The Players
I replaced Vikram Pandit in October 2012
Who is Michael Corbat?
Measurable skills, abilities and knowledge that we all should demonstrate to be successful Citi leaders.
What are Citi's Leadership Standards?
Enables economic value and positive social impact for clients, companies, governments, and communities
What is the Leadership Standard 'Drives Value for Clients'?
Any time there is a change in their holdings—purchases, sales, EQUITY AWARDS, STOCK OPTION EXERCISES, certain 401(k) transactions—must be filed within 2 business days of the transaction.
What is Form 4 Reporting for Sec 16B officers?
We are coded as 'NQ' (non-qualified) in CERA and have an upcoming expiration on June30 2018
What is a stock option?
This person is the Business Information Security Officer (BISO) who is directly responsible for managing, implementing, and reporting on Citi Information Security programs, policies & standards for HRSS Compensation & Benefits.
Who is Teody Besana?
Our standardized way to optimize how we work with our external and internal customers – taking an ‘end-to-end process view’ to cut through functional and siloed boundaries to deliver ‘remarkable experiences’ in everything we do.
What is CitiLean?
Shares cannot be delivered to a trust, estate, or retirement (including IRA or Keogh) account. Your name and Social Security (or taxpayer identification) number must be listed as primary on a joint account.
What is an invalid share delivery account?
The lift date for 2018 EUST Awards.
What is going on for Feb 15 2019?
True or False, with the exception of 1 participant under investigation, all NQ stock option grants are 'underwater' and therefore not exercisable.
False, there are currently 4 grants exercisable at the current trading price
We are your Regional Equity Coordinators for LATAM, Mexico, EMEA, APAC and Warsaw
Guilherme Cadore
Alicia Molina, Coco Bobadilla
Theresa Maggorian, Josh Hole, Claudine Trinh
James Hung, Adie Leung
Kasia Skrzypczynsk, Adrzej Krzesinski
This Global Structure is reviewed and approved by the Personnel and Compensation Committee of the Board of Directors of Citigroup Inc. and the Head of Human Resources during December board meetings to determine the variations to the global program guidelines for awards under the Citigroup Discretionary Incentive and Retention Award Plans
What is DIRA?
In compliance with U.S. Internal Revenue Code rules, payroll taxes are required to be paid on the unvested portion of a deferred stock or deferred cash award in the year that a “substantial risk of forfeiture” no longer exists.
Awards with a formulaic performance-based vesting condition are considered to have a substantial risk of forfeiture until it is determined that this vest condition is satisfied. Accordingly, payroll taxes are not due on such awards until this condition is satisfied.
What triggers the early FICA collection?
The next time the CEO will announce this is on July 13, 2018.
When will the Quarterly Earnings be reported?
The Phantom Stock is a contractual agreement between a corporation and recipients of phantom shares that bestow upon the grantee the right to a cash payment at a designated time or in association with a designated event in the future, which payment is to be in an amount tied to the market value of an equivalent number of shares of the corporation's stock. Thus, the amount of the payout will increase as the stock price rises, and decrease if the stock falls, but without the recipient actually receiving any stock. Like other forms of stock-based compensation plans, phantom stock broadly serves to align the interests of recipients and shareholders, incent contribution to share value, and encourage the retention or continued participation of contributors.
What is a Unit? What is DCSU?
The business Comp Leads for EO&T/Global Functions, ICG and Consumer Bank.
Tyrrell Erbes
Tom Curley
Sean Gallagher
A feed sent to payroll bi-weekly capturing any US Taxes and or US Income for Stock Award and Stock Option transactions for participants (active and terminated) completed within the current cycle. The schedule is modified during year-end and the Bulk.
What is the EMPTAX?
This condition will be based on the financial performance of the reference business(es) indicated on the award agreement (your "Reference Business") for the calendar year immediately preceding a vesting date (the "Performance Year"). The Reference Businesses for CAP awards are: Citigroup; Global Consumer Banking; and Institutional Clients Group; each as reported in Citi’s publicly reported financial statements. In general, your Reference Business will be the business in which you work on the award date; if you work in a Global Function, Citi Holdings or Enterprise O&T, your Reference Business will typically be Citigroup.
What is the Formulaic Performance Based Vesting condition?
Non-Compete forms are scheduled to go out during this month in 2018.
What is October?
Most awards issued under this plan type are interest eligible.
What is deferred cash?
We are the Business SHROs
Who are:
Diane Arber
Bruce Cohen
Edith Ginsberg
Juan Manuel Cerda
Translate acronyms in the following statement:
Please visit CFY for further details from GFTS regarding FICA calculations on CAP awards. The FMV used for GMU participants are detailed in the OSC cases. If there is a conflict on the CUSIP, we will need to escalate to the SHRO.
CFY Citi For You
GFTS Global Finance Technology Services
FICA Federal Insurance Contributions Act
CAP Capital Accumulation Program
FMV Fair Market Value
GMU Global Mobility Unit
OSC Online Service Center
CUSIP Committee on Uniform Securities Identification Procedures
SHRO Senior Human Resources Officer
You resign voluntarily to work in a full-time paid career:
1) In government service;
2) For a bona fide charitable institution; or
3) As a teacher at a bona fide educational institution
What is the Alternate Career Program?
All US CAP vest and FICA transactions that are not settled/reported to NAM payroll via OTE or EMPTAX are reported manually every year during this event on December 31.
What is the annual estimate?
The newest program addition to Equity Comp that will mirror both Stock Offcycle plans and Deferred Cash annual awards.
What is Cash In Lieu CIL?