Form 4: Pitney Bowes SVP Christopher Johnson Reports Stock Transactions
SEC Form 4
Pitney Bowes SVP & President, GFS, Christopher Johnson, reports the vesting and subsequent withholding of shares to cover tax obligations related to restricted stock units.
Summary
- On February 27, 2024, Christopher Johnson, SVP & President, GFS at Pitney Bowes Inc., reported transactions involving Pitney Bowes common stock.
- These transactions included the vesting of 19,008 and 3,805 restricted stock units, and the subsequent withholding of 5,769 and 1,155 shares, respectively, to cover tax obligations.
- Following these transactions, Johnson directly owns 145,677 shares of Pitney Bowes common stock and 7,611 restricted stock units.
- The transactions were executed under the 2018 Stock Plan.
- Thomas Seitaridis, acting as POA for Christopher Johnson, signed the report on February 29, 2024.
Sentiment
Score: 5
Explanation: This is a neutral report on stock transactions, with no inherent positive or negative implications.
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 the overall shareholding structure of the company.
- The vesting of restricted stock units is part of the executive compensation plan, aligning management interests with shareholder value.
Key Dates
| Date | Description |
|---|---|
| 2023-09-13 | Date of Power of Attorney execution. |
| 2024-02-27 | Date of stock transactions (vesting of restricted stock units and withholding of shares for taxes). |
| 2024-02-29 | Date of Form 4 signature by Thomas Seitaridis as POA for Christopher Johnson. |
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