Form 4: Pitney Bowes SVP Christopher Johnson Reports Stock Transactions
SEC Form 4
Pitney Bowes SVP & President, GFS, Christopher Johnson, reports the acquisition and disposal of common stock and restricted stock units on February 25, 2025.
Summary
- Christopher Johnson, SVP & President, GFS at Pitney Bowes, filed a Form 4 on February 27, 2025, reporting transactions in Pitney Bowes Inc. (PBI) common stock and restricted stock units.
- On February 25, 2025, Johnson acquired 19,009, 3,806, and 16,708 shares of common stock through the vesting of restricted stock units.
- Also on February 25, 2025, Johnson disposed of 6,150, 1,232, and 5,406 shares of common stock to cover tax obligations at a price of $10.645 per share.
- Following these transactions, Johnson directly owns 185,003 shares of Pitney Bowes common stock.
- Johnson also acquired 20,853 restricted stock units on February 26, 2025, subject to the terms of the 2024 Stock Plan, bringing his total holdings to 20,853 restricted stock units.
- Elisabeth Weinberg, as attorney in fact for Christopher Johnson, signed the report.
Sentiment
Score: 5
Explanation: This is a routine regulatory filing, so the sentiment is neutral.
Industry Context
Form 4 filings are a routine part of compliance for corporate insiders and provide transparency into their transactions in company stock.
Stakeholder Impact
- The transactions have a minimal impact on shareholders as they represent a small percentage of the total outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 2024-07-31 | Date of Power of Attorney execution, authorizing Elisabeth Weinberg, Helen Matchett, and Michael Queally to act as attorneys-in-fact for Christopher Johnson. |
| 2025-02-25 | Date of common stock and restricted stock unit transactions. |
| 2025-02-26 | Date of restricted stock unit acquisition. |
| 2025-02-27 | Date of Form 4 filing. |
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