Company: CFG-PE
Filing Date: 2025-03-10
Form Type: DEF 14A
Source: 0000759944-25-000044
Chunk: 53

Company: CITIZENS FINANCIAL GROUP INC/RI
Filing Date: 2025-03-10
Form: DEF 14A
Chunk 53
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 $15.79 |
| Restricted Stock Units  |     | •3-year cliff vesting period                                                                                                                                                                                                                            |     |         |     |            |
| Restricted Cash         |     | •Only provided to Mr. Woods and Mr. Coughlin                                                                                                                                                                                                            
 •Paid in 2024 with repayment required upon resignation within three years                                                                                                                                                                               |     |         |     |            |

#### 522025 Proxy Statement

#### Compensation Matters

#### Future Off-Cycle Awards –

#### No current intention
The Compensation and HR Committee is not a proponent of granting awards outside of the standard pay and performance cycle in the absence of compelling circumstances. In this case, the Compensation and HR Committee believed that talent market dynamics and the attractiveness of these executives in the market necessitated awards to ensure continuity of leadership. The Compensation and HR Committee does not currently intend to issue additional off-cycle succession awards to the executive team in the future. However, the Compensation and HR Committee and Board will continue to take whatever actions may be necessary to manage the Company effectively and avoid any disruptions to long-term value creation.

#### Pay Mix
More than 80% of our NEOs’ total compensation is at-risk. The portion of compensation delivered in cash, RSUs, and PSUs for the 2024 performance year is illustrated below. At least 50% of long-term awards continue to be granted in the form of PSUs with a three-year performance period, which increases to nearly two-thirds for our CEO, CFO, and the Heads of our Consumer and Commercial businesses. The below pay mix does not reflect the LSAs granted to select NEOs, as this is intended to reflect the mix of 2024 performance year compensation.

#### Chief Executive Officer

#### Other NEO Average

#### Citizens Financial Group53

#### Compensation Matters

#### NEO2024 Performance Year Compensation
A corporate performance factor determined by the Compensation and HR Committee applies to each NEO and is based on financial performance (weighted 60%) and business execution (weighted at 40%). Then, the Compensation and HR Committee performs an assessment for each NEO based on individual performance and other relevant factors, which may result in adjustments to variable compensation +/-20% from the corporate performance factor percentage. The Compensation and HR Committee determined a 2024 corporate performance factor of 99.8%. In determining executive compensation, the Compensation and HR Committee makes a single variable compensation decision for each N EO, which is then broken down into a predetermined mix of short-term and long-term elements. Details regarding the determination of the corporate performance