Lance Rosenzweig - Oct 28, 2024 Form 4 Insider Report for PITNEY BOWES INC /DE/ (PBI)

Signature
Elisabeth Weinberg - POA for Lance Rosenzweig
Stock symbol
PBI
Transactions as of
Oct 28, 2024
Transactions value $
-$1,158,915
Form type
4
Date filed
10/30/2024, 05:17 PM
Previous filing
Aug 21, 2024
Next filing
Nov 25, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PBI Common Stock Options Exercise $0 +55.7K +52.13% $0.00 162K Oct 28, 2024 Direct
transaction PBI Common Stock Tax liability -$202K -28.2K -17.37% $7.15 134K Oct 28, 2024 Direct
transaction PBI Common Stock Award $0 +267K +198.6% $0.00 401K Oct 28, 2024 Direct F1
transaction PBI Common Stock Tax liability -$957K -134K -33.39% $7.15 267K Oct 28, 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 Options Exercise $0 -55.7K -72.77% $0.00 20.8K Oct 28, 2024 Common Stock 55.7K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On October 28, 2024, Mr. Rosenzweig and the Company executed an offer letter regarding his position as Chief Executive Officer of the Company. Agreeing to that letter agreement caused the settlement of PSUs previously granted to Mr. Rosenzweig in consideration for his services as Interim Chief Executive Officer.
F2 Each restricted stock unit represents a contingent right to receive one share of Pitney Bowes stock.
F3 On October 28, 2024, Mr. Rosenzweig and the Company executed an offer letter regarding his position as Chief Executive Officer of the Company. Agreeing to that letter agreement caused the settlement of RSUs previously granted to Mr. Rosenzweig in consideration for his services as Interim Chief Executive Officer.