Marc Bradley Lautenbach - Feb 21, 2023 Form 4 Insider Report for PITNEY BOWES INC /DE/ (PBI)

Role
President and CEO
Signature
/s/ George Brereton - POA for Marc Bradley Lautenbach
Stock symbol
PBI
Transactions as of
Feb 21, 2023
Transactions value $
-$15,432
Form type
4
Date filed
2/21/2023, 03:40 PM
Previous filing
Feb 16, 2023
Next filing
Mar 17, 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 +3.63K +1.44% $0.00 256K Feb 21, 2023 Direct F1
transaction PBI Common Stock Tax liability -$15.4K -3.63K -1.42% $4.26 252K Feb 21, 2023 Direct F1

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 -3.63K -0.18% $0.00 1.97M Feb 21, 2023 Common Stock 3.63K 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.