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 and subsequent disposal of common stock to cover tax obligations.
Summary
- On March 7, 2024, Shemin Nurmohamed, EVP & President, SendTech Solutions at Pitney Bowes, reported transactions involving Pitney Bowes common stock.
- 394 shares of common stock were acquired through vesting of restricted stock units.
- Simultaneously, 394 shares were disposed of to cover Social Security and Medicare taxes related to a 2022 grant.
- Following these transactions, Nurmohamed directly owns 12,628 shares of Pitney Bowes common stock and 34,857 restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, which carries a neutral sentiment.
Industry Context
This is a routine disclosure of insider transactions, common for executives who receive stock-based compensation.
Key Dates
| Date | Description |
|---|---|
| 09/13/2023 | Date of Power of Attorney execution. |
| 03/07/2024 | Date of stock transactions (vesting and disposal). |
| 03/08/2024 | Date of signature for the Form 4 filing. |
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