Christoph Stehmann - 07 Mar 2024 Form 4 Insider Report for PITNEY BOWES INC /DE/ (PBI)

Signature
/s/ Thomas Seitaridis - POA for Christoph Stehmann
Issuer symbol
PBI
Transactions as of
07 Mar 2024
Net transactions value
-$3,123
Form type
4
Filing time
11 Mar 2024, 18:15:09 UTC
Previous filing
16 Mar 2023
Next filing
14 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PBI Common Stock Options Exercise $0 +806 +3.9% $0.000000 21,571 07 Mar 2024 Direct F1
transaction PBI Common Stock Tax liability $3,123 -806 -3.7% $3.88 20,765 07 Mar 2024 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 -806 -1.1% $0.000000 72,253 07 Mar 2024 Common Stock 806 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 2023 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.