Christoph Stehmann - 21 Feb 2023 Form 4 Insider Report for PITNEY BOWES INC /DE/ (PBI)

Role
Exec VP, Enterprise Sol Group
Signature
/s/ George Brereton - POA for Christoph Stehmann
Issuer symbol
PBI
Transactions as of
21 Feb 2023
Net transactions value
-$5,807
Form type
4
Filing time
21 Feb 2023, 15:40:32 UTC
Previous filing
16 Feb 2023
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 +1,364 +8.6% $0.000000 17,209 21 Feb 2023 Direct F1
transaction PBI Common Stock Tax liability $5,807 -1,364 -7.9% $4.26 15,845 21 Feb 2023 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 -1,364 -0.79% $0.000000 171,895 21 Feb 2023 Common Stock 1,364 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 2020 Grant that was 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.