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

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
25 Nov 2024, 19:09:31 UTC
Prior SEC filing
30 Oct 2024
Next SEC filing
27 Jan 2025
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
Elisabeth Weinberg - POA for Lance Rosenzweig

Key filing fact

Lance Rosenzweig filed Form 4 for PITNEY BOWES INC /DE/ (PBI) on 25 Nov 2024.

Key facts

  • This page summarizes Lance Rosenzweig's Form 4 filing for PITNEY BOWES INC /DE/ (PBI).
  • 5 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 25 Nov 2024, 19:09.

Change

  • Previous filing in this sequence was filed on 30 Oct 2024.
  • Current net transaction value: +$13,308,802.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

PBI transaction

Common Stock

Options Exercise

Transaction value
$0
Shares
+50,000
Change %
+19%
Price
$0.000000
Shares after
317,000
Date
21 Nov 2024
Ownership
Direct
PBI transaction

Common Stock

Tax liability

Transaction value
$191,198
Shares
-25,341
Change %
-8%
Price
$7.54
Shares after
291,659
Date
21 Nov 2024
Ownership
Direct

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PBI transaction Derivative

Restricted Stock Unit

Award

Transaction value
$0
Shares
+200,000
Change %
Price
$0.000000
Shares after
200,000
Date
21 Nov 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
200,000
Exercise price
Footnotes
F1, F2
PBI transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
$0
Shares
-50,000
Change %
-25%
Price
$0.000000
Shares after
150,000
Date
21 Nov 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
50,000
Exercise price
Footnotes
F1, F2
PBI transaction Derivative

Stock Option

Award

Transaction value
$13,500,000
Shares
+1,500,000
Change %
Price
$9.00
Shares after
1,500,000
Date
21 Nov 2024
Ownership
Direct
Underlying class
Common Stock
Underlying amount
1,500,000
Exercise price
Footnotes
F3, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 4 footnotes

Footnote F1

Each restricted stock unit represents a contingent right to receive one share of Pitney Bowes common stock.

Footnote 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.

Footnote 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.

Footnote 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.

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