The estimated Net Worth of R. Brad Oates is at least $1.89 Million dollars as of 15 May 2021. Mr. Oates owns over 752 units of CIT Inc stock worth over $1,027,362 and over the last 15 years he sold CIT stock worth over $601,487. In addition, he makes $265,000 as Independent Director at CIT Inc.
R has made over 6 trades of the CIT Inc stock since 2016, according to the Form 4 filled with the SEC. Most recently he exercised 752 units of CIT stock worth $40,194 on 15 May 2021.
The largest trade he's ever made was exercising 7,506 units of CIT Inc stock on 16 November 2016 worth over $206,415. On average, R trades about 891 units every 51 days since 2010. As of 15 May 2021 he still owns at least 19,221 units of CIT Inc stock.
You can see the complete history of Mr. Oates stock trades at the bottom of the page.
R. Brad Oates serves as Independent Director of the Company. He has served as a director of CIT since December 2009 and of CIT Bank, N.A. since August 2015. He currently serves as Chairman and Managing Partner of Stone Advisors, LP, a strategic advisory firm, which has been engaged as a contractor by the Federal Deposit Insurance Corporation (“FDIC”) to assist in resolving failed and troubled bank situations. Prior to joining Stone Advisors, Mr. Oates served from 1988 until 2003 as Vice Chairman, President and Chief Operating Officer of Bluebonnet Savings Bank FSB, and as Executive Vice President of Stone Holdings, Inc., a bank holding company and a private investment company specializing in banking, risk management, and emerging information technologies. Mr. Oates currently serves, or during the preceding five years served, as Chairman of the Board of Directors of Stone Advisors Holdings, LLC. Mr. Oates also advises organizations seeking to increase their “Governance Capital.” He has written numerous corporate governance articles and is a guest lecturer on stakeholder governance and business ethics. Mr. Oates is a former professional football player in the NFL, and authored, “What Corporate America Can Learn About ‘Self-Governance’ From Championship Teams.” He is an Advisory Director to the Institute for Excellence in Corporate Governance at the University of Texas-Dallas, Co-Chair of the Wheatley Ethics Advisory Council at Brigham Young University, and holds an Executive Masters Professional Director Certification, conferred by the American College of Corporate Directors, a professional director-credentialing organization for public company directors. Mr. Oates has been involved in the financial services industry for approximately 35 years, principally as a senior executive officer and director, with a particular expertise in bank cyber risk governance. He is the author of, “Cyber Crime: How Technology Makes It Easy and What To Do About It.” (2001).
As the Independent Director of CIT Inc, the total compensation of R Oates at CIT Inc is $265,000. There are 7 executives at CIT Inc getting paid more, with Ellen Alemany having the highest compensation of $8,339,410.
R Oates is 66, he's been the Independent Director of CIT Inc since 2009. There are 5 older and 18 younger executives at CIT Inc. The oldest executive at CIT Group Inc is John Ryan, 75, who is the Lead Independent Director.
R'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, and 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: