Pitney Bowes CEO-linked funds sell 243,938 shares
Pitney Bowes Inc. President & CEO Kurt James Wolf, through entities he manages, reported open-market sales of company common stock.
Rhea-AI Filing Summary
Pitney Bowes Inc. President & CEO Kurt James Wolf, through entities he manages, reported open-market sales of company common stock. On May 27, 2026, separately managed accounts sold 21,954 shares and Hestia Capital Partners, LP sold 221,984 shares, both at a weighted average price of $15.674 per share.
These transactions were executed pursuant to a Rule 10b5-1 trading plan adopted on November 10, 2025. Following the sales, Wolf reports 64,695 shares held directly, 338,256 shares held via separately managed accounts, and 5,379,981 shares held via Hestia Capital, while disclaiming beneficial ownership beyond his pecuniary interest.
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Insider Trade Summary 10b5-1
Net Seller: 243,938 shares
Net Sell
3 txns
Insider
Wolf Kurt James
Role
President & CEO
Sold
243,938 shs ($3.82M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 221,984 | $15.674 | $3.48M |
| Sale | Common Stock | 21,954 | $15.674 | $344K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,379,981 shares (Indirect, By Hestia Capital Partners, LP);
Common Stock — 338,256 shares (Indirect, By Separately Managed Accounts);
Common Stock — 64,695 shares (Direct)
Footnotes (3)
- F1. The stock option exercises and broker-assisted sales transactions reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 10, 2025 during the Company's open window period (the "Trading Plan").
- F2. The price reported here is a weighted average price. This transaction was executed in multiple transactions at prices ranging from $15.61 to $15.81, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
- F3. The reporting person is the managing member of (a) Hestia Partners GP, the general partner of Hestia Capital Partners, LP (Hestia Capital), and (b) Hestia LLC, the investment manager of Hestia Capital and certain separately managed accounts (the SMAs). As the managing member of each of Hestia Partners GP and Hestia LLC, the reporting person may be deemed the beneficial owner of the shares directly owned by Hestia Capital and shares held in the SMAs. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
Key Figures
Total shares sold: 243,938 shares
Weighted average sale price: $15.674 per share
Shares sold via SMAs: 21,954 shares
+4 more
7 metrics
Total shares sold
243,938 shares
Open-market sales on May 27, 2026
Weighted average sale price
$15.674 per share
Common Stock sales on May 27, 2026
Shares sold via SMAs
21,954 shares
Separately Managed Accounts, May 27, 2026
Shares sold via Hestia Capital
221,984 shares
Hestia Capital Partners, LP, May 27, 2026
Direct holdings after transactions
64,695 shares
Common Stock held directly by Kurt James Wolf
Indirect SMA holdings after
338,256 shares
Shares held via separately managed accounts
Indirect Hestia holdings after
5,379,981 shares
Shares held via Hestia Capital Partners, LP
Key Terms
Rule 10b5-1 trading plan, Separately Managed Accounts, beneficial owner, pecuniary interest, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"The stock option exercises and broker-assisted sales transactions reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person..."
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
Separately Managed Accounts financial
"Hestia LLC, the investment manager of Hestia Capital and certain separately managed accounts (the SMAs)."
A separately managed account is an investment portfolio owned by a single investor but professionally managed to that investor’s specific goals and preferences, rather than pooled with other clients’ money. It matters to investors because it offers greater customization, tax control and transparency—like hiring a personal chef instead of eating from a shared buffet—though it often requires higher minimums and can have different fee and liquidity implications.
beneficial owner regulatory
"the reporting person may be deemed the beneficial owner of the shares directly owned by Hestia Capital and shares held in the SMAs."
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
pecuniary interest financial
"The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein."
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
FAQ
What insider transactions did Pitney Bowes (PBI) report for Kurt James Wolf?
Pitney Bowes reported that entities associated with President & CEO Kurt James Wolf sold 243,938 shares of common stock on May 27, 2026. The sales were executed in open-market transactions at a weighted average price of $15.674 per share.
What does the weighted average price disclosure mean in the Pitney Bowes Form 4?
The filing notes that the reported $15.674 sale price is a weighted average for multiple trades executed between $15.61 and $15.81. It also states that full price-by-trade details are available to the issuer, shareholders, or SEC staff upon request.
AI-generated analysis. How Rhea-AI works. Not financial advice.
