Daily News: February 21, 2012

Reuters: CIT’s Thain Sells Company Shares

Reuters reported that John Thain, chairman and chief executive officer of CIT, sold almost 19,100 shares of company stock for $789,000 to offset tax obligations from a bonus he received.

The article said that Thain sold the shares on February 16 at $41.31 apiece, citing a filing with the U.S. Securities and Exchange Commission. He continues to hold 290,111 CIT shares, according to the filing, Reuters said.

To read the full Reuters article, click here.