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(\"CIT\"), First Citizens BancShares, Inc. (\"BancShares\"), First-Citizens Bank & Trust Company, and FC Merger Subsidiary IX, Inc. (as amended from time to time, the \"Merger Agreement\"), a transaction exempt under Rule 16b-3, each issued and outstanding share of common stock, par value $0.01 per share, of CIT (\"CIT Common Stock\") was converted into 0.06200 (the \"Exchange Ratio\") shares of Class A common stock, par value $1.00 per share, of BancShares (the \"BancShares Class A Common Stock\"). On December 31, 2021 (the business day prior to the merger), the closing price of one share of CIT Common Stock was $51.34."},{"field":"price","element":"transactionPricePerShare","label":"F4","text":"Each CIT RSU had the economic equivalent of one share of CIT Common Stock."}],"balance_after":274351.917,"source":{"system":"sec-edgar","filing":"0001127602-22-000970","document":"form4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":8,"url":"https://www.sec.gov/Archives/edgar/data/1171825/000112760222000970/form4.xml","form_type":"4"}},{"id":2444669,"issuer":{"id":131580,"kind":"organization","name":"CIT GROUP INC","symbol":"CIT"},"owners":[{"id":40722,"kind":"person","name":"Alemany Ellen R","position":1,"cik":"0001537972","reported_name":"Alemany Ellen R","relationship":{"director":true,"officer":true,"officer_title":"Chair & CEO"}}],"security":"Common Stock","published_at":"2022-01-05T17:45:44.000Z","date":"2022-01-03","kind":"disposition_to_issuer","acquired":false,"shares":49000,"ownership":{"direct":false,"nature":"Schwab March 2021 GRAT"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F3","text":"Pursuant to the Agreement and Plan of Merger, dated October 15, 2020, by and among CIT Group Inc. (\"CIT\"), First Citizens BancShares, Inc. (\"BancShares\"), First-Citizens Bank & Trust Company, and FC Merger Subsidiary IX, Inc. (as amended from time to time, the \"Merger Agreement\"), a transaction exempt under Rule 16b-3, each issued and outstanding share of common stock, par value $0.01 per share, of CIT (\"CIT Common Stock\") was converted into 0.06200 (the \"Exchange Ratio\") shares of Class A common stock, par value $1.00 per share, of BancShares (the \"BancShares Class A Common Stock\"). On December 31, 2021 (the business day prior to the merger), the closing price of one share of CIT Common Stock was $51.34."},{"field":"price","element":"transactionPricePerShare","label":"F3","text":"Pursuant to the Agreement and Plan of Merger, dated October 15, 2020, by and among CIT Group Inc. (\"CIT\"), First Citizens BancShares, Inc. (\"BancShares\"), First-Citizens Bank & Trust Company, and FC Merger Subsidiary IX, Inc. 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On December 31, 2021 (the business day prior to the merger), the closing price of one share of CIT Common Stock was $51.34."}],"balance_after":0,"source":{"system":"sec-edgar","filing":"0001127602-22-000970","document":"form4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":6,"url":"https://www.sec.gov/Archives/edgar/data/1171825/000112760222000970/form4.xml","form_type":"4"}},{"id":2444667,"issuer":{"id":131580,"kind":"organization","name":"CIT GROUP INC","symbol":"CIT"},"owners":[{"id":40722,"kind":"person","name":"Alemany Ellen R","position":1,"cik":"0001537972","reported_name":"Alemany Ellen R","relationship":{"director":true,"officer":true,"officer_title":"Chair & CEO"}}],"security":"Common Stock","published_at":"2022-01-05T17:45:44.000Z","date":"2022-01-03","kind":"disposition_to_issuer","acquired":false,"shares":12655,"ownership":{"direct":false,"nature":"Schwab July 2020 GRAT #1 u/a/d 7/29/2020"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F3","text":"Pursuant to the Agreement and Plan of Merger, dated October 15, 2020, by and among CIT Group Inc. (\"CIT\"), First Citizens BancShares, Inc. (\"BancShares\"), First-Citizens Bank & Trust Company, and FC Merger Subsidiary IX, Inc. (as amended from time to time, the \"Merger Agreement\"), a transaction exempt under Rule 16b-3, each issued and outstanding share of common stock, par value $0.01 per share, of CIT (\"CIT Common Stock\") was converted into 0.06200 (the \"Exchange Ratio\") shares of Class A common stock, par value $1.00 per share, of BancShares (the \"BancShares Class A Common Stock\"). On December 31, 2021 (the business day prior to the merger), the closing price of one share of CIT Common Stock was $51.34."},{"field":"price","element":"transactionPricePerShare","label":"F3","text":"Pursuant to the Agreement and Plan of Merger, dated October 15, 2020, by and among CIT Group Inc. (\"CIT\"), First Citizens BancShares, Inc. (\"BancShares\"), First-Citizens Bank & Trust Company, and FC Merger Subsidiary IX, Inc. (as amended from time to time, the \"Merger Agreement\"), a transaction exempt under Rule 16b-3, each issued and outstanding share of common stock, par value $0.01 per share, of CIT (\"CIT Common Stock\") was converted into 0.06200 (the \"Exchange Ratio\") shares of Class A common stock, par value $1.00 per share, of BancShares (the \"BancShares Class A Common Stock\"). On December 31, 2021 (the business day prior to the merger), the closing price of one share of CIT Common Stock was $51.34."