Lance Rosenzweig - Nov 21, 2024 Form 4 Insider Report for PITNEY BOWES INC /DE/ (PBI)

Role
CEO, Director
Signature
Elisabeth Weinberg - POA for Lance Rosenzweig
Stock symbol
PBI
Transactions as of
Nov 21, 2024
Transactions value $
$13,308,802
Form type
4
Date filed
11/25/2024, 07:09 PM
Previous filing
Oct 30, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PBI Common Stock Options Exercise $0 +50K +18.73% $0.00 317K Nov 21, 2024 Direct
transaction PBI Common Stock Tax liability -$191K -25.3K -7.99% $7.55 292K Nov 21, 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 Unit Award $0 +200K $0.00 200K Nov 21, 2024 Common Stock 200K Direct F1, F2
transaction PBI Restricted Stock Units Options Exercise $0 -50K -25% $0.00 150K Nov 21, 2024 Common Stock 50K Direct F1, F2
transaction PBI Stock Option Award $13.5M +1.5M $9.00 1.5M Nov 21, 2024 Common Stock 1.5M Direct F3, F4
* 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 common stock.
F2 The RSUs were granted on November 21, 2024 and vest in 25% intervals as follows: 11/21/2024, 1/24/2025, 4/23/2025, and 7/22/2025.
F3 The exercise price for the stock options is $9.00. The closing price of Pitney Bowes common stock on the grant date of the stock options was $7.69.
F4 The stock option is immediately exercisable for common stock on the date of grant; however, any shares of common stock received upon an exercise prior to the one year anniversary of the grant date will generally remain unvested until the one year anniversary of the grant date.