Andrew R. Gold - Sep 12, 2023 Form 3 Insider Report for PITNEY BOWES INC /DE/ (PBI)

Role
SVP, Chief HR Officer
Signature
George Brereton - POA for Andrew R Gold
Stock symbol
PBI
Transactions as of
Sep 12, 2023
Transactions value $
$0
Form type
3
Date filed
9/21/2023, 04:16 PM
Next filing
Feb 20, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PBI Common Stock 71.7K Sep 12, 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
holding PBI Restricted Stock Units Sep 12, 2023 Common Stock 6.58K Direct F1, F2
holding PBI Restricted Stock Units Sep 12, 2023 Common Stock 19K Direct F1, F3
holding PBI Restricted Stock Units Sep 12, 2023 Common Stock 54.8K Direct F1, F4
holding PBI Restricted Stock Units Sep 12, 2023 Common Stock 181 Direct F1, F5
holding PBI Performance Stock Units Sep 12, 2023 Common Stock 596 Direct F6, F7
holding PBI Stock Options Sep 12, 2023 Common Stock 10.3K $16.82 Direct F8
holding PBI Stock Options Sep 12, 2023 Common Stock 43.8K $13.16 Direct F8
holding PBI Stock Options Sep 12, 2023 Common Stock 35.4K $12.64 Direct F8
holding PBI Stock Options Sep 12, 2023 Common Stock 75K $5.99 Direct F9
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit represents a contingent right to receive one share of Pitney Bowes stock.
F2 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.
F3 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.
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.
F5 Represents DRIP shares accumulated on deferred RSUs under a 409A deferral.
F6 Each performance stock unit represents a contingent right to receive Pitney Bowes common stock based upon pre-determined performance factors.
F7 The performance stock units (PSUs) represent a contingent right to receive Pitney Bowes common stock with a 3 year cliff vesting. The shares that will vest are based on the pre-established performance standards set by the Board upon making each award, and could result in more of less shares being issued at the time of the vesting due to the pre-established performance standards. Depending on financial performance, the resulting number of shares released can range from zero to a maximum of 200% of grant.
F8 The stock option grant vest in three equal annual installments.
F9 The stock option grant has a three year cliff vesting.