Form 4: Pitney Bowes Director Alberti-Perez Receives Stock Units

Director Milena Alberti-Perez was granted 23,810 restricted stock units (RSUs) of Pitney Bowes stock on May 24, 2024, which vest in one year.

Summary

• Milena Alberti-Perez, a director of Pitney Bowes Inc., reported the acquisition of 23,810 restricted stock units (RSUs) on May 24, 2024.
• These RSUs represent a contingent right to receive one share of Pitney Bowes stock each.
• The RSUs were granted under the Pitney Bowes Inc. 2024 Stock Plan and have a one-year cliff vesting period.
• Following the transaction, Alberti-Perez directly owns 42,714 shares of Pitney Bowes stock.
• Thomas Seitaridis, acting as attorney-in-fact for Milena Alberti-Perez, signed the report on May 28, 2024.
• Alberti-Perez has a power of attorney naming George Brereton, Thomas Seitaridis, and Michael Queally as attorneys-in-fact for Section 16 filings.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The granting of RSUs is a standard practice and indicates confidence in the company's future performance. It's a routine transaction, but it aligns director interests with shareholders.

Positives

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

Future Outlook

The document does not contain specific forward-looking statements beyond the vesting schedule of the RSUs.

Industry Context

This is a routine disclosure related to executive compensation and is common among publicly traded companies. It reflects standard practices for aligning management interests with shareholder value.

Comparison to Industry Standards

• Granting restricted stock units is a common practice among publicly traded companies to incentivize executives and align their interests with shareholders.
• Companies like FedEx, UPS, and other similar firms often use RSUs as part of their compensation packages for directors and key employees.
• The vesting period of one year is relatively standard, although some companies may use different vesting schedules.

Key Dates