secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS FINANCIAL GROUP INC/RI (CFG)
CIK:        0000759944
Form:       8-K
Filed at:   2024-06-14T23:59:59+00:00
Accession:  0000759944-24-000117
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/759944/000075994424000117/0000759944-24-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/759944/000075994424000117/cfg-20240613.htm
  HTML page:      https://secwatch.observer/filing/0000759944-24-000117

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer