Company: CFG-PE
Filing Date: 2025-07-22
Form Type: 424B2
Source: 0001193125-25-162273
Chunk: 38

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-07-22
Form: 424B2
Chunk 38
---
number of directors on our board of directors shall automatically increase by two, and the new directors shall be elected at a special meeting called at the request of the holders of record of at least 20% of the Series I Preferred Stock or of any
other series of voting preferred stock (unless such request is received less than 90 days before the date fixed for the next annual or special meeting of the stockholders, in which event such election shall be held at such next annual or special
meeting of stockholders), and at each subsequent annual meeting. These voting rights will continue until dividends on the shares of the Series I Preferred Stock and any such series of voting preferred stock for at least two consecutive semi-annual
or four consecutive quarterly dividend periods, as applicable, following the nonpayment shall have been fully paid.

“Voting preferred stock” means any other class or series of preferred stock of Citizens Financial Group, Inc. ranking equally with the Series I Preferred Stock as to dividends (whether cumulative or
non-cumulative) and the distribution of assets upon liquidation, dissolution or winding up of Citizens Financial Group, Inc. and upon which like voting rights have been conferred and are exercisable, including
the Series B Preferred Stock, Series C Preferred Stock, Series E Preferred Stock, Series F Preferred Stock, Series G Preferred Stock and the Series H Preferred Stock. Whether a plurality, majority or other portion of the shares of Series I Preferred
Stock and any other voting preferred stock have been voted in favor of any matter shall be determined by reference to the stated amounts of the shares voted (that is, the stated amount of any preference upon liquidation, dissolution or winding up,
without regard to any unpaid dividends that may also be included in the liquidation preference with respect to such shares).

If and when
dividends for at least two consecutive semi-annual or four consecutive quarterly dividend periods, as applicable, following a nonpayment have been paid in full on the Series I Preferred Stock and any

S-22

other class or series of voting preferred stock, the holders of the Series I Preferred Stock and all other holders of voting preferred stock shall be divested of the foregoing voting rights (subject to revesting in the event of each subsequent nonpayment), the term of office of each preferred stock director so elected shall terminate and the number of directors on the board of directors shall automatically decrease by two. In determining whether dividends have been paid for at least two consecutive semi-annual or four consecutive quarterly dividend periods, as applicable, following a nonpayment