Form 4: Pitney Bowes Executive Daniel Goldstein Reports Stock Transactions
SEC Form 4 Filing
EVP/Chief Legal & Compliance Officer Daniel J. Goldstein reports the vesting of restricted stock units to cover tax obligations and subsequent adjustments to his holdings of Pitney Bowes common stock.
Summary
- Daniel J. Goldstein, EVP/Chief Legal & Compliance Officer of Pitney Bowes, reported transactions involving the company's common stock on March 7, 2024.
- These transactions included the vesting of 1,260 restricted stock units to cover Social Security and Medicare taxes on a deferred 2023 grant.
- Following the vesting, 1,260 shares were disposed of at a price of $3.875 per share to cover tax obligations.
- After these transactions, Goldstein directly owns 88,557 shares of Pitney Bowes common stock and 112,895 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions by an executive. It doesn't inherently convey positive or negative sentiment.
Industry Context
Executive stock transactions are a routine part of corporate governance and are disclosed to provide transparency to investors. These transactions can be influenced by factors such as compensation plans, tax obligations, and personal financial planning.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they are related to executive compensation and tax obligations.
Key Dates
| Date | Description |
|---|---|
| January 2, 2019 | Date of execution of the Power of Attorney. |
| March 7, 2024 | Date of stock transactions: vesting of restricted stock units and disposal of shares for tax obligations. |
| March 8, 2024 | Date of signature for the report by Thomas Seitaridis POA for Daniel J Goldstein |
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