Schmitt Joseph - 12 Sep 2023 Form 3 Insider Report for PITNEY BOWES INC /DE/ (PBI)

Role
SVP, Chief Information Officer
Signature
George Brereton - POA for Joseph Schmitt
Issuer symbol
PBI
Transactions as of
12 Sep 2023
Net transactions value
$0
Form type
3
Filing time
21 Sep 2023, 16:16:57 UTC
Next filing
20 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
holding PBI Common Stock 145,243 12 Sep 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 12 Sep 2023 Common Stock 3,532 Direct F1, F2
holding PBI Restricted Stock Units 12 Sep 2023 Common Stock 3,215 Direct F1, F3
holding PBI Restricted Stock Units 12 Sep 2023 Common Stock 18,581 Direct F1, F4
holding PBI Restricted Stock Units 12 Sep 2023 Common Stock 14,468 Direct F1, F5
holding PBI Restricted Stock Units 12 Sep 2023 Common Stock 52,274 Direct F1, F6
holding PBI Restricted Stock Units 12 Sep 2023 Common Stock 12,557 Direct F1, F7
holding PBI Restricted Stock Units 12 Sep 2023 Common Stock 6,222 Direct F1, F8
holding PBI Performance Stock Units 12 Sep 2023 Common Stock 1,353 Direct F9, F10
holding PBI Stock Options 12 Sep 2023 Common Stock 21,201 $16.82 Direct F11
holding PBI Stock Options 12 Sep 2023 Common Stock 65,625 $13.16 Direct F11
* 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 in three (3) equal annual installments February 9, 2016.
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.
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 February.
F5 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.
F6 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.
F7 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.
F8 Represents DRIP shares accumulated on deferred RSUs under a 409A deferral.
F9 Each performance stock unit represents a contingent right to receive Pitney Bowes common stock based upon pre-determined performance factors.
F10 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.
F11 The stock option grant vest in three equal annual installments.