Pay vs Performance Disclosure
Unit_pure in Thousands

12 Months Ended

Dec. 31, 2022

USD ($)

Dec. 31, 2021

USD ($)

Dec. 31, 2020

USD ($)

Pay vs Performance Disclosure [Table]

Pay vs Performance [Table Text Block]

Pay

Versus Performance

The following table sets forth information regarding the Company’s performance and the “compensation actually paid” to our NEOs, as calculated in accordance with SEC disclosure rules:


2022 PAY VERSUS PERFORMANCE TABLE
									Value of Initial Fixed $100 Investment
Year (1)	Summary Compensation Table Total for PEO (2)		Compensation Actually Paid to PEO (3)		Average Summary Compensation Table Total for non-PEO NEOs (2)		Average Compensation Actually Paid to non-PEO NEOs (3)		Total Shareholder Return		Based On: (4) New Peer Group Total Shareholder Return		Old Peer Group Total Shareholder Return		Net Income (in thousands)			Adjusted Earnings Before Interest and Taxes (in thousands) (5)
(a)	(b)		(c)		(d)		(e)		(f)		(g)				(h)			(i)
2022	$	7,023,960	$	777,215	$	1,617,341	$	678,613	$	107	$	88		n/a	$	36,940		$	153,780
2021	$	4,913,938	$	6,871,285	$	1,599,173	$	1,747,398	$	177	$	111	$	97	$	(1,351	)	$	173,689
2020	$	4,713,361	$	11,196,599	$	1,401,141	$	1,478,019	$	161	$	109	$	101	$	(180,376	)	$	213,584

(1)	Marc B. Lautenbach has served as the Principal Executive Officer (“PEO”) for the entirety of 2022, 2021, and 2020, and our other NEOs for the applicable years were as follows:

-	2022: Ana Chadwick, Jason Dies, Daniel Goldstein, and James Fairweather

-	2021: Ana Chadwick, Jason Dies, Gregg Zegras, James Fairweather, and Joseph Catapano

-	2020: Jason Dies, Gregg Zegras, Daniel Goldstein, Joseph Catapano, and Stanley J. Sutula III

(2)

Amounts reported in this column represent (i) the total compensation reported in the Summary Compensation Table for the applicable year in the case of Mr. Lautenbach and (ii) the average of the total compensation reported in the Summary Compensation Table for the applicable year for our other NEOs reported for the applicable year other than Mr. Lautenbach for such years.

When the 2020 long term compensation awards were issued, we replaced PSUs with cash-settled CIUs. Under SEC disclosure rules, stock awards are required to be included in the Summary Compensation Table in the year granted, while CIU awards are included at the end of the performance period when actually earned. This means Total Compensation appears significantly higher for 2022 when compared to 2020 and 2021 because CIU awards are not included in the Summary Compensation Table until actually earned, and 2022 represented the first year that CIU payouts were included in the Summary Compensation Table for NEOs other than Mr. Fairweather, who had a CIU payout in the 2021 Summary Compensation Table. This difference results from different disclosure rules on timing for different kinds of awards, and not on their value, and should normalize over time.

(3)	To calculate compensation actually paid, adjustments were made to the amounts reported in the Summary Compensation Table for the applicable year. A reconciliation of the adjustments for Mr. Lautenbach and for the average of the other NEOs is set forth following the footnotes to this table.

(4)	Pursuant to rules of the SEC, this column represents the annual change in the value of a $100 investment in Pitney Bowes Inc. and the indicated peer group from December 31, 2019 to the end of the indicated fiscal year, assuming the reinvestment of dividends.

Historical stock price performance is not necessarily indicative of future stock price performance. Total return for the peer group is based on market capitalization, weighted for each year.

In 2021, as part of its annual process, the Committee reviewed the peer group and approved changes effective January 1, 2022 for the purposes of receiving NEO peer median pay levels and conducting pay practice reviews, as described in the Compensation Discussion and Analysis starting on page [

●

] of the Proxy Statement. Our new peer group, as reported in our annual reports on Form

10-K

for the years ended December 31, 2022 and December 31, 2021, is comprised of: ACCO Brands Corporation; Avery Dennison Corporation; Bread Financial Holdings, Inc.; Cimpress plc; Deluxe Corporation; Diebold Nixdorf, Incorporated; Etsy, Inc.; Fidelity National Information Services, Inc.; Fiserv, Inc.; Hub Group, Inc.; NCR Corporation; Overstock.com, Inc.; Rockwell Automation, Inc.; Ryder System, Inc.; Schneider National, Inc.; The Western Union Company; W.W. Grainger, Inc.; and Xerox Holdings Corporation.

