The estimated Net Worth of William M Freeman is at least $1.41 Million dollars as of 1 June 2021. Mr. Freeman owns over 8,480 units of CIT Inc stock worth over $1,184,826 and over the last 19 years he sold CIT stock worth over $0. In addition, he makes $230,000 as Independent Director at CIT Inc.
William has made over 5 trades of the CIT Inc stock since 2006, according to the Form 4 filled with the SEC. Most recently he exercised 8,480 units of CIT stock worth $453,256 on 1 June 2021.
The largest trade he's ever made was exercising 8,480 units of CIT Inc stock on 1 June 2021 worth over $453,256. On average, William trades about 454 units every 135 days since 2005. As of 1 June 2021 he still owns at least 22,167 units of CIT Inc stock.
You can see the complete history of Mr. Freeman stock trades at the bottom of the page.
William M. Freeman serves as Independent Director of the Company. He has served as a director of CIT since July 2003. Mr. Freeman retired in February 2010 as Chairman of the Board of Arbinet-thexchange, Inc., in which capacity he had served since November 2007. Previously, Mr. Freeman served as President and Chief Executive Officer and Director of Arbinet-thexchange, Inc. from November 2007 until September 2008. Prior to joining Arbinet-thexchange, Mr. Freeman was elected to the board of Motient Corp., (predecessor to TerreStar Corporation), in February 2007, and Chairman of Motient/TerreStar in March 2007. Mr. Freeman also served as Chief Executive Officer and Director of Leap Wireless International, Inc. from May 2004 to February 2005 and as President of the Public Communications Group of Verizon Communications Inc. from 2000 to February 2004. Mr. Freeman served on the Board of Directors of Summit Bancorp from 1999 to 2002. Mr. Freeman served as President and Chief Executive Officer of Bell Atlantic-New Jersey from 1998 to 2000, President and Chief Executive Officer of Bell Atlantic-Washington, D.C. from 1994 to 1998, and in a number of other executive and management positions at Verizon since 1974. Mr. Freeman was a founder and co-owner of Synthesis Security LLC, a closely held telecommunications company. Mr. Freeman currently serves, or during the preceding five years served, on the Board of Directors of TerreStar Corporation, the Board of Trustees of Drew University, and as a director of Value Added Holdings, Inc., a privately held communications company, is the Executive Chairman and shareholder of General Waters Inc., a privately held beverage marketing and distribution company, and Chairman of Celadon Global Inc., a privately held mergers and acquisitions research firm.
As the Independent Director of CIT Inc, the total compensation of William Freeman 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.
William Freeman is 67, he's been the Independent Director of CIT Inc since 2003. There are 4 older and 19 younger executives at CIT Inc. The oldest executive at CIT Group Inc is John Ryan, 75, who is the Lead Independent Director.
William's mailing address filed with the SEC is C/O CIT GROUP INC., 340 MOUNT KEMBLE AVENUE, SUITE 100, MAPLEWOOD, 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: