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

Signature
Elisabeth Weinberg - POA for Lance Rosenzweig
Issuer symbol
PBI
Transactions as of
28 Oct 2024
Net transactions value
-$1,158,915
Form type
4
Filing time
30 Oct 2024, 17:17:27 UTC
Previous filing
21 Aug 2024
Next filing
25 Nov 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PBI Common Stock Options Exercise $0 +55,673 +52% $0.000000 162,468 28 Oct 2024 Direct
transaction PBI Common Stock Tax liability $201,744 -28,216 -17% $7.15 134,252 28 Oct 2024 Direct
transaction PBI Common Stock Award $0 +266,618 +199% $0.000000 400,870 28 Oct 2024 Direct F1
transaction PBI Common Stock Tax liability $957,170 -133,870 -33% $7.15 267,000 28 Oct 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 -55,673 -73% $0.000000 20,832 28 Oct 2024 Common Stock 55,673 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.