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

Terrance Lillis, a director at Citizens Financial Group, reported the acquisition of stock units due to a dividend payment and indirect holdings through a spousal revocable trust.

Summary

• On February 14, 2025, Terrance Lillis, a director of Citizens Financial Group INC/RI, acquired 280.594 shares of common stock due to restricted stock units credited following a dividend payment.
• The acquisition was made under the Amended & Restated Citizens Financial Group, Inc. 2014 Non-Employee Directors Compensation Plan.
• Lillis also indirectly owns 4,000 shares of common stock held by his spouse in a revocable trust.
• Following the reported transaction, Lillis directly owns 31,246.23 shares of Citizens Financial Group INC/RI.
• The report was filed on February 18, 2025, by Lindsey Cameron, as Attorney-in-Fact.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive as it reflects routine transactions related to director compensation and holdings.

Positives

• The acquisition of stock units indicates continued alignment of the director's interests with those of the shareholders.

Industry Context

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

Stakeholder Impact

• The disclosure provides transparency to shareholders regarding the holdings of company directors.

Key Dates