Company: CFG-PE
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0000759944-25-000044
Chunk: 51

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 51
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 the attractiveness of these candidates for CEO and other senior executive roles at other financial institutions. Another consideration in determining award amounts was the Compensation and HR Committee ’s desire to increase Mr. Coughlin’s level of equity ownership relative to other executives. Because Mr. Coughlin is a newer member of Mr. Van Saun’s direct management team, his level of equity ownership prior to these grants was significantly lower than that of Mr. Woods. Award amounts also took into account the timeline for CEO succession readiness. The Compensation and HR Committee believes it appropriately balanced the preceding considerations in establishing the terms of the LSAs.

#### Citizens Financial Group51

#### Compensation Matters
| Name                    |     |   |     | PSU   
 Value |     |   |     | RSU   
 Value |     |   |     | Restricted 
 Cash Value |     |   |      | Total LSA 
 Value     | Annual      
 Run Rate(1) |     |   |      |    |
|:------------------------|:----|:--|----:|:------|:----|:--|----:|:------|:----|:--|----:|:-----------|:----|:--|-----:|:----------|:------------|:----|:--|-----:|:---|
| Brendan Coughlin        |     | $ | 6.0 | MM    |     | $ | 4.0 | MM    |     | $ | 2.0 | MM         |     | $ | 12.0 | MM        |             |     | $ |  4.0 | MM |
| John F. Woods           |     | $ | 3.5 | MM    |     | $ | 2.5 | MM    |     | $ | 1.0 | MM         |     | $ |  7.0 | MM        |             |     | $ | 2.33 | MM |
| Elizabeth S. Johnson(2) |     | $ | 1.5 | MM    |     | $ | 1.5 | MM    |     |   |     | —          |     | $ |  3.0 | MM        |             |     | $ |  1.0 | MM |

(1) In evaluating the LSA values, we believe a relevant consideration is the “annual run rate” of awards over the equity award vesting period and cash restriction period , which is set