[Form 4] PITNEY BOWES INC /DE/ Insider Trading Activity

Rhea-AI Filing Summary

Todd A. Everett, EVP and President of SendTech at Pitney Bowes (PBI), received accelerated vesting of Restricted Stock Units that converted into common stock on 09/19/2025. The filing shows two accelerated vesting events: 26,008 RSUs (granted 11/21/2024) and 10,461 RSUs (granted 05/13/2025), each representing a contingent right to one share. The transactions were coded M and reported as acquisitions with $0.00 price, reflecting vesting rather than open-market purchases. Following the reported transactions, the filing lists beneficial ownership figures of 110,587 and 121,048 shares in the non-derivative table and shows the corresponding derivative-to-common stock conversions in Table II. The vesting acceleration was effected in connection with actions disclosed by the issuer on 09/12/2025.

Positive

• Accelerated vesting converted 26,008 and 10,461 RSUs into common stock, increasing insider alignment with shareholders
• Transactions reported as $0.00, indicating settlement of compensation awards rather than open-market cash purchases

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Insider received accelerated RSU vesting; a governance-related compensation event with limited immediate market impact.

This Form 4 documents acceleration of two RSU grants for an executive, converting 26,008 and 10,461 contingent units into common stock on 09/19/2025. The transactions are coded as acquisitions resulting from vesting and reported at $0.00, consistent with typical equity compensation settlement. The filing explicitly ties the acceleration to issuer actions disclosed on 09/12/2025. For governance review, key points are the size of the grants relative to the executive's reported holdings and whether the acceleration followed established plan terms or was a discretionary change; the Form 4 does not provide plan documents or rationale beyond linkage to the issuer filing, so further disclosure would be needed to evaluate board justification.

Securities Analyst

TL;DR: Executive ownership increased by aggregate 36,469 shares via accelerated RSU vesting; transaction appears administrative, not cash purchase.

The report shows two RSU grants that cliff-vested originally after one year but were accelerated on 09/19/2025, converting to common stock at a one-for-one ratio. Transactions are reported with price $0.00, indicating settlement of vested awards rather than market purchases. The filing provides post-transaction beneficial ownership snapshots of 110,587 and 121,048 shares in the non-derivative table lines. This is a routine executive equity settlement in form and magnitude as disclosed; the filing does not disclose any sale or disposition of the shares following vesting.

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

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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^*

Everett Todd A.

(Last) (First) (Middle)

3001 SUMMER STREET

(Street)

STAMFORD CT 06926

(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)
	EVP and President of SendTech

3. Date of Earliest Transaction (Month/Day/Year)
09/19/2025

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	09/19/2025		M		26,008	A	$0.00	110,587	D
Common Stock	09/19/2025		M		10,461	A	$0.00	121,048	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)	09/19/2025		M			26,008	(2)	(2)	Common Stock	26,008	$0.00	10,461	D
Restricted Stock Unit	(1)	09/19/2025		M			10,461	(3)	(3)	Common Stock	10,461	$0.00	0.00	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 were granted on November 21, 2024 and were scheduled to cliff vest after one year. The vesting was accelerated on September 19, 2025 in connection with the actions detailed in the Form 8-K filed by the Issuer on September 12, 2025.

3. The Restricted Stock Units were granted on May 13, 2025 and were scheduled to cliff vest after one year. The vesting was accelerated on September 19, 2025 in connection with the actions detailed in the Form 8-K filed by the Issuer on September 12, 2025.

Remarks:

	/s/ Elisabeth Weinberg, as attorney-in-fact for Todd A. Everett	09/23/2025
	** 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).
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FAQ

What did Todd A. Everett report on the Form 4 for PBI?

The Form 4 reports accelerated vesting and conversion of 26,008 RSUs (granted 11/21/2024) and 10,461 RSUs (granted 05/13/2025) into common stock on 09/19/2025.

How many shares did the accelerated vesting produce in total?

The filing shows conversion of a total of 36,469 RSUs into common stock (26,008 + 10,461).

Was any cash paid for these shares according to the filing?

No. The transactions are reported with a price of $0.00, reflecting settlement of vested awards rather than cash purchases.

Why were the RSUs accelerated?

The filing states the vesting was accelerated on 09/19/2025 in connection with actions detailed in the issuer's disclosure filed on 09/12/2025; no additional rationale is provided in this Form 4.

What are the reported beneficial ownership levels after the transactions?

The non-derivative table lists beneficial ownership figures of 110,587 and 121,048 shares on the reported lines following the transactions.