---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-170524"
form_type: "8-K"
ticker: "CFG"
cik: "0000759944"
company_name: "CITIZENS FINANCIAL GROUP INC/RI"
filed_at: "2025-07-31T23:59:59+00:00"
generated_at: "2026-05-17T22:34:46.103998+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Citizens Financial issues 16M depositary shares of 6.5% Series I Preferred Stock

## Summary
- Offering of 16,000,000 depositary shares (each 1/40th interest in a share of 6.500% Series I Preferred Stock, liquidation preference $1,000/share).
- Underwriters: Morgan Stanley, BofA, JPMorgan, UBS, Wells Fargo, Citizens JMP.
- Certificate of Designations filed; dividend restrictions on common and junior stock if Series I dividends not paid.
- Offering closed July 31, 2025; aggregate liquidation preference approximately $400 million.

## SEC filing metadata
- accession: 0001193125-25-170524
- form_type: 8-K
- ticker: CFG
- cik: 0000759944
- company_name: CITIZENS FINANCIAL GROUP INC/RI
- filed_at: 2025-07-31T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 3.03, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/759944/000119312525170524/0001193125-25-170524-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/759944/000119312525170524/d870391d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-170524
- JSON: https://secwatch.observer/filing/0001193125-25-170524.json
- Plain text: https://secwatch.observer/filing/0001193125-25-170524.txt

## Key facts
- Governance Changes
  CITIZENS FINANCIAL GROUP INC/RI: Filed a Certificate of Designations to establish the preferences, limitations and relative rights of Series I Preferred Stock (effective 2025-07-25).
  - Change: charter amendment
  - Effective: 2025-07-25
  source text: On July 25, 2025, the Registrant filed a Certificate of Designations (the “Certificate of Designations”) with the Secretary of State of the State of Delaware to establish the preferences, limitations and relative rights of the Series I Preferred Stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/759944/000119312525170524/0001193125-25-170524-index.htm

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