GREGG ZEGRAS - 07 Mar 2024 Form 4 Insider Report for PITNEY BOWES INC /DE/ (PBI)

Signature
/s/ Thomas Seitaridis - POA for Gregg Zegras
Issuer symbol
PBI
Transactions as of
07 Mar 2024
Net transactions value
-$4,445
Form type
4
Filing time
11 Mar 2024, 18:15:19 UTC
Previous filing
20 Feb 2024
Next filing
18 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PBI Common Stock Options Exercise $0 +1,147 +1.6% $0.000000 71,077 07 Mar 2024 Direct F1
transaction PBI Common Stock Tax liability $4,445 -1,147 -1.6% $3.88 69,930 07 Mar 2024 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 -1,147 -1% $0.000000 113,008 07 Mar 2024 Common Stock 1,147 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 2023 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.