Company: CFG-PE
Filing Date: 2025-07-22
Form Type: 424B2
Source: 0001193125-25-162273
Chunk: 42

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-07-22
Form: 424B2
Chunk 42
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 been redeemed or called for redemption on proper notice and sufficient funds have been set aside by us for the benefit of the holders of the Series I Preferred Stock to effect the redemption unless in the case of a vote or consent required to authorize senior stock if all outstanding shares of Series I Preferred Stock are being redeemed with the proceeds from the sale of the stock to be authorized. Under current provisions of the Delaware General Corporation Law, the holders of issued and outstanding preferred stock are entitled to vote as a class, with the consent of the majority of the class being required to approve an amendment to our amended and restated certificate of incorporation if the amendment would increase or decrease the aggregate number of authorized shares of such class or increase or decrease the par value of the shares of such class. No Preemptive and Conversion Rights Holders of the Series I Preferred Stock do not have any preemptive rights. The Series I Preferred Stock is not convertible into or exchangeable for property or shares of any other series or class of our capital stock. S-24

Additional Classes or Series of Stock

We will have the right to create and issue additional classes or series of stock ranking equally with or junior to the Series I Preferred Stock
as to dividends and distribution of assets upon our liquidation, dissolution, or winding up without the consent of the holders of the Series I Preferred Stock.

Transfer Agent and Registrar

Computershare Trust Company, N.A. will be the transfer agent and registrar for the Series I Preferred Stock as of the original issue date. We
may terminate such appointment and may appoint a successor transfer agent and/or registrar at any time and from time to time. The transfer agent and/or registrar may be a person or entity affiliated with us.

Calculation Agent

Unless
we have validly called all shares of the Series I Preferred Stock for redemption on the first dividend reset date, we will appoint a calculation agent for the Series I Preferred Stock prior to the commencement of the dividend reset period. We may
appoint ourselves or an affiliate of ours as calculation agent.

Other Preferred Stock

Series B Preferred Stock. We have issued 300,000 shares of 6.000%
Fixed-to-Floating Non-Cumulative Perpetual Preferred Stock, Series B, with a liquidation preference of $1,000 per share (the
“Series B Preferred Stock”). The Series B Preferred Stock is not convertible into our common stock or any other class or series of our securities and is not subject to any sinking fund or other similar obligation for repurchase or
retirement.