The estimated Net Worth of Michael L. Brosnan is at least $1.83 million dollars as of 1 June 2021. Mr. Brosnan owns over 9,497 units of CIT Inc stock worth over $1,284,885 and over the last 8 years he sold CIT stock worth over $300,715. In addition, he makes $245,000 as Independent Director at CIT Inc.
Michael has made over 6 trades of the CIT Inc stock since 2017, according to the Form 4 filled with the SEC. Most recently he exercised 9,497 units of CIT stock worth $507,615 on 1 June 2021.
The largest trade he's ever made was buying 10,000 units of CIT Inc stock on 20 March 2020 worth over $140,900. On average, Michael trades about 1,996 units every 97 days since 2017. As of 1 June 2021 he still owns at least 24,039 units of CIT Inc stock.
You can see the complete history of Mr. Brosnan stock trades at the bottom of the page.
Michael L. Brosnan serves as Independent Director of the Company. Mr. Brosnan has served as a director of CIT and of CIT Bank, N.A. since November 2016. He served as Examiner-In-Charge for Midsize Bank Supervision at the Office of the Comptroller of the Currency (“OCC”) from May 2013 to May 2016. Prior to that he was Senior Deputy Comptroller for Large Bank Supervision from December 2010 to April 2013. In addition, he served as a member of the OCC’s Executive Committee and the Committee on Bank Supervision. From 2004 to 2008, Mr. Brosnan served in executive management roles at MBNA and Bank of America, including Enterprise Operational Risk Executive responsible for risk management of the Global Technology and Operations, Chief Administrative Office, and Supplier Risk Management organizations of the bank. Mr. Brosnan previously served as Compliance Executive for Bank of America Card Services, and he oversaw the Operational Risk Management Division of MBNA America. Prior to his tenure with MBNA and Bank of America, Mr. Brosnan spent 21 years with the OCC. In 2003, he was named Senior National Bank Examiner, the highest honor and designation available to bank examiners. Mr. Brosnan received a bachelor of science degree and an MBA from Lynchburg College in Virginia. He also earned the Chartered Financial Analyst designation.
As the Independent Director of CIT Inc, the total compensation of Michael Brosnan at CIT Inc is $245,000. There are 9 executives at CIT Inc getting paid more, with Ellen Alemany having the highest compensation of $8,339,410.
Michael Brosnan is 61, he's been the Independent Director of CIT Inc since 2016. There are 12 older and 8 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 1 CIT Dr, Livingston, NJ 07039, USA.
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: