Form 4: Pitney Bowes Executive James Fairweather Reports Stock Transactions
SEC Form 4
EVP & Chief Innovation Officer of Pitney Bowes, James Arthur Fairweather, reports the vesting and subsequent disposal of restricted stock units.
Summary
- On February 27, 2024, James Arthur Fairweather, EVP & Chief Innovation Officer of Pitney Bowes, reported transactions involving Pitney Bowes Inc. common stock.
- Fairweather acquired 48,706 shares of common stock through the vesting of restricted stock units.
- Simultaneously, 15,483 shares were disposed of to cover tax obligations related to the vesting.
- Following these transactions, Fairweather directly owns 235,518 shares of Pitney Bowes common stock and 97,413 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral reporting of stock transactions by an executive, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies. It provides transparency into the transactions of company insiders.
Key Dates
| Date | Description |
|---|---|
| April 27, 2021 | Power of Attorney executed by James Fairweather. |
| February 27, 2024 | Date of transaction: vesting of restricted stock units and disposal of shares for tax obligations. |
| February 29, 2024 | Date of Thomas Seitaridis' signature as POA for James Fairweather on the Form 4. |
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