Company: CFG-PE
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0000759944-25-000044
Chunk: 52

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 52
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 forth here for additional perspective.

(2) Ms. Johnson's LSAs were forfeited upon her retirement from the Company.

In connection with the grants to Mr. Woods and Mr. Coughlin, the Committee also increased their stock ownership requirements to six times their salary, commensurate with the requirement for Mr. Van Saun.

#### Award Forms

#### – Balanced and targeted
The Compensation and HR Committee determined that most of the LSA value would be granted in the form of long-term equity awards to promote sound risk-balancing by recipients during the vesting period, given that the value of awards will fluctuate in line with our stock price until settlement of awards.

Half of the total LSA value was granted in the form of PSUs with metrics aligned to the drivers of long-term returns and which further our strategic plan. A significant portion was also granted in the form of RSUs (33%-50%) to encourage continuous service to the Company, and for Mr. Woods and Mr. Coughlin a small portion was awarded in the form of restricted cash (14%-17%) to provide some liquidity in light of their increased stock ownership requirements. The PSUs and RSUs would be forfeited upon resignation by the executive, including by reason of retirement, and the restricted cash awards are subject to repayment in full if the executive resigns within three years.

| n |     | PSU |     | n |     | RSU |     | n |     | Restricted Cash |

| Performance Stock Units |     | •3-year performance period 2024-2026                                                                                                                                                                                                                    
 •Maximum payout of 150% of target                                                                                                                                                                                                                       
 •Based 50% on average ROTCE (adjusted for other comprehensive income impacts) and 50% on cumulative EPS, and includes a +/- 20% relative TSR modifier.                                                                                                  
 •These awards have the following threshold and maximum achievement levels, with maximum average ROTCE tied to underlying 2026 ROTCE of 18%, which is at the upper end of our medium-term guidance and maximum cumulative EPS tied to 2026 EPS of $7.26. |     |         |     |            |
|                         |     | Metric                                                                                                                                                                                                                                                  |     | Average 
 ROTCE   |     | Cumulative 
        EPS |
|                         |     | Threshold                                                                                                                                                                                                                                               |     | 4.35%   |     |      $4.60 |
|                         |     | Maximum                                                                                                                                                                                                                                                 |     | 13.38%  |     |