secwatch.observer — SEC 8-K summary
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Issuer:     CITIZENS FINANCIAL GROUP INC/RI (CFG)
CIK:        0000759944
Form:       8-K
Filed at:   2025-08-12T23:59:59+00:00
Accession:  0001193125-25-178517
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Citizens Financial names Aunoy Banerjee as CFO, effective Oct 24, 2025
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- Banerjee joins from Barclays Bank PLC, where he was CFO; replaces outgoing CFO John Woods (departs Aug 15).
- Interim CFO: Chris Emerson, EVP & Head of Corporate Planning & Enterprise Finance, until Banerjee starts.
- Annual base salary $700,000; guaranteed 2025 incentive $3.7M (discounted by former employer role-based allowance).
- Buy-out award of ~$5M in cash and restricted stock units, vesting over four years.
- Standard severance provisions: two weeks' salary per year of service, minimum 26 weeks; change-of-control severance of 2x base plus avg bonus.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/759944/000119312525178517/0001193125-25-178517-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/759944/000119312525178517/d948553d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-178517

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