The estimated Net Worth of Steve Solk is at least $5.25 Milión dollars as of 28 October 2021. Mr. Solk owns over 5,000 units of CIT Inc stock worth over $2,425,508 and over the last 9 years he sold CIT stock worth over $767,730. In addition, he makes $2,054,350 as President of Consumer Banking at CIT Inc.
Steven has made over 4 trades of the CIT Inc stock since 2017, according to the Form 4 filled with the SEC. Most recently he sold 5,000 units of CIT stock worth $248,500 on 28 October 2021.
The largest trade he's ever made was selling 11,000 units of CIT Inc stock on 4 February 2021 worth over $453,530. On average, Steven trades about 846 units every 66 days since 2016. As of 28 October 2021 he still owns at least 45,379 units of CIT Inc stock.
You can see the complete history of Mr. Solk stock trades at the bottom of the page.
Steven Solk serves as President of Consumer Banking of the Company. He is responsible for the Consumer Banking business. Mr. Solk also served as President of CIT Business Capital from December 2015 until January 2018. Previously, Mr. Solk was an Executive Vice President of Commercial Finance at RBS Citizens Bank and a member of Citizens’ Executive Leadership Group from April 2010 until September 2014. In this role, he was responsible for executing growth strategies for four commercial banking specialty businesses, which included Franchise Finance, Business Capital, Asset Finance and Commercial Real Estate. Prior to RBS, Mr. Solk served in several executive roles in the financial sector, including more than 20 years at Citigroup. At Citigroup, he managed multiple lending and leasing specialty businesses and attained leading market positions in core target markets. Mr. Solk began his career at Bank of America, where he underwrote and managed corporate relationships. Mr. Solk earned a Bachelor of Arts degree in Finance from Arizona State University.
As the President of Consumer Banking of CIT Inc, the total compensation of Steven Solk at CIT Inc is $2,054,350. There are 3 executives at CIT Inc getting paid more, with Ellen Alemany having the highest compensation of $8,339,410.
Steven Solk is 65, he's been the President of Consumer Banking of CIT Inc since 2018. There are 6 older and 16 younger executives at CIT Inc. The oldest executive at CIT Group Inc is John Ryan, 75, who is the Lead Independent Director.
Steve's mailing address filed with the SEC is C/O CIT GROUP INC., 340 MOUNT KEMBLE AVENUE, SUITE 100, MORRISTOWN, NJ, 07960.
Over the last 20 years, insiders at CIT Inc have traded over $29,579,165 worth of CIT Inc stock and bought 828,108 units worth $22,643,335 . The most active insiders traders include Timothy M Ring, Nelson Chai a Joseph M Leone. On average, CIT Inc executives and independent directors trade stock every 32 days with the average trade being worth of $765,778. The most recent stock trade was executed by John J. Fawcett on 24 November 2021, trading 15,000 units of CIT stock currently worth $808,800.
CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). CIT's commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management. CIT's consumer banking segment includes a national direct bank and regional branch network.
CIT Inc executives and other stock owners filed with the SEC include: