Form 4: Pitney Bowes Executive Borrelle Reports Stock Transactions
SEC Form 4 Filing
William A. Borrelle, SVP and Chief Marketing Officer of Pitney Bowes, reports the vesting of restricted stock units and subsequent tax withholding.
Summary
- On February 27, 2024, William A. Borrelle, SVP, Chief Marketing Officer of Pitney Bowes, engaged in transactions involving Pitney Bowes common stock.
- Specifically, 16,743 restricted stock units vested, which were then converted into common stock.
- Following the vesting, 5,342 shares were disposed of to cover tax obligations.
- After these transactions, Borrelle directly owns 132,153 shares of Pitney Bowes common stock and 33,485 restricted stock units.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard reporting of stock transactions.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions have a minimal direct impact on stakeholders, primarily reflecting executive compensation and ownership.
Key Dates
| Date | Description |
|---|---|
| January 2, 2019 | Date of execution of Power of Attorney. |
| February 27, 2024 | Date of stock transactions: vesting of restricted stock units and tax withholding. |
| February 28, 2024 | Date of signature for the report. |
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