Form 4: Pitney Bowes Director Todd A. Everett Reports Stock Award Vesting
SEC Form 4 Filing
Director Todd A. Everett reports the vesting of restricted stock units (RSUs) into common stock.
Summary
- On May 3, 2024, Pitney Bowes Director Todd A. Everett reported the vesting of 30,769 restricted stock units (RSUs) into common stock.
- These RSUs converted into 30,769 shares of common stock at a price of $0.00.
- Following the transaction, Everett directly owns 41,240.826 shares of Pitney Bowes common stock.
- The RSUs were granted on May 19, 2023, and had a one-year cliff vesting period.
Sentiment
Score: 5
Explanation: This is a routine disclosure of stock vesting, neither particularly positive nor negative.
Industry Context
Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.
Key Dates
| Date | Description |
|---|---|
| May 11 | Date of Power of Attorney execution. |
| May 19, 2023 | Date the RSUs were granted. |
| May 03, 2024 | Date of the transaction (RSU vesting). |
| May 06, 2024 | Date of signature on the report. |
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