The estimated Net Worth of Gerald Rosenfeld is at least $2.94 millió dollars as of 20 March 2020. Mr. Rosenfeld owns over 7,000 units of CIT Inc stock worth over $1,418,670 and over the last 21 years he sold CIT stock worth over $1,280,550. In addition, he makes $240,000 as Independent Director at CIT Inc.
Gerald has made over 11 trades of the CIT Inc stock since 2003, according to the Form 4 filled with the SEC. Most recently he bought 7,000 units of CIT stock worth $99,820 on 20 March 2020.
The largest trade he's ever made was selling 10,000 units of CIT Inc stock on 26 March 2004 worth over $396,900. On average, Gerald trades about 841 units every 92 days since 2003. As of 20 March 2020 he still owns at least 26,542 units of CIT Inc stock.
You can see the complete history of Mr. Rosenfeld stock trades at the bottom of the page.
Gerald Rosenfeld Ph.D. serves as Independent Director of the Company. He has served as a director of CIT since January 2010 and of CIT Bank, N.A. since August 2015. He re-joined Lazard Ltd. as Vice Chairman of United States investment banking effective March 1, 2011. He was Deputy Chairman of Rothschild North America from 2007 to 2011 and served as its Chief Executive Officer from 1999 to 2007. Prior to joining Rothschild, he was President of G Rosenfeld & Co LLC, an investment banking firm. Prior to founding G Rosenfeld & Co LLC in 1998, he was Head of Investment Banking and a member of the Management Committee of Lazard Freres & Co. LLC. Mr. Rosenfeld joined Lazard in 1992 after holding significant management positions at Bankers Trust Company, Salomon Inc. and its Salomon Brothers subsidiary and McKinsey & Company. Prior to joining McKinsey, Mr. Rosenfeld was a member of the faculty of the City College of New York, New York University and the University of Maryland. Mr. Rosenfeld currently serves, or during the preceding five years served, as a member of the Board of Directors of Continental Grain Company, as a Trustee of the New York University School of Law, where he is also a Professor of Practice. Mr. Rosenfeld previously served on the Board of Overseers of New York University’s Stern School of Business, where he also served as an Adjunct Professor of Finance.
As the Independent Director of CIT Inc, the total compensation of Gerald Rosenfeld at CIT Inc is $240,000. There are 11 executives at CIT Inc getting paid more, with Ellen Alemany having the highest compensation of $8,339,410.
Gerald Rosenfeld is 73, he's been the Independent Director of CIT Inc since 2010. 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.
Gerald's mailing address filed with the SEC is C/O CIT GROUP INC., 1 CIT DRIVE, #3251-9, LIVINGSTON, NJ, 07039.
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 és 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: