Form 4: Pitney Bowes EVP James Fairweather Reports Stock Transactions
SEC Form 4 Filing
James Fairweather, EVP & Chief Innovation Officer at Pitney Bowes, reports the acquisition and disposal of common stock and restricted stock units.
Summary
- James Fairweather, an executive at Pitney Bowes, filed a Form 4 detailing changes in his beneficial ownership of the company's stock.
- On February 25, 2025, Fairweather acquired 48,707 and 53,467 shares of common stock through the vesting of restricted stock units.
- He also disposed of 28,903 and 31,728 shares of common stock to cover tax obligations at a price of $10.645 per share.
- Following these transactions, Fairweather directly owns 306,145 shares of Pitney Bowes common stock.
- He also holds 48,706 and 106,934 restricted stock units.
- On February 26, 2025, Fairweather acquired 60,664 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, indicating a neutral sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but are unlikely to be significant.
Key Dates
| Date | Description |
|---|---|
| 2024-08-22 | Date of Power of Attorney execution. |
| 2025-02-25 | Date of common stock and restricted stock unit transactions. |
| 2025-02-26 | Date of restricted stock unit acquisition. |
| 2025-02-27 | Date of Form 4 filing. |
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