citigroup. These acquisitions are often tied to deferred compensation plans designed to align the interests of directors with those of shareholders.

Comparison to Industry Standards

• Deferred compensation plans for directors are a standard practice among large financial institutions like Citigroup.
• Companies such as JPMorgan Chase & Co. and Bank of America also utilize similar equity-based compensation plans for their board members.
• The amount of deferred shares awarded to directors typically aligns with industry benchmarks for director compensation at similarly sized companies.

Stakeholder Impact

• The acquisition of deferred shares by a director can positively influence shareholder confidence by demonstrating a commitment to the company's long-term success.

Key Dates