Marc Bradley Lautenbach - Feb 11, 2022 Form 4 Insider Report for PITNEY BOWES INC /DE/ (PBI)

Role
President and CEO
Signature
/s/ George Brereton - POA for Marc Bradley Lautenbach
Stock symbol
PBI
Transactions as of
Feb 11, 2022
Transactions value $
-$105,138
Form type
4
Date filed
2/15/2022, 08:25 AM
Previous filing
Dec 30, 2021
Next filing
Feb 17, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PBI Common Stock Options Exercise $0 +21.4K +8.48% $0.00 274K Feb 11, 2022 Direct F1
transaction PBI Common Stock Tax liability -$105K -21.4K -7.82% $4.91 252K Feb 11, 2022 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PBI Restricted Stock Units Options Exercise $0 -21.4K -1.73% $0.00 1.22M Feb 11, 2022 Common Stock 21.4K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The vesting is to pay for Social Security and Medicare Taxes on the 2018, 2019 and 2020 Grants that were deferred.
F2 Each unit represents a contingent right to receive one share of Pitney Bowes common stock.
F3 Each unit represents a contingent right to receive one share of Pitney Bowes common stock that will vest in three (3) equal annual installments.