Form 4: Pitney Bowes Director Katie May Reports Stock Unit Vesting
SEC Form 4 Filing
Director Katie May reports the vesting of restricted stock units into common stock of Pitney Bowes.
Summary
- On May 3, 2024, Katie May, a director of Pitney Bowes Inc., reported the vesting of 30,769 restricted stock units (RSUs) into common stock.
- These RSUs converted at a price of $0.00, resulting in Ms. May directly owning 33,069 shares of Pitney Bowes common stock following the transaction.
- The RSUs were initially granted on May 19, 2023, and vested after one year.
Sentiment
Score: 5
Explanation: This is a neutral report on a standard transaction. It doesn't indicate positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The vesting of stock units may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| May 17, 2023 | Date of Power of Attorney execution. |
| May 19, 2023 | Date the restricted stock units were granted. |
| May 03, 2024 | Date of the transaction where restricted stock units vested. |
| May 06, 2024 | Date of the signature on the Form 4 filing. |
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