Pitney Bowes (NYSE: PBI) officer converts RSUs, withholds shares for taxes

Rhea-AI Filing Summary

Pitney Bowes executive Lauren Thomas Defina, VP and Chief Accounting Officer, exercised restricted stock units into 1,659 shares of common stock, with no cash exercise price. As a result, she directly held 2,280 common shares after the conversion.

In a related tax-withholding disposition, 520 common shares were delivered at $10.875 per share to satisfy tax obligations, reducing her direct common share holdings to 1,760 shares. Each restricted stock unit represents a right to one share of common stock and vests in three equal annual installments on February 26, 2026, February 23, 2027, and February 22, 2028.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

DEFINA LAUREN THOMAS

(Last) (First) (Middle)

27 WATERVIEW DRIVE

(Street)

SHELTON CT 06484

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PITNEY BOWES INC /DE/ [ PBI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP, Chief Accounting Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/26/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	02/26/2026		M		1,659	A	$0.00	2,280	D
Common Stock	02/26/2026		F		520	D	$10.875	1,760	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Unit	(1)	02/26/2026		M			1,659	(2)	(2)	Common Stock	1,659	$0.00	3,317	D

Explanation of Responses:

1. Each unit represents a contingent right to receive one share of Pitney Bowes common stock.

2. Vests over a three-year period in equal annual installments on February 26, 2026, February 23, 2027, and February 22, 2028.

Remarks:

	/s/ Elisabeth Weinberg, as attorney-in-fact for Lauren Thomas DeFina	02/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transactions did Pitney Bowes (PBI) report for Lauren Thomas Defina?

Lauren Thomas Defina exercised 1,659 restricted stock units into 1,659 Pitney Bowes common shares and had 520 common shares disposed to cover tax obligations, leaving her with 1,760 directly held common shares after the transactions.

How many Pitney Bowes (PBI) shares did the executive acquire through RSU conversion?

She acquired 1,659 Pitney Bowes common shares through the exercise and conversion of restricted stock units at a stated price of $0.00 per share, reflecting equity compensation rather than an open-market purchase transaction.

Why were 520 Pitney Bowes (PBI) shares disposed of in this Form 4 filing?

The 520 Pitney Bowes common shares were disposed of as a tax-withholding transaction at $10.875 per share, used to pay the tax liability associated with the restricted stock unit conversion rather than representing an open-market sale.

What is Lauren Thomas Defina’s Pitney Bowes (PBI) share ownership after these transactions?

After exercising restricted stock units and the related tax-withholding share disposition, Lauren Thomas Defina directly holds 1,760 Pitney Bowes common shares, as reported in the ownership figures following the final transaction on the reported date.

How do the Pitney Bowes (PBI) restricted stock units held by the executive vest?

Each restricted stock unit represents a contingent right to receive one Pitney Bowes common share. The units vest in three equal annual installments on February 26, 2026, February 23, 2027, and February 22, 2028, subject to continued service conditions.

Is the Pitney Bowes (PBI) insider transaction an open-market buy or sell?

The filing shows an exercise and conversion of restricted stock units into shares and a tax-withholding share disposition. It does not report an open-market purchase or sale, but rather equity compensation and related tax settlement activity.