Citizens Financial Group names Don McCree Senior Vice Chair and grants retention awards to two executives

CITIZENS FINANCIAL GROUP INC/RI

Don McCree appointed Senior Vice Chair effective June 13, 2024, recognizing his performance leading Commercial Banking since 2015.
Brendan Coughlin (Vice Chair, Consumer Banking) awarded $6M PSUs, $4M RSUs, and $2M restricted cash as part of leadership succession plan.
John Woods (Vice Chair, CFO) awarded $3.5M PSUs, $2.5M RSUs, and $1M restricted cash; both executives' stock ownership requirement increased to 6x salary.
Awards vest on third anniversary; PSU payout depends on average ROTCE and cumulative Diluted EPS performance from 2024-2026, with max 150% of target.

item 5.02

Executive movements

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Role change

Don McCree

Senior Vice Chair

CFG · CITIZENS FINANCIAL GROUP INC/RI

Effective: 2024-06-13
Filed: June 14, 2024, 7:59 PM ET

On June 13, 2024, the Board named Don McCree, Vice Chair and Head of Commercial Banking, as Senior Vice Chair.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Don McCree was named as Senior Vice Chair at CITIZENS FINANCIAL GROUP INC/RI.

Action: named
Role: Senior Vice Chair

Exact text from the filing

On June 13, 2024, the Board named Don McCree, Vice Chair and Head of Commercial Banking, as Senior Vice Chair.

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Source: SEC EDGAR

accession 0000759944-24-000117

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