Gregg Zegras - 14 Feb 2023 Form 4 Insider Report for PITNEY BOWES INC /DE/ (PBI)

Role
Exec. VP & P, Global Ecommerce
Signature
/s/ Thomas Seitaridis - POA for Gregg Zegras
Issuer symbol
PBI
Transactions as of
14 Feb 2023
Net transactions value
+$499,999
Form type
4
Filing time
16 Feb 2023, 13:11:24 UTC
Previous filing
11 Mar 2022
Next filing
17 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 +17,588 +29% $0.000000 77,784 14 Feb 2023 Direct
transaction PBI Common Stock Tax liability $0 -7,854 -10% $0.000000 69,930 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 -17,588 -38% $0.000000 28,270 14 Feb 2023 Common Stock 17,588 Direct F1, F2, F3
transaction PBI Restricted Stock Units Award $499,999 +114,155 +404% $4.38 142,425 14 Feb 2023 Common Stock 114,155 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.