Form 4: Pitney Bowes Executive Joseph Catapano Reports Stock Transactions
SEC Form 4 Filing
Joseph Catapano, VP and Chief Accounting Officer of Pitney Bowes, reports the acquisition and disposal of common stock and restricted stock units on February 27, 2024.
Summary
- On February 27, 2024, Joseph Catapano, VP and Chief Accounting Officer of Pitney Bowes, engaged in transactions involving Pitney Bowes common stock and restricted stock units.
- Catapano acquired 11,880 shares of common stock and 1,903 shares of common stock through the vesting of restricted stock units.
- He also disposed of 3,783 shares and 606 shares of common stock to cover tax obligations related to the vesting of restricted stock units.
- Following these transactions, Catapano directly owns 79,605 shares of common stock and indirectly owns 1,363 shares.
- He also directly owns 11,881 and 3,805 restricted stock units.
Sentiment
Score: 5
Explanation: This is a neutral report of stock transactions, with no inherent positive or negative implications for the company's performance.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, as required by SEC regulations. It provides transparency into the executive's holdings and transactions in the company's stock.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the executive's holdings, but the overall effect is likely insignificant.
Key Dates
| Date | Description |
|---|---|
| 2019-01-02 | Date of Power of Attorney execution. |
| 2024-02-27 | Date of stock and derivative security transactions. |
| 2024-02-29 | Date of signature for the Form 4 filing. |
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