Company: CFG-PE
Filing Date: 2025-07-22
Form Type: 424B2
Source: 0001193125-25-162273
Chunk: 26

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-07-22
Form: 424B2
Chunk 26
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, will be fully paid and
nonassessable.

The Series I Preferred Stock will not be convertible into, or exchangeable for, shares of our common stock or any other
class or series of our other securities and will not be subject to any sinking fund or any other obligation of us for their repurchase or retirement. The Series I Preferred Stock represents non-withdrawable
capital, will not be an account of an insurable type, and will not be insured or guaranteed by the FDIC or any other governmental agency or instrumentality.

The number of authorized shares of the Series I Preferred Stock initially is and the “stated amount” per share is $1,000. The number of authorized shares may from time to time be increased (but not in excess of the total number of authorized shares of preferred stock, less all shares of any other series of preferred stock
authorized at the time of such increase) or decreased (but not below the number of shares of Series I

S-15

Preferred Stock then outstanding) by resolution of the board (or a duly authorized committee of the board), without the vote or consent of the holders of the Series I Preferred Stock. Shares of Series I Preferred Stock that are redeemed, purchased or otherwise acquired by us will be cancelled and shall revert to authorized but unissued shares of preferred stock undesignated as to series. We have the authority to issue fractional shares of Series I Preferred Stock. We reserve the right to re-openthis series and issue additional shares of Series I Preferred Stock and the related Depositary Shares either through public or private sales at any time and from time to time without notice to or the consent of holders of Series I Preferred Stock, providedthat such additional shares of Series I Preferred Stock and related Depositary Shares may only be issued on a dividend payment date and shall accrue dividends from the date they are issued, and such additional shares of Series I Preferred Stock and related Depositary Shares will only be issued if they are fungible with the original shares for tax purposes. The additional shares of Series I Preferred Stock and related Depositary Shares would be deemed to form a single series with the Series I Preferred Stock and the related Depositary Shares, respectively, offered by this prospectus supplement. Each share of Series I Preferred Stock shall be identical in all respects to every other share of Series I Preferred Stock, except that, other than any shares of Series I Preferred Stock issued in connection with the exercise by the underwriters of their over-allotment option, shares of Series I Preferred Stock issued