Company: CFG-PE
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0000759944-25-000044
Chunk: 39

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 39
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 service would not impair the ability of a director to serve effectively on our Board or a committee of the Board, it is our policy that:

• Non-employee directors may not serve on more than four public company boards, including ours;

• Non-employee directors who are also CEOs of other public companies may not serve on more than three public company boards, including ours; and

• Directors may not serve as members of our Audit Committee if such director serves on the audit committee of more than two other public companies.

#### Citizens Financial Group41

#### Corporate Governance Matters

#### Director Compensation
The Citizens Financial Group, Inc. Non-Employee Director Compensation Policy (the “Director Compensation Policy”) governs the compensation of our non-employee directors. The Director Compensation Policy is reviewed on an annual basis by the Compensation and HR Committee and its independent compensation consultant, Compensation Advisory Partners ("CAP"), which makes recommendations, as appropriate. The Compensation and HR Committee reviews market data and recommendations provided by CAP and considers its advice on industry best practice and sound governance practices when making recommendations regarding director compensation to the Board for approval. Any changes to director compensation are approved by the Compensation and HR Committee in addition to the Nominating and Corporate Governance Committee and the full Board.

Following a review of our Director Compensation Policy in April 2024, the non-employee directors' annual equity retainer was increased by $10,000 (to $155,000). An annual compensation limit was also imposed for non-employee directors specifying that the aggregate value of cash and equity-based retainers paid to any non-employee director may not exceed $750,000 in any calendar year. This is in addition to the annual equity award limit of $400,000 memorialized in the Amended and Restated Citizens Financial Group, Inc. 2014 Non-Employee Directors Compensation Plan (the "Director Plan").

Below is a summary of the elements of our Director Compensation Policy, as amended effective April 25, 2024.

| Element of Compensation                                           |     | Amount |         |
|:------------------------------------------------------------------|:----|:-------|--------:|
| Annual Retainer (cash)                                            |     | $      | 105,000 |
| Annual Restricted Stock Unit Award (equity)                       |     | $      | 155,000 |
| Lead Director Retainer (cash)                                     |     | $      |  50,000 |
| Audit Committee Chair Retainer (cash)                             |     | $      |  35,000 |
| Risk