Company: CFG-PE
Filing Date: 2025-08-12
Form Type: 8-K
Source: 0001193125-25-178517
Chunk: 1

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-08-12
Form: 8-K
Item: Item 5.02
Chunk 1
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 26 weeks of base salary and conditioned upon his execution and non-revocationof a release of claims in favor of the Company. In addition, in the event Mr. Banerjee’s employment is terminated without “cause” or for “good reason” (as defined in the employment agreement) within 24 months following a “change of control” (as defined in the employment agreement), he will receive an amount equal to two times the sum of his base salary at the time of termination and the average cash bonus paid during the prior three years, as well as a pro-ratacash bonus for the year in which termination occurs, based on the average cash bonus paid during the prior three years.

Mr. Banerjee is subject to restrictive covenants prohibiting solicitation or hiring of employees, and solicitation or interference with customers and prospective clients, in each case, for twelve months following the termination of his employment with the Company for any reason, as well as a confidentiality covenant of perpetual duration. His employment with the Company will be at-willand terminable by either party at any time and for any reason, provided that Mr. Banerjee must provide 120 days’ written notice of his resignation.

A copy of the Company’s press release announcing Mr. Banerjee’s appointment as CFO and Mr. Emerson’s appointment as interim CFO is attached to this report as Exhibit 99.1 and is incorporated herein by reference.