Lance Rosenzweig - May 22, 2024 Form 4 Insider Report for PITNEY BOWES INC /DE/ (PBI)

Role
Interim CEO, Director
Signature
Thomas Seitaridis - POA for Lance Rosenzweig
Stock symbol
PBI
Transactions as of
May 22, 2024
Transactions value $
-$150,435
Form type
4
Date filed
5/24/2024, 11:30 AM
Previous filing
May 7, 2024
Next filing
Aug 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PBI Common Stock Options Exercise $0 +75.6K +756.15% $0.00 85.6K May 22, 2024 Direct
transaction PBI Common Stock Tax liability -$150K -28.6K -33.44% $5.26 57K May 22, 2024 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
transaction PBI Restricted Stock Units Award $0 +302K +1451.89% $0.00 323K May 22, 2024 Common Stock 302K Direct F1, F2
transaction PBI Restricted Stock Units Options Exercise $0 -75.6K -23.39% $0.00 248K May 22, 2024 Common Stock 75.6K Direct F1, F2
* 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 The RSUs were granted on May 22, 2024 and vest in 25% intervals as follows: 5/22/2024, 8/19/2024, 11/18/2024, and 2/17/2025.