Form 4: Pitney Bowes SVP, Chief Information Officer, Joseph Schmitt, Reports Stock Transactions
SEC Form 4
Joseph Schmitt, SVP and Chief Information Officer of Pitney Bowes, reports the acquisition and disposal of common stock and restricted stock units on March 12, 2024.
Summary
- On March 12, 2024, Joseph Schmitt, SVP, Chief Information Officer of Pitney Bowes, engaged in transactions involving Pitney Bowes Inc. common stock.
- Schmitt acquired 14,468 shares of common stock through the vesting of restricted stock units.
- He also disposed of 6,922 shares to cover tax obligations at a price of $4.085 per share.
- Following these transactions, Schmitt directly owns 170,324 shares of Pitney Bowes common stock.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing related to stock transactions, indicating a neutral 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 have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 2023-09-13 | Date of execution of the Power of Attorney. |
| 2024-03-12 | Date of the reported stock transactions (acquisition and disposal). |
| 2024-03-14 | Date of signature on the Form 4 report. |
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