}],"balance_after":0,"source":{"system":"sec-edgar","filing":"0001127602-22-000970","document":"form4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":5,"url":"https://www.sec.gov/Archives/edgar/data/1171825/000112760222000970/form4.xml","form_type":"4"}},{"id":2444666,"issuer":{"id":131580,"kind":"organization","name":"CIT GROUP INC","symbol":"CIT"},"owners":[{"id":40722,"kind":"person","name":"Alemany Ellen R","position":1,"cik":"0001537972","reported_name":"Alemany Ellen R","relationship":{"director":true,"officer":true,"officer_title":"Chair & CEO"}}],"security":"Common Stock","published_at":"2022-01-05T17:45:44.000Z","date":"2022-01-03","kind":"disposition_to_issuer","acquired":false,"shares":31050,"ownership":{"direct":false,"nature":"Schwab June 2020 GRAT #1 (CIT) u/a/d 6/18/2020"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F3","text":"Pursuant to the Agreement and Plan of Merger, dated October 15, 2020, by and among CIT Group Inc. (\"CIT\"), First Citizens BancShares, Inc. (\"BancShares\"), First-Citizens Bank & Trust Company, and FC Merger Subsidiary IX, Inc. (as amended from time to time, the \"Merger Agreement\"), a transaction exempt under Rule 16b-3, each issued and outstanding share of common stock, par value $0.01 per share, of CIT (\"CIT Common Stock\") was converted into 0.06200 (the \"Exchange Ratio\") shares of Class A common stock, par value $1.00 per share, of BancShares (the \"BancShares Class A Common Stock\"). On December 31, 2021 (the business day prior to the merger), the closing price of one share of CIT Common Stock was $51.34."},{"field":"price","element":"transactionPricePerShare","label":"F3","text":"Pursuant to the Agreement and Plan of Merger, dated October 15, 2020, by and among CIT Group Inc. (\"CIT\"), First Citizens BancShares, Inc. (\"BancShares\"), First-Citizens Bank & Trust Company, and FC Merger Subsidiary IX, Inc. (as amended from time to time, the \"Merger Agreement\"), a transaction exempt under Rule 16b-3, each issued and outstanding share of common stock, par value $0.01 per share, of CIT (\"CIT Common Stock\") was converted into 0.06200 (the \"Exchange Ratio\") shares of Class A common stock, par value $1.00 per share, of BancShares (the \"BancShares Class A Common Stock\"). On December 31, 2021 (the business day prior to the merger), the closing price of one share of CIT Common Stock was $51.34."}],"balance_after":0,"source":{"system":"sec-edgar","filing":"0001127602-22-000970","document":"form4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":4,"url":"https://www.sec.gov/Archives/edgar/data/1171825/000112760222000970/form4.xml","form_type":"4"}},{"id":2444665,"issuer":{"id":131580,"kind":"organization","name":"CIT GROUP INC","symbol":"CIT"},"owners":[{"id":40722,"kind":"person","name":"Alemany Ellen R","position":1,"cik":"0001537972","reported_name":"Alemany Ellen R","relationship":{"director":true,"officer":true,"officer_title":"Chair & CEO"}}],"security":"Common Stock","published_at":"2022-01-05T17:45:44.000Z","date":"2022-01-03","kind":"disposition_to_issuer","acquired":false,"shares":122000,"ownership":{"direct":false,"nature":"Schwab March 2020 GRAT #1 (CIT) u/a/d 3/31/2020"},"footnotes":[{"field":"kind","element":"transactionCoding","label":"F3","text":"Pursuant to the Agreement and Plan of Merger, dated October 15, 2020, by and among CIT Group Inc. (\"CIT\"), First Citizens BancShares, Inc. (\"BancShares\"), First-Citizens Bank & Trust Company, and FC Merger Subsidiary IX, Inc. (as amended from time to time, the \"Merger Agreement\"), a transaction exempt under Rule 16b-3, each issued and outstanding share of common stock, par value $0.01 per share, of CIT (\"CIT Common Stock\") was converted into 0.06200 (the \"Exchange Ratio\") shares of Class A common stock, par value $1.00 per share, of BancShares (the \"BancShares Class A Common Stock\"). On December 31, 2021 (the business day prior to the merger), the closing price of one share of CIT Common Stock was $51.34."},{"field":"price","element":"transactionPricePerShare","label":"F3","text":"Pursuant to the Agreement and Plan of Merger, dated October 15, 2020, by and among CIT Group Inc. (\"CIT\"), First Citizens BancShares, Inc. (\"BancShares\"), First-Citizens Bank & Trust Company, and FC Merger Subsidiary IX, Inc. (as amended from time to time, the \"Merger Agreement\"), a transaction exempt under Rule 16b-3, each issued and outstanding share of common stock, par value $0.01 per share, of CIT (\"CIT Common Stock\") was converted into 0.06200 (the \"Exchange Ratio\") shares of Class A common stock, par value $1.00 per share, of BancShares (the \"BancShares Class A Common Stock\"). On December 31, 2021 (the business day prior to the merger), the closing price of one share of CIT Common Stock was $51.34."}],"balance_after":0,"source":{"system":"sec-edgar","filing":"0001127602-22-000970","document":"form4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1171825/000112760222000970/form4.xml","form_type":"4"}}],"next_cursor":"2022-01-05T17:45:44.000000Z,2444665"}