Our old peer group, as was reported in our annual report on Form

10-K

for the year ended December 31, 2020, was comprised of: ACCO Brands Corporation; Alliance Data Systems Corporation; Deluxe Corporation; Diebold Nixdorf, Incorporated; Echo Global Logistics, Inc. (included through November 22, 2021 when it was taken private); Fidelity National Information Services, Inc.; Fiserv, Inc.; Hub Group, Inc.; NCR Corporation; R.R. Donnelley & Sons Company; Rockwell Automation, Inc.; Stamps.com Inc. (included through October 4, 2021 when it was taken private); The Western Union Company; and Xerox Holdings Corporation.

(5)

Adjusted EBIT

is a

non-GAAP

measure. For a reconciliation and additional information, please see “Reconciliation of Reported Consolidated Results to Adjusted Measures” on page [

●

] of the Proxy Statement. Adjusted EBIT is the Company selected measure due to the Company’s strategic focus on profitable revenue growth. The Company selected measure may change from year to year.

Reconciliation of Compensation Actually Paid Adjustments:


CAP Adjustments
Year	Summary Compensation Table Total ($) (a)		(Minus) Change in Accumulated Benefits Under Defined Benefit and Actuarial Pension Plans ($) (b)		Plus Service Costs Under Defined Benefit and Actuarial Pension Plans ($) (c)		(Minus) Grant Date Fair Value of Stock Option and Stock Awards Granted in Fiscal Year ($) (d)		Plus Fair Value at Fiscal Year-End of Outstanding and Unvested Stock Option and Stock Awards Granted in Fiscal Year ($) (e)		Plus/(Minus) Change in Fair Value of Outstanding and Unvested Stock Option and Stock Awards Granted in Prior Fiscal Years ($) (f)			Plus Fair Value Vesting of Stock Option and Stock Awards Granted in Fiscal Year that Vested During Fiscal Year ($) (g)		Plus/(Minus) Change in Fair Value as of Vesting Date of Stock Option and Stock Awards Granted in Prior Years for which Applicable Vesting Conditions Were Satisfied During Fiscal Year ($) (h)			Minus Fair Value as of Prior Fiscal Year- End of Stock Option and Stock Awards Granted in Prior Fiscal Years that Failed to Meet Applicable Vesting Conditions During Fiscal Year ($) (i)		Equals Compensation Actually Paid ($)
		Marc B. Lautenbach
2022		7,023,960		-		-		2,596,008		0		(1,841,909	)		-		(1,808,828	)		-		777,215
2021		4,913,938		-		-		2,756,416		2,009,924		(482,057	)		-		3,185,896			-		6,871,285
2020		4,713,361		-		-		2,472,612		5,932,984		2,986,107			-		36,759			-		11,196,599
		Other NEOs (Average) (j)
2022		1,617,341		0		0		476,855		0		(273,879	)		-		(187,994	)		-		678,613
2021		1,599,173		135		0		576,457		423,039		14,360			-		287,418			-		1,747,398
2020		1,401,141		16,893		0		387,271		465,698		237,677			-		2,054			224,387		1,478,019

(a)

Represents Total Compensation as reported in the Summary Compensation Table for the indicated fiscal year. With respect to the other NEOs, amounts shown represent averages.

(b)

Represents the aggregate change in the actuarial present value of the accumulated benefits under all defined benefit and actuarial pension plans reported in the Summary Compensation Table for the indicated fiscal year.

(c)

Represents the sum of the actuarial present value of the benefits under all defined benefit and actuarial pension plans attributable to services rendered during the indicated fiscal year, calculated using the same methodology as used in the Company’s financial statements under generally accepted accounting principles.

(d)

Represents the grant date fair value of the stock option and stock awards granted during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.

(e)

Represents the fair value as of the indicated fiscal

year-end

of the outstanding and unvested option awards and stock awards granted during such fiscal year, using

year-end

stock price, and otherwise computed in accordance with the methodology used for financial reporting purposes.

(f)

Represents the change in fair value during the indicated fiscal year of each option award and stock award that was granted in a prior fiscal year and that remained outstanding and unvested as of the last day of the indicated fiscal year, using

year-end

stock price, and otherwise computed in accordance with the methodology used for financial reporting purposes and, for awards subject to performance-based vesting conditions, based on the probable outcome of such performance-based vesting conditions as of the last day of the fiscal year.

(g)

Represents the fair value at vesting of the option awards and stock awards that were granted and vested during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.

(h)

Represents the change in fair value, measured from the prior fiscal

year-end

to the vesting date, of each option award and stock award that was granted in a prior fiscal year and which vested during the indicated fiscal year, using the average of the high and low stock price on the vesting date for RSUs and PSUs, and otherwise computed in accordance with the methodology used for financial reporting purposes.

(i)

Represents the fair value as of the last day of the prior fiscal year of the option award and stock awards that were granted in a prior fiscal year and which failed to meet the applicable vesting conditions in the indicated fiscal year, using

year-end

stock price, and otherwise computed in accordance with the methodology used for financial reporting purposes.

