Form 4: Citizens Financial Group Director Terrance Lillis Reports Acquisition of Stock Units and Adjustment of Holdings

Terrance Lillis, a director at Citizens Financial Group, reported the acquisition of stock units due to a dividend payment and adjustments to holdings including those held in a spouse's revocable trust.

Summary

• Terrance Lillis, a director of Citizens Financial Group, Inc., filed a Form 4 detailing changes in beneficial ownership.
• On May 15, 2024, Lillis acquired 342.334 shares of common stock due to restricted stock units credited following a dividend payment.
• These units were granted under the Amended & Restated Citizens Financial Group, Inc. 2014 Non-Employee Directors Compensation Plan.
• Lillis also reported holding 4,000 shares of common stock indirectly through a spouse's revocable trust.
• Following the reported transactions, Lillis directly owns 30,369.966 shares of common stock.

Sentiment

Score: 7

Explanation: The document reflects routine transactions related to director compensation and holdings, indicating a neutral to slightly positive sentiment due to continued investment in the company.

Industry Context

Form 4 filings are standard practice for corporate insiders to report changes in their ownership of company securities, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The filing provides transparency to shareholders regarding the holdings of a company director.
• The acquisition of shares by a director can be viewed positively by stakeholders as it aligns the director's interests with those of the shareholders.

Key Dates