Marc Bradley Lautenbach - 21 Feb 2023 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
21 Feb 2023
Net transactions value
-$15,432
Form type
4
Filing time
21 Feb 2023, 15:40:43 UTC
Previous filing
16 Feb 2023
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 +3,625 +1.4% $0.000000 256,047 21 Feb 2023 Direct F1
transaction PBI Common Stock Tax liability $15,432 -3,625 -1.4% $4.26 252,422 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 -3,625 -0.18% $0.000000 1,969,618 21 Feb 2023 Common Stock 3,625 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.