Form 4: Pitney Bowes Director Steven Brill Reports Stock Unit Vesting
SEC Form 4
Director Steven Brill reported the vesting of 3,725 restricted stock units into common stock of Pitney Bowes on March 1, 2024.
Summary
- Steven Brill, a director of Pitney Bowes Inc., reported a transaction on March 1, 2024.
- The transaction involved the vesting of 3,725 restricted stock units (RSUs) into common stock.
- Each RSU represents a contingent right to receive one share of Pitney Bowes stock.
- The RSUs were granted on March 2, 2023, and had a one-year cliff vesting period.
- Following the transaction, Mr. Brill directly owns 3,725 shares of Pitney Bowes common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing regarding stock unit vesting, indicating a neutral sentiment.
Industry Context
This is a routine disclosure related to executive compensation and equity awards, common in publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| March 2, 2023 | Date the restricted stock units were granted. |
| March 1, 2024 | Date of the transaction where restricted stock units vested. |
| March 4, 2024 | Date of the signature on the report. |
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