Company: CFG-PE
Filing Date: 2025-02-24
Form Type: 424B2
Source: 0001193125-25-032848
Chunk: 83

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-02-24
Form: 424B2
Chunk 83
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 | the Series G preferred stock is redeemable (i) in whole or in part, from time to time, on any dividend                                                                                                                                    
 payment date on or after October 6, 2026 or (ii) in whole but not in part at any time within 90 days of certain changes to regulatory capital requirements, in each case at a redemption price of $1,000 per share, plus any declared and 
 unpaid dividends, without accumulation of any undeclared dividends; and                                                                                                                                                                   |

| • |     | the Series H preferred stock is redeemable (i) in whole or in part, from time to time, on any dividend                                                                                                                                        
 payment date on or after July 6, 2029 or (ii) in whole but not in part at any time within 90 days of certain changes to regulatory capital requirements, in each case at a redemption price of $1,000 per share, plus any declared and unpaid 
 dividends, without accumulation of any undeclared dividends.                                                                                                                                                                                  |

Voting The Citizens preferred stock does not have any voting rights other than with respect to certain limited matters, including the right (together with all other holders of preferred stock) to elect two directors if Citizens fails to pay for the equivalent of three semi-annual or six full quarterly dividend payments, whether or not for consecutive periods, the right to vote on certain matters that could adversely affect the holders of the Citizens preferred stock and on certain other matters to the extent required by law. Liquidation Rights In the event of any liquidation, dissolution or winding up of Citizens, whether voluntary or involuntary, before any distribution or payment out of our assets may be made to or set aside for the holders of any capital 10

stock ranking junior to the Citizens preferred stock, holders of Citizens preferred stock will be entitled to receive out of Citizens’ assets legally available for distribution to Citizens’ stockholders (i.e., after satisfaction of all liabilities to creditors, if any) an amount equal to $1,000 per share, plus any dividends that have been declared but not paid prior to the date of payment of distributions to stockholders, without regard to any undeclared dividends. Anti-Takeover Effects of Some Provisions Some provisions of our restated certificate of incorporation and amended and restated bylaws could make the following more difficult:

| • |     | acquisition of control of us by means of a proxy contest or otherwise, or |

| • |     | removal of our incumbent officers and directors. |

These provisions, as well as our ability to