The estimated Net Worth of Alan L Frank is at least $2.43 Million dollars as of 1 June 2021. Mr. Frank owns over 9,497 units of CIT Inc stock worth over $2,188,778 and over the last 9 years he sold CIT stock worth over $0. In addition, he makes $245,000 as Independent Director at CIT Inc.
Alan has made over 8 trades of the CIT Inc stock since 2016, 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 exercising 9,497 units of CIT Inc stock on 1 June 2021 worth over $507,615. On average, Alan trades about 1,438 units every 93 days since 2015. As of 1 June 2021 he still owns at least 40,950 units of CIT Inc stock.
You can see the complete history of Mr. Frank stock trades at the bottom of the page.
Alan L. Frank serves as Independent Director of the Company. He has served as a director of CIT since August 2015. He also served as a director of OneWest Bank N.A. from 2014 to 2015, prior to its merger with CIT Bank. Mr. Frank spent 40 years with Deloitte & Touche LLP and retired in December 2012. With Deloitte & Touche, he led audit service teams from 1983 to 2012 and he led the Southern California consumer business and middle market audit practices from 1986 through 2010. Mr. Frank has significant experience with mergers and acquisitions, financial reporting matters, initial public offerings, and high growth companies. Mr. Frank graduated from the University of Southern California with a Bachelor of Science Degree.
As the Independent Director of CIT Inc, the total compensation of Alan Frank 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.
Alan Frank is 68, he's been the Independent Director of CIT Inc since 2015. There are 3 older and 20 younger executives at CIT Inc. The oldest executive at CIT Group Inc is John Ryan, 75, who is the Lead Independent Director.
Alan's mailing address filed with the SEC is C/O CIT GROUP INC., 340 MOUNT KEMBLE AVENUE, SUITE 100, MORRISTOWN, NJ, 07960.
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.
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: