Pitney Bowes (PBI) awards 56,180 restricted stock units to CFO Paul J. Evans
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pitney Bowes Inc. reported that EVP, CFO and Treasurer Paul J. Evans acquired 56,180 restricted stock units as a grant. Each unit represents a contingent right to receive one share of Pitney Bowes common stock. The award is scheduled to vest in three equal annual installments on March 3, 2027, February 22, 2028, and February 27, 2029, aligning Evans’ compensation with future company performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
EVANS PAUL J.
Role
EVP, CFO and Treasurer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 56,180 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 56,180 shares (Direct)
Footnotes (1)
- Each unit represents a contingent right to receive one share of Pitney Bowes common stock. Vests in three (3) equal annual installments beginning on the first anniversary date of the grant, with scheduled vest dates of March 3, 2027, February 22, 2028, and February 27, 2029.
FAQ
What equity award did Paul J. Evans receive from Pitney Bowes (PBI)?
Paul J. Evans received a grant of 56,180 restricted stock units from Pitney Bowes. Each unit is a contingent right to receive one share of Pitney Bowes common stock, aligning executive compensation with long-term share performance and shareholder interests over a multi-year period.
When do Paul J. Evans’ Pitney Bowes restricted stock units vest?
The 56,180 restricted stock units vest in three equal annual installments. Scheduled vesting dates are March 3, 2027, February 22, 2028, and February 27, 2029, providing a structured, long-term incentive that depends on Evans’ continued service and the company’s future performance.
How many Pitney Bowes restricted stock units does Paul J. Evans hold after this grant?
After this grant, Paul J. Evans holds a total of 56,180 restricted stock units. These units were acquired as a single equity award and each unit represents a contingent right to receive one share of Pitney Bowes common stock upon vesting over the defined three-year schedule.
Does the Pitney Bowes restricted stock unit grant to Paul J. Evans involve any cash payment?
The grant to Paul J. Evans lists a transaction price per share of 0.0000, indicating no cash payment for the units. It is a compensatory equity award, granting contingent rights to shares that vest over time rather than a purchase on the open market.
What role does Paul J. Evans hold at Pitney Bowes (PBI) in connection with this award?
Paul J. Evans serves as Executive Vice President, Chief Financial Officer and Treasurer at Pitney Bowes. The restricted stock unit grant represents part of his executive compensation, directly linking a portion of his pay to the company’s future stock performance and multi-year service.