William A. Borrelle - 14 Feb 2023 Form 4 Insider Report for PITNEY BOWES INC /DE/ (PBI)

Role: SVP, Chief Marketing Officer
Signature: /s/ George Brereton - POA for William A. Borrelle
Issuer symbol: PBI
Transactions as of: 14 Feb 2023
Net transactions value: +$219,999
Form type: 4
Filing time: 16 Feb 2023, 13:11:01 UTC
Previous filing: 09 Mar 2022
Next filing: 16 Mar 2023
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	+9,213	+8.7%	$0.000000	115,247	14 Feb 2023	Direct
transaction	PBI	Common Stock	Tax liability	$0	-3,701	-3.2%	$0.000000	111,546	14 Feb 2023	Direct

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	-9,213	-53%	$0.000000	8,267	14 Feb 2023	Common Stock	9,213		Direct	F1, F2, F3
transaction	PBI	Restricted Stock Units	Award	$219,999	+50,228	+608%	$4.38	58,495	14 Feb 2023	Common Stock	50,228		Direct	F1, F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	All awards listed in Table II above are subject to the terms of the 2018 Stock Plan including applicable share limits.
F2	Each unit represents a contingent right to receive one share of Pitney Bowes common stock.
F3	The third vesting of the three traunches vesting.
F4	Each unit represents a contingent right to receive one share of Pitney Bowes common stock that will vest over a three year period on the Fourth Tuesday In February