Director at Pitney Bowes (NYSE: PBI) awarded new RSU grants

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

WALKER WAYNE REMELL reported acquisition or exercise transactions in this Form 4 filing.

Pitney Bowes director Wayne Remell Walker reported stock-based compensation awards. On May 12, 2026, he received two grants of Restricted Stock Units (RSUs) covering 18,159 and 6,532 units at no cash cost.

Each RSU represents a contingent right to receive one share of Pitney Bowes common stock. The RSUs granted on May 12, 2026 will cliff vest after one year, meaning the full awards vest at once rather than gradually. After these grants, the reported RSU holdings tied to the respective awards increased to 30,292 units and 12,133 units.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider WALKER WAYNE REMELL

Role null

Type	Security	Shares	Price	Value
Grant/Award	Restricted Stock Unit	6,532	$0.00	--
Grant/Award	Restricted Stock Unit	18,159	$0.00	--

Holdings After Transaction: Restricted Stock Unit — 12,133 shares (Direct, null)

Footnotes (1)

Each unit represents a contingent right to receive one share of Pitney Bowes common stock. The Restricted Stock Units granted May 12, 2026 will cliff vest after one year.

Key Figures

RSU grant 1: 18,159 units RSU grant 2: 6,532 units RSUs after grant 1: 30,292 units +2 more

5 metrics

RSU grant 1 18,159 units Restricted Stock Units granted May 12, 2026

RSU grant 2 6,532 units Restricted Stock Units granted May 12, 2026

RSUs after grant 1 30,292 units Total RSUs following larger grant line

RSUs after grant 2 12,133 units Total RSUs following smaller grant line

Grant price per unit $0.00 Non-cash RSU awards, compensation grant

Key Terms

Restricted Stock Unit, contingent right, cliff vest

3 terms

Restricted Stock Unit financial

"He received two grants of Restricted Stock Units (RSUs) covering 18,159 and 6,532 units"

A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.

contingent right financial

"Each RSU represents a contingent right to receive one share of Pitney Bowes common stock"

cliff vest financial

"The RSUs granted on May 12, 2026 will cliff vest after one year"

A cliff vest is a schedule for stock options or restricted shares where no ownership rights are earned until a fixed date, after which a set portion becomes fully owned all at once — like a probation period that suddenly unlocks pay. Investors watch cliff vests because they influence when insiders can sell shares, affect staff retention and dilution timing, and help predict short-term changes in a company’s shareholder makeup.

Form 4 Insider Transactions: What Each Field Means →

05/14/2026 - 03:04 PM

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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^*

WALKER WAYNE REMELL

(Last)

(First)

(Middle)

27 WATERVIEW DRIVE

(Street)

SHELTON

CONNECTICUT

06484

(City)

(State)

(Zip)

UNITED STATES

(Country)

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

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

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/12/2026

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

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

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	⁽¹⁾	05/12/2026		A		6,532		⁽²⁾	⁽²⁾	Common Stock	6,532	$0.00	12,133	D
Restricted Stock Unit	⁽¹⁾	05/12/2026		A		18,159		⁽²⁾	⁽²⁾	Common Stock	18,159	$0.00	30,292	D

Explanation of Responses:

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

2. The Restricted Stock Units granted May 12, 2026 will cliff vest after one year.

Remarks:

	/s/ Elisabeth Weinberg, attorney-in-fact for Wayne Remell Walker	05/14/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What did Pitney Bowes (PBI) director Wayne Remell Walker report in this Form 4?

Wayne Remell Walker reported receiving two grants of Restricted Stock Units as equity compensation. These derivative awards give him rights to Pitney Bowes common shares, increasing his reported stock-based holdings without any open-market share purchases or sales.

How many Restricted Stock Units did the Pitney Bowes director receive?

He received two Restricted Stock Unit grants: one covering 18,159 units and another covering 6,532 units. Each unit corresponds to a right to receive one share of Pitney Bowes common stock, subject to the applicable vesting conditions described in the filing.

What does each Restricted Stock Unit represent for Pitney Bowes (PBI)?

Each Restricted Stock Unit represents a contingent right to receive one share of Pitney Bowes common stock. The units do not deliver shares immediately; shares are issued if and when vesting conditions, such as time-based service requirements, are satisfied in the future.

When do Wayne Remell Walker’s new Pitney Bowes RSU grants vest?

The RSUs granted on May 12, 2026 will cliff vest after one year. Cliff vesting means the entire award vests at once on the one-year anniversary date, rather than vesting in smaller portions over multiple vesting dates.

Did the Pitney Bowes director buy or sell common stock in the market?

The filing shows no open-market purchases or sales of common stock. Instead, it reports equity compensation grants coded as awards, which are non-cash acquisitions of Restricted Stock Units that may convert into shares upon vesting.

How many RSUs does the Pitney Bowes director hold after these transactions?

Following these transactions, the reported RSU holdings for the respective awards increased to 30,292 units for the larger grant line and 12,133 units for the smaller line. These figures reflect derivative positions, not currently owned common stock, pending future vesting.