Daniel J. Goldstein - Feb 21, 2023 Form 4 Insider Report for PITNEY BOWES INC /DE/ (PBI)

Role: EVP/Chief Legal & Compliance
Signature: /s/ George Brereton - POA for Daniel Goldstein
Stock symbol: PBI
Transactions as of: Feb 21, 2023
Transactions value $: -$5,807
Form type: 4
Date filed: 2/21/2023, 03:40 PM
Previous filing: Feb 16, 2023
Next filing: Mar 16, 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PBI	Common Stock	Options Exercise	$0	+1.36K	+1.69%	$0.00	82.2K	Feb 21, 2023	Direct	F1
transaction	PBI	Common Stock	Tax liability	-$5.81K	-1.36K	-1.66%	$4.26	80.8K	Feb 21, 2023	Direct	F1

Showing 1 to 2 of 2 entries

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	-1.36K	-6.19%	$0.00	20.7K	Feb 21, 2023	Common Stock	1.36K		Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The vesting is to pay for Social Security and Medicare Taxes on the 2020 Grant that was deferred.
F2	Each unit represents a contingent right to receive one share of Pitney Bowes common stock.
F3	Each unit represents a contingent right to receive one share of Pitney Bowes common stock that will vest in three (3) equal annual installments.