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

Role
President and CEO
Signature
/s/ George Brereton - POA for Marc Bradley Lautenbach
Issuer symbol
PBI
Transactions as of
11 Feb 2022
Net transactions value
-$105,138
Form type
4
Filing time
15 Feb 2022, 08:25:11 UTC
Previous filing
30 Dec 2021
Next filing
17 Feb 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PBI Common Stock Options Exercise $0 +21,413 +8.5% $0.000000 273,835 11 Feb 2022 Direct F1
transaction PBI Common Stock Tax liability $105,138 -21,413 -7.8% $4.91 252,422 11 Feb 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 -21,413 -1.7% $0.000000 1,218,700 11 Feb 2022 Common Stock 21,413 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.