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Insider Trading Arrangements
3 Months Ended 12 Months Ended
Dec. 31, 2024
shares
Dec. 31, 2024
shares
Trading Arrangements, by Individual    
Material Terms of Trading Arrangement  
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
277,356December 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.
Non-Rule 10b5-1 Arrangement Adopted false  
Rule 10b5-1 Arrangement Terminated false  
Non-Rule 10b5-1 Arrangement Terminated false  
James A. Fairweather [Member]    
Trading Arrangements, by Individual    
Name James A. Fairweather  
Title Executive Vice President and Chief Innovation Officer  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date November 25, 2024  
Expiration Date December 31, 2025  
Arrangement Duration 401 days  
Aggregate Available 277,356 277,356
Shemin Nurmohamed [Member]    
Trading Arrangements, by Individual    
Name Shemin Nurmohamed  
Title Executive Vice President and President, Sending Technology Solutions  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date December 20, 2024  
Expiration Date December 31, 2025  
Arrangement Duration 376 days  
Aggregate Available 17,521 17,521
Lance Rosenzweig [Member]    
Trading Arrangements, by Individual    
Name Lance Rosenzweig  
Title Chief Executive Officer  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date December 20, 2024  
Expiration Date December 31, 2025  
Arrangement Duration 376 days  
Aggregate Available 141,700 141,700