Form 4: Pitney Bowes Executive Shemin Nurmohamed Reports Stock Transactions
SEC Form 4 Filing
EVP & President of SendTech Solutions at Pitney Bowes, Shemin Nurmohamed, reports the vesting of restricted stock units to cover tax obligations.
Summary
- On March 14, 2024, Shemin Nurmohamed, EVP & President of SendTech Solutions at Pitney Bowes, reported transactions involving Pitney Bowes common stock.
- 192 shares were acquired through the vesting of restricted stock units.
- These shares were immediately disposed of to cover Social Security and Medicare taxes related to a 2021 grant that was deferred.
- The price per share for the disposed shares was $4.085.
- Following these transactions, Nurmohamed directly owns 12,628 shares of Pitney Bowes common stock and 13,892 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a routine regulatory filing detailing stock transactions related to executive compensation and tax obligations. It doesn't contain information that would significantly impact investor sentiment positively or negatively.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors. This filing indicates transactions related to compensation and tax obligations, which is a common occurrence.
Key Dates
| Date | Description |
|---|---|
| 09/13/2023 | Date of Power of Attorney execution. |
| 03/14/2024 | Date of stock transactions (acquisition and disposition of shares). |
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