Form 4: Pitney Bowes Director Alberti-Perez Acquires Shares Through RSU Vesting

Director Milena Alberti-Perez acquired 30,769 shares of Pitney Bowes stock on May 3, 2024, through the vesting of restricted stock units.

Summary

• On May 3, 2024, Milena Alberti-Perez, a director of Pitney Bowes Inc., acquired 30,769 shares of common stock.
• This acquisition resulted from the vesting of restricted stock units (RSUs).
• Each RSU represents a contingent right to receive one share of Pitney Bowes stock.
• The RSUs were granted on May 19, 2023, and had a one-year cliff vesting period.
• Following the transaction, Alberti-Perez directly owns 31,269 shares of Pitney Bowes stock.
• Thomas Seitaridis, acting as attorney-in-fact for Milena Alberti-Perez, signed the Form 4 on May 6, 2024.

Sentiment

Score: 6

Explanation: The document reflects a routine transaction related to executive compensation, which is neither overtly positive nor negative. It's a neutral event in the context of the company's overall performance.

Positives

• The vesting of RSUs indicates a positive alignment of the director's interests with those of the shareholders.

Industry Context

Executive compensation in the form of stock and options is a common practice in publicly traded companies to align management's interests with those of shareholders.

Stakeholder Impact

• The transaction has a minor positive impact on shareholders as it aligns the director's interests with the company's performance.

Key Dates