Form 4: Pitney Bowes Director Thomas James Darrell Reports Stock Vesting
SEC Form 4
Director Thomas James Darrell reports the vesting of 3,725 restricted stock units into common stock of Pitney Bowes Inc.
Summary
- On March 1, 2024, Director Thomas James Darrell vested 3,725 restricted stock units (RSUs) of Pitney Bowes Inc. 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.
Sentiment
Score: 5
Explanation: This is a neutral event, reflecting the standard vesting of previously granted stock units.
Industry Context
This is a routine disclosure related to executive compensation and is typical for publicly traded companies.
Stakeholder Impact
- The vesting of RSUs may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| March 2, 2023 | Date the restricted stock units (RSUs) were granted. |
| March 1, 2024 | Date of the transaction where the RSUs vested into common stock. |
| March 4, 2024 | Date of signature on the Form 4 filing. |
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