Form 4 for PBI PITNEY BOWES INC /DE/
Accepted 2024-11-25 00:00:00 ET · period of report 2024-11-21 · accession 0001562180-24-007977 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2024-11-25 | 2024-11-21 | PBI | Rosenzweig Lance | CEO, Dir | F - Tax | $7.55 | -25.3K | 291.7K | -8% | -$191.3K |
| D | 2024-11-25 | 2024-11-21 | PBI | Rosenzweig Lance | CEO, Dir | M - OptEx | $0.00 | +50.0K | 317.0K | +19% | $0 |
| DM | 2024-11-25 | 2024-11-21 | PBI | Rosenzweig Lance | CEO, Dir | A - Grant | $7.94 | +1.70M | 200.0K | New | +$13.50M |
| D | 2024-11-25 | 2024-11-21 | PBI | Rosenzweig Lance | CEO, Dir | M - OptEx | $0.00 | -50.0K | 150.0K | -25% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2024-11-21 | F | D | 25,341 | $7.55 | 291,659 | D | — | — | |
| 2 | Common | Common Stock | 2024-11-21 | M | A | 50,000 | $0.00 | 317,000 | D | — | — | |
| 3 | Derivative | Stock Option | 2024-11-21 | A | A | 1,500,000 | $9.00 | 1,500,000 | D | — · 2024-11-21 to 2025-05-21 | 1,500,000 Common Stock | (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. |
| 4 | Derivative | Restricted Stock Unit | 2024-11-21 | A | A | 200,000 | $0.00 | 200,000 | D | — · — to — | 200,000 Common Stock | (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. |
| 5 | Derivative | Restricted Stock Units | 2024-11-21 | M | D | 50,000 | $0.00 | 150,000 | D | — · — to — | 50,000 Common Stock | (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. |