Form 4: Pitney Bowes Interim CFO John Witek Reports Stock Transactions
SEC Form 4 Filing
Interim CFO of Pitney Bowes, John Witek, reports transactions involving common stock and restricted stock units.
Summary
- John Witek, Interim CFO of Pitney Bowes, filed a Form 4 detailing changes in beneficial ownership.
- The transactions occurred on February 25, 2025.
- These included the vesting of 11,881 and 1,902 Restricted Stock Units (RSUs) which converted into common stock.
- Witek also disposed of 3,724 and 597 shares of common stock to cover tax obligations at a price of $10.645 per share.
- Following these transactions, Witek directly owns 95,099 shares of Pitney Bowes common stock and 9,479 Restricted Stock Units.
- A new award of 9,479 Restricted Stock Units was granted on February 26, 2025.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions, with no inherent positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to executive compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 08/01/2024 | Date of Power of Attorney execution. |
| 02/25/2025 | Date of stock transactions (vesting of RSUs, disposal of shares for tax obligations). |
| 02/26/2025 | Date of new Restricted Stock Unit award. |
| 02/27/2025 | Date of Form 4 filing. |
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