(j)

See footnote 1 above for the NEOs included in the average for each year.

Company Selected Measure Name

Adjusted EBIT

Named Executive Officers, Footnote [Text Block]

Marc B. Lautenbach has served as the Principal Executive Officer (“PEO”) for the entirety of 2022, 2021, and 2020, and our other NEOs for the applicable years were as follows:

-	2022: Ana Chadwick, Jason Dies, Daniel Goldstein, and James Fairweather

-	2021: Ana Chadwick, Jason Dies, Gregg Zegras, James Fairweather, and Joseph Catapano

-	2020: Jason Dies, Gregg Zegras, Daniel Goldstein, Joseph Catapano, and Stanley J. Sutula III

Peer Group Issuers, Footnote [Text Block]

(4)	Pursuant to rules of the SEC, this column represents the annual change in the value of a $100 investment in Pitney Bowes Inc. and the indicated peer group from December 31, 2019 to the end of the indicated fiscal year, assuming the reinvestment of dividends.

Historical stock price performance is not necessarily indicative of future stock price performance. Total return for the peer group is based on market capitalization, weighted for each year.

●

] of the Proxy Statement. Our new peer group, as reported in our annual reports on Form

10-K

Our old peer group, as was reported in our annual report on Form

10-K

PEO Total Compensation Amount

$ 7,023,960

$ 4,913,938

$ 4,713,361

PEO Actually Paid Compensation Amount

$ 777,215

6,871,285

11,196,599

Adjustment To PEO Compensation, Footnote [Text Block]

Reconciliation of Compensation Actually Paid Adjustments:


CAP Adjustments
Year	Summary Compensation Table Total ($) (a)		(Minus) Change in Accumulated Benefits Under Defined Benefit and Actuarial Pension Plans ($) (b)		Plus Service Costs Under Defined Benefit and Actuarial Pension Plans ($) (c)		(Minus) Grant Date Fair Value of Stock Option and Stock Awards Granted in Fiscal Year ($) (d)		Plus Fair Value at Fiscal Year-End of Outstanding and Unvested Stock Option and Stock Awards Granted in Fiscal Year ($) (e)		Plus/(Minus) Change in Fair Value of Outstanding and Unvested Stock Option and Stock Awards Granted in Prior Fiscal Years ($) (f)			Plus Fair Value Vesting of Stock Option and Stock Awards Granted in Fiscal Year that Vested During Fiscal Year ($) (g)		Plus/(Minus) Change in Fair Value as of Vesting Date of Stock Option and Stock Awards Granted in Prior Years for which Applicable Vesting Conditions Were Satisfied During Fiscal Year ($) (h)			Minus Fair Value as of Prior Fiscal Year- End of Stock Option and Stock Awards Granted in Prior Fiscal Years that Failed to Meet Applicable Vesting Conditions During Fiscal Year ($) (i)		Equals Compensation Actually Paid ($)
		Marc B. Lautenbach
2022		7,023,960		-		-		2,596,008		0		(1,841,909	)		-		(1,808,828	)		-		777,215
2021		4,913,938		-		-		2,756,416		2,009,924		(482,057	)		-		3,185,896			-		6,871,285
2020		4,713,361		-		-		2,472,612		5,932,984		2,986,107			-		36,759			-		11,196,599
		Other NEOs (Average) (j)
2022		1,617,341		0		0		476,855		0		(273,879	)		-		(187,994	)		-		678,613
2021		1,599,173		135		0		576,457		423,039		14,360			-		287,418			-		1,747,398
2020		1,401,141		16,893		0		387,271		465,698		237,677			-		2,054			224,387		1,478,019

(a)

Represents Total Compensation as reported in the Summary Compensation Table for the indicated fiscal year. With respect to the other NEOs, amounts shown represent averages.

(b)

(c)

(d)

Represents the grant date fair value of the stock option and stock awards granted during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.

(e)

Represents the fair value as of the indicated fiscal

year-end

of the outstanding and unvested option awards and stock awards granted during such fiscal year, using

year-end

stock price, and otherwise computed in accordance with the methodology used for financial reporting purposes.

(f)

year-end

(g)

(h)

Represents the change in fair value, measured from the prior fiscal

year-end

(i)

year-end

stock price, and otherwise computed in accordance with the methodology used for financial reporting purposes.

(j)

See footnote 1 above for the NEOs included in the average for each year.

