Form 4: Citizens Financial Group Chief Risk Officer Reports Stock Award and Tax Withholding

Richard L. Stein, Chief Risk Officer of Citizens Financial Group, reports the acquisition of 28,453 shares of common stock and the disposal of 10,336 shares for tax withholding.

Summary

• Richard L. Stein, the Chief Risk Officer of Citizens Financial Group, Inc., filed a Form 4 on March 4, 2024.
• The report details a transaction on March 1, 2024, where Stein acquired 28,453 shares of common stock as an award under the company's 2014 Omnibus Incentive Plan.
• Additionally, 10,336 shares were disposed of at a price of $31.39 for tax withholding purposes.
• Following these transactions, Stein beneficially owns 84,788 shares of Citizens Financial Group, Inc. common stock.

Sentiment

Score: 7

Explanation: The document reflects standard executive compensation practices and insider trading reporting, which is neutral to slightly positive as it indicates alignment of management interests with shareholders.

Positives

• The acquisition of shares reflects participation in the company's 2014 Omnibus Incentive Plan, aligning executive interests with shareholder value.

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The report provides transparency to shareholders regarding executive compensation and stock ownership.

Key Dates