Marc Bradley Lautenbach - 16 Mar 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
16 Mar 2023
Net transactions value
-$6,700
Form type
4
Filing time
17 Mar 2023, 18:16:32 UTC
Previous filing
21 Feb 2023
Next filing
31 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 +1,754 +0.69% $0.000000 254,176 16 Mar 2023 Direct F1
transaction PBI Common Stock Tax liability $6,700 -1,754 -0.69% $3.82 252,422 16 Mar 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 -1,754 -0.09% $0.000000 1,967,864 16 Mar 2023 Common Stock 1,754 Direct F1, F2, F3, F4
* 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 2021 Grant that was deferred.
F2 All awards listed in Table II above are subject to the terms of the Amended and Restated 2018 Stock Plan including applicable share limits.
F3 Each unit represents a contingent right to receive one share of Pitney Bowes common stock.
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 second Tuesday in March.