Non-PEO NEO Average Total Compensation Amount

$ 1,617,341

1,599,173

1,401,141

Non-PEO NEO Average Compensation Actually Paid Amount

$ 678,613

1,747,398

1,478,019

Adjustment to Non-PEO NEO Compensation Footnote [Text Block]

Reconciliation of Compensation Actually Paid Adjustments:


CAP Adjustments
Year	Summary Compensation Table Total ($) (a)		(Minus) Change in Accumulated Benefits Under Defined Benefit and Actuarial Pension Plans ($) (b)		Plus Service Costs Under Defined Benefit and Actuarial Pension Plans ($) (c)		(Minus) Grant Date Fair Value of Stock Option and Stock Awards Granted in Fiscal Year ($) (d)		Plus Fair Value at Fiscal Year-End of Outstanding and Unvested Stock Option and Stock Awards Granted in Fiscal Year ($) (e)		Plus/(Minus) Change in Fair Value of Outstanding and Unvested Stock Option and Stock Awards Granted in Prior Fiscal Years ($) (f)			Plus Fair Value Vesting of Stock Option and Stock Awards Granted in Fiscal Year that Vested During Fiscal Year ($) (g)		Plus/(Minus) Change in Fair Value as of Vesting Date of Stock Option and Stock Awards Granted in Prior Years for which Applicable Vesting Conditions Were Satisfied During Fiscal Year ($) (h)			Minus Fair Value as of Prior Fiscal Year- End of Stock Option and Stock Awards Granted in Prior Fiscal Years that Failed to Meet Applicable Vesting Conditions During Fiscal Year ($) (i)		Equals Compensation Actually Paid ($)
		Marc B. Lautenbach
2022		7,023,960		-		-		2,596,008		0		(1,841,909	)		-		(1,808,828	)		-		777,215
2021		4,913,938		-		-		2,756,416		2,009,924		(482,057	)		-		3,185,896			-		6,871,285
2020		4,713,361		-		-		2,472,612		5,932,984		2,986,107			-		36,759			-		11,196,599
		Other NEOs (Average) (j)
2022		1,617,341		0		0		476,855		0		(273,879	)		-		(187,994	)		-		678,613
2021		1,599,173		135		0		576,457		423,039		14,360			-		287,418			-		1,747,398
2020		1,401,141		16,893		0		387,271		465,698		237,677			-		2,054			224,387		1,478,019

(a)

Represents Total Compensation as reported in the Summary Compensation Table for the indicated fiscal year. With respect to the other NEOs, amounts shown represent averages.

(b)

(c)

(d)

Represents the grant date fair value of the stock option and stock awards granted during the indicated fiscal year, computed in accordance with the methodology used for financial reporting purposes.

(e)

Represents the fair value as of the indicated fiscal

year-end

of the outstanding and unvested option awards and stock awards granted during such fiscal year, using

year-end

stock price, and otherwise computed in accordance with the methodology used for financial reporting purposes.

(f)

year-end

(g)

(h)

Represents the change in fair value, measured from the prior fiscal

year-end

(i)

year-end

stock price, and otherwise computed in accordance with the methodology used for financial reporting purposes.

(j)

See footnote 1 above for the NEOs included in the average for each year.

Compensation Actually Paid vs. Total Shareholder Return [Text Block]

Pay vs. TSR

Compensation Actually Paid vs. Net Income [Text Block]

Pay vs. Net Income

*Note: Refer to the 2020 Annual Report regarding Goodwill Impairment Charge.

Compensation Actually Paid vs. Company Selected Measure [Text Block]

Pay vs. Adjusted EBIT

Tabular List [Table Text Block]

Performance Measures Used to Link Company Performance and Compensation Actually Paid to the NEOs

Below is a list of performance measures, which in the Company’s assessment represent the most important performance measures used by the Company to link compensation actually paid to the NEOs for 2022. Please see the CD&A for further information regarding how each of these measures is used in the Company’s executive compensation program.

•

Adjusted EBIT

•

Adjusted EPS

•

Adjusted FCF

•

Revenue Growth

•

Stock Price

Total Shareholder Return Amount

$ 107

177

161

Net Income (Loss)

$ 36,940,000

$ (1,351,000)

$ (180,376,000)

Company Selected Measure Amount

153,780

173,689

213,584

PEO Name

Marc B. Lautenbach

Measure [Axis]: 1

Pay vs Performance Disclosure [Table]

Measure Name

Adjusted EBIT

Non-GAAP Measure Description [Text Block]

Adjusted EBIT

is a

non-GAAP

measure. For a reconciliation and additional information, please see “Reconciliation of Reported Consolidated Results to Adjusted Measures” on page [

●

] of the Proxy Statement. Adjusted EBIT is the Company selected measure due to the Company’s strategic focus on profitable revenue growth. The Company selected measure may change from year to year.

Measure [Axis]: 2

Pay vs Performance Disclosure [Table]

Measure Name

Adjusted EPS

Measure [Axis]: 3

Pay vs Performance Disclosure [Table]

Measure Name

Adjusted FCF

Measure [Axis]: 4

Pay vs Performance Disclosure [Table]

Measure Name

Revenue Growth