---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-145975"
form_type: "8-K"
ticker: "CFG"
cik: "0000759944"
company_name: "CITIZENS FINANCIAL GROUP INC/RI"
filed_at: "2024-05-23T23:59:59+00:00"
generated_at: "2026-06-01T09:27:44.035674+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Citizens Financial Group issues 16M depositary shares of 7.375% Series H Preferred Stock

## Summary
- Public offering of 16,000,000 depositary shares, each representing 1/40th interest in a share of 7.375% fixed-rate non-cumulative perpetual preferred stock, Series H.
- Underwriting agreement signed May 16, 2024 with Morgan Stanley, BofA, J.P. Morgan, UBS, Wells Fargo, and Citizens JMP.
- Certificate of Designations filed May 17, 2024, establishing preferences and restrictions on common dividends if Series H dividends unpaid.
- Liquidation preference of $1,000 per share of Series H; issuance effective May 23, 2024.

## SEC filing metadata
- accession: 0001193125-24-145975
- form_type: 8-K
- ticker: CFG
- cik: 0000759944
- company_name: CITIZENS FINANCIAL GROUP INC/RI
- filed_at: 2024-05-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/759944/000119312524145975/0001193125-24-145975-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/759944/000119312524145975/d793166d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-145975
- JSON: https://secwatch.observer/filing/0001193125-24-145975.json
- Plain text: https://secwatch.observer/filing/0001193125-24-145975.txt

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