Form 4: Pitney Bowes Director Alberti-Perez Awarded Restricted Stock Units

Director Milena Alberti-Perez received 18,904 restricted stock units (RSUs) of Pitney Bowes stock on May 6, 2024, which vest in one year.

Summary

• Milena Alberti-Perez, a director of Pitney Bowes Inc., was granted 18,904 restricted stock units (RSUs) on May 6, 2024.
• These RSUs represent a contingent right to receive one share of Pitney Bowes stock per unit.
• The RSUs have a one-year cliff vesting period, as defined in the Amended and Restated Pitney Bowes Inc. 2018 Stock Plan.
• Thomas Seitaridis, acting as attorney-in-fact, signed the Form 4 on behalf of Milena Alberti-Perez.

Sentiment

Score: 7

Explanation: The document reflects a routine executive compensation event, which is generally viewed neutrally to positively as it aligns management interests with shareholders.

Positives

• The grant of RSUs aligns the director's interests with those of the shareholders, incentivizing performance and value creation.

Future Outlook

The RSUs will vest after one year, contingent on continued service as defined in the Amended and Restated Pitney Bowes Inc. 2018 Stock Plan.

Industry Context

Grants of restricted stock units are a common form of executive compensation used to align the interests of company directors and shareholders.

Comparison to Industry Standards

• RSU grants are a standard component of executive compensation packages across various industries.
• The vesting period of one year is relatively common, although some companies may use different vesting schedules.
• The number of RSUs granted is likely determined based on the director's role, company performance, and industry benchmarks.

Stakeholder Impact

• Shareholders may view the RSU grant positively as it incentivizes the director to work towards increasing shareholder value.

Key Dates