PITNEY BOWES INC DE
For the period ended Dec 31, 2024. Filed Feb 21, 2025.
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FY2024 · Filed Feb 21, 2025
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Item 9B. Other Information
During the three months ended December 31, 2024, certain directors and officers of the Company adopted a "Rule 10b5-1 trading arrangement," as defined in Item 408(a) of Regulation S-K, as set forth in the table below:
| Action | Date | Trading Arrangement | Total Shares to be Sold(3) | Expiration Date | |
|---|---|---|---|---|---|
| Rule 10b5-1(1) · Non-Rule 10b5-1(2) | |||||
| James A. Fairweather (Executive Vice President and Chief Innovation Officer) | Adopt | November 25, 2024 | x | 277,356 | December 31, 2025 |
| Shemin Nurmohamed (Executive Vice President and President, Sending Technology Solutions) | Adopt | December 20, 2024 | x | 17,521 (4) | December 31, 2025 |
| Lance Rosenzweig (Chief Executive Officer) | Adopt | December 20, 2024 | x | 141,700(5) | December 31, 2025 |
(1) Intended to satisfy the affirmative defense of Rule 10b5-1(c).
(2) Not intended to satisfy the affirmative defense of Rule 10b5-1(c).
(3) Represents the maximum number of shares that may be sold pursuant to the 10b5-1 trading arrangement. The actual number of shares sold will be dependent on the terms of, and the satisfaction of the conditions as set forth in, the written plan.
(4)The Rule 10b5-1 trading arrangement includes the sale of shares to be received upon future vesting of certain outstanding equity awards, net of any shares withheld by us to satisfy applicable taxes. The number of shares to be withheld, and thus the exact number of shares to be sold pursuant to Ms. Nurmohamed’s Rule 10b5-1 trading arrangement, can only be determined upon the occurrence of the future vesting events. For purposes of this disclosure, we have reported the gross number of shares to be received upon the future vesting of such equity awards, before subtracting any shares to be withheld by us to satisfy applicable taxes in connection with such future vesting events.
(5) Mr. Rosenzweig's trading arrangement, which was entered into for ongoing estate and tax planning purposes on a date when the Company's opening share price was $6.97 per share, only provides for the sale of such shares if the price exceeds $12.00 per share in the future.
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