Michael Carpenter Net Worth

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 15 years he sold CIT stock worth over $0. In addition, he makes $230,000 as Independent Director at CIT Inc.

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Mr. Carpenter CIT stock SEC Form 4 insiders trading

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 Carpenter biography

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.

What is the salary of Michael Carpenter?

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.

How old is Michael Carpenter?

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.

What's Michael Carpenter's mailing address?

Michael's mailing address filed with the SEC is AUTOWEB, INC., 400 NORTH ASHLEY DRIVE, SUITE 300, TAMPA, FL, 33602.

Insiders trading at CIT Inc

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, and 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.

What does CIT Inc do?

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.

Complete history of Mr. Carpenter stock trades at First Citizens Bancshares, Inc (NC), Ally Inc, CIT Inc, and AutoWeb Inc

CIT Inc executives and stock owners

CIT Inc executives and other stock owners filed with the SEC include:

• Ellen Alemany,
  Chairwoman and Chief Executive Officer of CIT Group and Chairwoman, CEO and President of CIT Bank
• John Fawcett,
  Chief Financial Officer, Executive Vice President
• Denise Menelly,
  Executive Vice President and Head of Technology and Operations
• Steven Solk,
  President of Consumer Banking
• James Duffy,
  Executive Vice President and Chief Human Resources Officer
• David M. Harnisch,
  Head of Commercial & Real Estate Fin. Bus.
• Philip Curtice Robbins,
  Pres of Asset Management & Capital Markets
• R. Brad Oates,
  Independent Director
• John Ryan,
  Lead Independent Director
• Alan Frank,
  Independent Director
• Michael Brosnan,
  Independent Director
• Gerald Rosenfeld,
  Independent Director
• Laura Unger,
  Independent Director
• Sheila Stamps,
  Independent Director
• William Freeman,
  Independent Director
• Michael Carpenter,
  Independent Director
• Khanh Tran,
  Independent Director
• Dorene Dominguez,
  Independent Director
• Barbara Callahan,
  Senior Vice President and Head of Investor Relations
• Marisa Harney,
  Executive Vice President, Chief Credit Officer
• Edward Sperling,
  Executive Vice President and Corporate Controller
• James Hubbardh,
  Executive Vice President, General Counsel and Corporate Secretary
• Wahida Plummer,
  Executive Vice President, Chief Risk Officer
• Gina Proia,
  Executive Vice President, Chief Marketing and Communications Officer
• Gina M. Proia,
  Chief Marketing & Communications Officer and Exec. VP
• James R. Hubbard,
  Exec. VP, Gen. Counsel & Corp. Sec.
• Alla Whitston,
  Chief Technology Officer
• William A Farlinger,
  Director
• Stuart A Alderoty,
  EVP, General Counsel & Secy.
• Matthew Galligan,
  President, Real Estate Finance
• Peter J Tobin,
  Director
• Robert Rowe,
  EVP, Chief Risk Officer
• James L Hudak,
  Co-President, Corp. Finance
• Carol Hayles,
  SVP & Controller
• George D. Cashman,
  President, Rail Finance
• C Jeffrey Knittel,
  President, Transportation Fin.
• Raymond D Matsumoto,
  EVP
• Kelley Morrell,
  EVP, Chief Strategy Officer
• Marianne M Parrs,
  Director
• Kenneth Mc Phail,
  EVP, Chief Strategy Officer
• Michael Sterling Jones,
  President, Business Capital
• Robert C. Rubino,
  President, CIT Bank, N.A.
• Jeffrey Lytle,
  President, Rail Finance
• James R. Hubbard,
  EVP, General Counsel & Secy
• Raymond J. Quinlan,
  EVP - Banking
• Ron G Arrington,
  President, Vendor Finance
• Jonathan A Lucas,
  President, Trade Finance
• Peter Connolly,
  Co-President, Corp. Finance
• Daniel A Ninivaggi,
  Director
• Susan M Lyne,
  Director
• Nancy J Foster,
  Exec. VP & Chief Risk Officer
• Arthur B Newman,
  Director
• Alexander T Mason,
  President & COO
• Lois M Vandeusen,
  Director
• Kristine Snow,
  Co-President, Vendor Finance
• Lisa Zonino,
  Executive Vice President
• Jeffrey M Peek,
  Chairman and CEO
• Kelley J. Gipson,
  Executive Vice President
• Christopher H Shays,
  Director
• James S Mc Donald,
  Director
• Terry Kelleher,
  Co-President, Vendor Finance
• William J Taylor,
  Exec VP and Controller
• Timothy M Ring,
  Director
• John F Daly,
  President, Trade Finance
• Gary C Butler,
  Director
• Walter Owens,
  Exec VP, Chf Sales/Mktg Off.
• Anthony P Terracciano,
  Director
• Thomas H Kean,
  Director
• Frederick E Wolfert,
  Vice Chairman, Commercial Fin.
• James J. Gifas,
  Head of Treasury Services
• Lawrence A Marsiello,
  Vice Chrmn, Chf Lending Off.
• Joseph M Leone,
  Vice Chairman and CFO
• Thomas B Hallman,
  Vice Chairman, Specialty Fin.
• John A Thain,
  Chairman & CEO
• Bryan David Allen,
  EVP, Chief HR Officer
• John C Erickson,
  President, Consumer Banking
• John J Oros,
  Director
• Margaret D Tutwiler,
  EVP, Marketing & Communication
• Robert J Ingato,
  Exec VP and General Counsel
• Stacey Goodman,
  EVP, CIO and Ops Officer
• Steven T Mnuchin,
  Vice Chairman
• Joseph M Otting,
  Co-President
• Seymour Sternberg,
  Director
• David M Moffett,
  Director
• Michael J Embler,
  Director
• Andrew Brandman,
  Exec. Vice President & CAO
• Scott T Parker,
  EVP & Chief Financial Officer
• Lisa Polsky,
  Exec VP & Chief Risk Officer
• Nelson Chai,
  Exec VP, CAO, Head of Strategy
• Steve Solk,
  President, Consumer Banking
• David Harnisch,
  Pres., Commercial Finance
• Philip Robbins,
  Pres., Asset Mgmt & Cap Mkts