Pitney Bowes finalizes separation with EVP Shemin Nurmohamed; $636K severance plus $354K bonus

PITNEY BOWES INC /DE/

Shemin Nurmohamed ceased as EVP & President of Sending Technology Solutions on Sep 11, 2025.
Severance includes $636,000 (52 weeks base salary) paid in installments on regular paydays.
Additional lump sum of $354,069 (pro-rata bonus) payable within 30 days of separation.
Equity awards outstanding for at least one year continue vesting; others forfeited.
Company-paid term life insurance equal to one year salary and COBRA at active rate for 6 months.

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