Daniel J. Goldstein - 11 Feb 2022 Form 4 Insider Report for PITNEY BOWES INC /DE/ (PBI)

Role
EVP/Chief Legal & Compliance
Signature
/s/ George Brereton - POA for Daniel Goldstein
Issuer symbol
PBI
Transactions as of
11 Feb 2022
Net transactions value
-$16,458
Form type
4
Filing time
15 Feb 2022, 08:25:26 UTC
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 +3,352 +5.1% $0.000000 69,360 11 Feb 2022 Direct F1
transaction PBI Common Stock Tax liability $16,458 -3,352 -4.8% $4.91 66,008 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 -3,352 -15% $0.000000 18,673 11 Feb 2022 Common Stock 3,352 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.