Pitney Bowes (NYSE: PBI) CEO tied entities sell 1,952,946 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Pitney Bowes Inc. reported insider sales of common stock by entities associated with President & CEO Kurt James Wolf. Over May 6–8, Hestia Capital Partners, LP and certain separately managed accounts sold an aggregate 1,952,946 shares in open‑market transactions at weighted average prices ranging from about $14.47 to $15.69. The filing notes these sales were executed under a Rule 10b5-1 trading plan adopted on November 10, 2025. After the reported sales, the filing shows indirect holdings including 5,638,798 shares through Hestia Capital Partners, LP and 363,853 shares in separately managed accounts, plus 64,695 shares held directly.
Positive
- None.
Negative
- None.
Insights
Entities tied to Pitney Bowes’ CEO executed pre-planned net sales but still show large remaining holdings.
Entities associated with Kurt James Wolf, including Hestia Capital Partners, LP and certain separately managed accounts, sold 1,952,946 shares of Pitney Bowes common stock in open‑market trades over May 6–8. Sale prices ranged from about $14.47 to $15.69 per share.
The filing states these transactions were executed pursuant to a Rule 10b5-1 trading plan adopted on November 10, 2025, indicating they were pre-arranged rather than opportunistic. There is no derivative activity reported, and one line simply updates direct holdings.
Despite the net‑sell pattern, the filing still shows substantial indirect ownership, including 5,638,798 shares via Hestia Capital Partners, LP and 363,853 shares held in separately managed accounts, plus 64,695 shares directly. Subsequent company filings may give more context on how these holdings evolve over future reporting periods.
Insider Trade Summary 10b5-1
Net Seller: 1,952,946 shares ($29,509,312)
Net Sell
9 txns
Insider
Wolf Kurt James
Role
President & CEO
Sold
1,952,946 shs ($29.51M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 354,136 | $15.686 | $5.55M |
| Sale | Common Stock | 35,025 | $15.686 | $549K |
| Sale | Common Stock | 543,474 | $15.594 | $8.47M |
| Sale | Common Stock | 53,750 | $15.594 | $838K |
| Sale | Common Stock | 706,681 | $14.473 | $10.23M |
| Sale | Common Stock | 69,891 | $14.473 | $1.01M |
| Sale | Common Stock | 172,890 | $15.014 | $2.60M |
| Sale | Common Stock | 17,099 | $15.014 | $257K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,638,798 shares (Indirect, By Hestia Capital Partners, LP);
Common Stock — 64,695 shares (Direct, null)
Footnotes (1)
- 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"). This transaction was executed in multiple trades at prices ranging from $13.90 to $14.895. The price reported above reflects the weighted average price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected. 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. The price reported here is a weighted average price. This transaction was executed in multiple transactions at prices ranging from $14.90 to $15.07, 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. The price reported here is a weighted average price. This transaction was executed in multiple transactions at prices ranging from $14.95 to $15.79, 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. The price reported here is a weighted average price. This transaction was executed in multiple transactions at prices ranging from $15.53 to $15.93, 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
Total shares sold: 1,952,946 shares
Price range May 6 sales (SMAs and Hestia): $14.473 per share
Price range May 7 sales (SMAs and Hestia): $15.594 per share
+4 more
7 metrics
Total shares sold
1,952,946 shares
Aggregate open-market sales across May 6–8
Price range May 6 sales (SMAs and Hestia)
$14.473 per share
Weighted average price for May 6 sale entries
Price range May 7 sales (SMAs and Hestia)
$15.594 per share
Weighted average price for May 7 sale entries
Price range May 8 sales (SMAs and Hestia)
$15.686 per share
Weighted average price for May 8 sale entries
Indirect holdings via Hestia Capital Partners, LP
5,638,798 shares
Total shares following May 8 Hestia transaction
Indirect holdings via separately managed accounts
363,853 shares
Total shares following May 8 SMA transaction
Direct holdings
64,695 shares
Directly held common stock as of May 6 holding line
Key Terms
Rule 10b5-1 trading plan, Separately Managed Accounts, beneficial owner, weighted average price, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"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
"shares held in the SMAs. The reporting person disclaims beneficial ownership"
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.
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.
open market or private transaction financial
"transaction code description: Sale in open market or private transaction"
FAQ
What insider transactions did Pitney Bowes (PBI) disclose for Kurt James Wolf?
Pitney Bowes disclosed that entities associated with President & CEO Kurt James Wolf sold a total of 1,952,946 common shares between May 6–8 in open‑market transactions, through Hestia Capital Partners, LP and certain separately managed accounts, at weighted average prices around the mid‑teens per share.
What is the net effect of the latest insider trades reported for Pitney Bowes (PBI)?
The transaction summary shows a net-sell of 1,952,946 shares of Pitney Bowes common stock across eight open‑market sale entries. There were no reported option exercises, gifts, or tax‑withholding dispositions, and one additional line simply updates a direct holding balance.