---
schema_version: "secwatch.filing_event.v1"
accession: "0000759944-24-000117"
form_type: "8-K"
ticker: "CFG"
cik: "0000759944"
company_name: "CITIZENS FINANCIAL GROUP INC/RI"
filed_at: "2024-06-14T23:59:59+00:00"
generated_at: "2026-06-01T04:29:09.076320+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000759944-24-000117
- form_type: 8-K
- ticker: CFG
- cik: 0000759944
- company_name: CITIZENS FINANCIAL GROUP INC/RI
- filed_at: 2024-06-14T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/759944/000075994424000117/0000759944-24-000117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/759944/000075994424000117/cfg-20240613.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000759944-24-000117
- JSON: https://secwatch.observer/filing/0000759944-24-000117.json
- Plain text: https://secwatch.observer/filing/0000759944-24-000117.txt

## Key facts
- Executive change
  Don McCree was named as Senior Vice Chair at CITIZENS FINANCIAL GROUP INC/RI.
  - Action: named
  - Role: Senior Vice Chair
  source text: On June 13, 2024, the Board named Don McCree, Vice Chair and Head of Commercial Banking, as Senior Vice Chair.
  evidence_url: https://www.sec.gov/Archives/edgar/data/759944/000075994424000117/0000759944-24-000117-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.