The estimated Net Worth of Michael A Carpenter is at least $1.03 million dollars as of 20 March 2020. Mr. Carpenter owns over 6,500 units of CIT Inc stock worth over $800,841 and over the last 16 years he sold CIT stock worth over $0. In addition, he makes $230,000 as Independent Director at CIT Inc.
Michael has made over 26 trades of the CIT Inc stock since 2014, according to the Form 4 filled with the SEC. Most recently he bought 6,500 units of CIT stock worth $94,640 on 20 March 2020.
The largest trade he's ever made was exercising 48,524 units of CIT Inc stock on 2 January 2015 worth over $2,593,608. On average, Michael trades about 7,648 units every 43 days since 2009. As of 20 March 2020 he still owns at least 14,983 units of CIT Inc stock.
You can see the complete history of Mr. Carpenter stock trades at the bottom of the page.
Michael A. Carpenter serves as Independent Director of the Company. since May 2015. He served as Chief Executive Officer of Ally Financial, Inc. from November 2009 to February 2015 and as a member of its Board of Directors from May 2009 to February 2015. Mr. Carpenter previously served on the CIT Board in 2009, a position he left to become Chief Executive Officer of Ally Financial, Inc. In 2007, he founded Southgate Holdings. From 2002 to 2006, he was chairman and chief executive officer of Citigroup Alternative Investments overseeing $60 billion of proprietary capital and customer funds globally. From 1998 to 2002, Mr. Carpenter was chairman and chief executive officer of Citigroup’s Global Corporate & Investment Bank with responsibility for Salomon Smith Barney Inc. and Citibank’s corporate banking activities globally. Prior to Citigroup, he was chairman and CEO of Travelers Life & Annuity and vice chairman of Travelers Group Inc. From 1989 to 1994, he was chairman of the board, president, and CEO of Kidder Peabody Group Inc., a wholly owned subsidiary of General Electric Company. From 1986 to 1989, he was executive vice president of GE Capital Corporation and he joined GE in 1983 as vice president of Corporate Business Development and Planning. Earlier in his career, Mr. Carpenter spent nine years as vice president and director of the Boston Consulting Group and three years with Imperial Chemical Industries of the United Kingdom. Mr. Carpenter received a bachelor of science degree from the University of Nottingham, England, and an MBA from Harvard Business School. He also holds an honorary degree of Doctor of Laws from the University of Nottingham. He serves on the boards of AutoWeb, Inc., U.S. Retirement Partners, Rewards Network, Client 4 Life Group and the New York City Investment Fund. Mr. Carpenter has previously served as a board member of the New York Stock Exchange, General Signal, Loews Cineplex, and various other private and public companies.
As the Independent Director of CIT Inc, the total compensation of Michael Carpenter at CIT Inc is $230,000. There are 12 executives at CIT Inc getting paid more, with Ellen Alemany having the highest compensation of $8,339,410.
Michael Carpenter is 73, he's been the Independent Director of CIT Inc since 2016. There are 1 older and 21 younger executives at CIT Inc. The oldest executive at CIT Group Inc is John Ryan, 75, who is the Lead Independent Director.
Michael's mailing address filed with the SEC is AUTOWEB, INC., 400 NORTH ASHLEY DRIVE, SUITE 300, TAMPA, FL, 33602.
Over the last 19 years, insiders at CIT Inc have traded over $29,579,165 worth of CIT Inc stock and bought 828,108 units worth $22,643,335 . The most active insiders traders include Timothy M Ring, Nelson Chai et Joseph M Leone. On average, CIT Inc executives and independent directors trade stock every 32 days with the average trade being worth of $765,778. The most recent stock trade was executed by John J. Fawcett on 24 November 2021, trading 15,000 units of CIT stock currently worth $808,800.
CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). CIT's commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management. CIT's consumer banking segment includes a national direct bank and regional branch network.
CIT Inc executives and other stock owners filed with the SEC include: