Form 4: Pitney Bowes SVP, Chief Information Officer, Joseph Schmitt, Reports Stock Transactions

Joseph Schmitt, SVP and Chief Information Officer of Pitney Bowes, reports the acquisition and disposal of common stock and restricted stock units on September 3, 2024, according to a Form 4 filing with the SEC.

Summary

• On September 3, 2024, Joseph Schmitt, SVP, Chief Information Officer of Pitney Bowes, engaged in transactions involving Pitney Bowes Inc. common stock and restricted stock units.
• Schmitt acquired 26,137 shares of common stock and 8,371 shares of common stock through the vesting of restricted stock units.
• He also disposed of 12,374 shares and 3,963 shares of common stock to cover tax obligations at a price of $6.875 per share.
• Following these transactions, Schmitt directly owns 191,939 shares of Pitney Bowes Inc. common stock.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing stock transactions by a company executive, with no inherent positive or negative sentiment.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC for corporate insiders, providing transparency into their trading activities and beneficial ownership of company stock.

Stakeholder Impact

• The transactions may have a minor impact on shareholders due to the change in insider ownership.

Key Dates