1,055,192 Pitney Bowes (PBI) shares sold by CEO-linked entities
Rhea-AI Filing Summary
Entities associated with Pitney Bowes President & CEO Kurt James Wolf reported open-market sales of 1,055,192 shares of common stock between July 30 and August 3, 2026, at weighted average prices of $17.53, $18.105, $18.217 and $18.962 per share.
The shares were held by Hestia Capital Partners, LP and certain separately managed accounts, for which Wolf may be deemed a beneficial owner but disclaims ownership beyond his pecuniary interest. These transactions were effected under a Rule 10b5-1 trading plan adopted on November 10, 2025 during the company’s open window period. He reports 1,132,581 shares of direct common stock ownership as of July 30, 2026.
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Insights
Analyzing...
Insider Trade Summary 10b5-1
Net Seller: 1,055,192 shares
Net Sell
9 txns
Insider
Wolf Kurt James
Role
President & CEO
Sold
1,055,192 shs ($19.04M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F6, F3 | 376,072 | $18.105 | $6.81M |
| Sale | Common Stock F1, F6, F3 | 37,194 | $18.105 | $673K |
| Sale | Common Stock F1, F5, F3 | 192,450 | $17.53 | $3.37M |
| Sale | Common Stock F1, F5, F3 | 19,033 | $17.53 | $334K |
| Sale | Common Stock F1, F2, F3 | 386,480 | $18.217 | $7.04M |
| Sale | Common Stock F1, F4, F3 | 5,223 | $18.962 | $99K |
| Sale | Common Stock F1, F2, F3 | 38,223 | $18.217 | $696K |
| Sale | Common Stock F1, F4, F3 | 517 | $18.962 | $10K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,703,124 shares (Indirect, By Hestia Capital Partners, LP);
Common Stock — 122,963 shares (Indirect, By Separately Managed Accounts);
Common Stock — 1,132,581 shares (Direct)
Footnotes (6)
- 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 $17.705 to $18.62, 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.
- F4. The price reported here is a weighted average price. This transaction was executed in multiple transactions at prices ranging from $18.7408 to $19.01, 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.
- F5. The price reported here is a weighted average price. This transaction was executed in multiple transactions at prices ranging from $17.42 to $17.965, 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.
- F6. The price reported here is a weighted average price. This transaction was executed in multiple transactions at prices ranging from $17.49 to $18.32, 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.
Key Figures
Shares sold: 1,055,192 shares
Weighted average sale price: $17.53 per share
Weighted average sale price: $18.105 per share
+3 more
6 metrics
Shares sold
1,055,192 shares
Aggregate common stock sales across eight transactions from July 30 to August 3, 2026
Weighted average sale price
$17.53 per share
Common stock sales reported on July 31, 2026, with trades between $17.42 and $17.965
Weighted average sale price
$18.105 per share
Common stock sales reported on August 3, 2026, with trades between $17.49 and $18.32
Weighted average sale price
$18.217 per share
Common stock sales reported on July 30, 2026, with trades between $17.705 and $18.62
Weighted average sale price
$18.962 per share
Additional July 30, 2026 sales with trades between $18.7408 and $19.01
Direct shares owned
1,132,581 shares
Direct holdings of Pitney Bowes common stock reported as of July 30, 2026
Key Terms
Rule 10b5-1 trading plan, weighted average price, separately managed accounts, beneficial owner
4 terms
Rule 10b5-1 trading plan regulatory
"transactions reported were effected pursuant to a Rule 10b5-1 trading plan adopted"
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.
weighted average price financial
"The price reported here is a weighted average price. This transaction was executed"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
separately managed accounts financial
"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"
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider stock transactions did Pitney Bowes (PBI) disclose for late July and early August 2026?
Pitney Bowes reported that entities associated with CEO Kurt James Wolf sold 1,055,192 shares of common stock in multiple open-market transactions between July 30 and August 3, 2026, at weighted average prices ranging from $17.53 to $18.962 per share.