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PITNEY BOWES INC /DE/ — Director's Dealing 2024
Nov 26, 2024
31710_dirs_2024-11-25_f127fc1b-aaf5-4f48-8bac-6a3eccb4b47b.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PITNEY BOWES INC /DE/ (PBI)
CIK: 0000078814
Period of Report: 2024-11-21
Reporting Person: Rosenzweig Lance (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-11-21 | Common Stock | M | 50000.00 | $0.00 | Acquired | 317000.00 | Direct |
| 2024-11-21 | Common Stock | F | 25341.00 | $7.545 | Disposed | 291659.00 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-11-21 | Restricted Stock Unit | $ | A | 200000.00 | Acquired | Common Stock (200000.00) | Direct | |
| 2024-11-21 | Restricted Stock Units | $ | M | 50000.00 | Disposed | Common Stock (50000.00) | Direct | |
| 2024-11-21 | Stock Option | $ | A | 1500000.00 | Acquired | 2025-05-21 | Common Stock (1500000.00) | Direct |
Footnotes
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.