Pitney Bowes (PBI) CEO-associated entities sell 40,476 shares under plan
Rhea-AI Filing Summary
Pitney Bowes President & CEO Kurt James Wolf reported indirect open-market sales of company common stock through investment entities he manages. Accounts labeled as Separately Managed Accounts sold 3,643 shares at a weighted average price of $15.622 per share, while Hestia Capital Partners, LP sold 36,833 shares at the same weighted average price.
Following these transactions, indirect holdings stood at 360,210 shares in the Separately Managed Accounts and 5,601,965 shares at Hestia Capital Partners, LP, alongside 64,695 shares held directly. The filing notes the transactions were effected under a pre-arranged Rule 10b5-1 trading plan and that prices ranged from $15.61 to $15.655.
Positive
- None.
Negative
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Insider Trade Summary 10b5-1
Net Seller: 40,476 shares
Net Sell
3 txns
Insider
Wolf Kurt James
Role
President & CEO
Sold
40,476 shs ($632K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 36,833 | $15.622 | $575K |
| Sale | Common Stock | 3,643 | $15.622 | $57K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 5,601,965 shares (Indirect, By Hestia Capital Partners, LP);
Common Stock — 360,210 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 $15.655, 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
Shares sold via SMAs: 3,643 shares
Shares sold via Hestia Capital: 36,833 shares
Total shares sold: 40,476 shares
+5 more
8 metrics
Shares sold via SMAs
3,643 shares
Common stock sold by Separately Managed Accounts on 2026-05-22
Shares sold via Hestia Capital
36,833 shares
Common stock sold by Hestia Capital Partners, LP on 2026-05-22
Total shares sold
40,476 shares
Net selling across indirect accounts, per transaction summary
Weighted average sale price
$15.622 per share
Weighted average price for the reported sales, with price range
Sale price range
$15.61–$15.655
Range of prices at which the transactions were executed
Direct holdings after transaction
64,695 shares
Direct common stock owned after 2026-05-22 entry
Indirect SMA holdings after transaction
360,210 shares
Indirectly owned via Separately Managed Accounts after sales
Indirect Hestia holdings after transaction
5,601,965 shares
Indirectly owned via Hestia Capital Partners, LP after sales
Key Terms
Rule 10b5-1 trading plan, weighted average price, Separately Managed Accounts, beneficial owner, +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.
weighted average price financial
"The price reported here is a weighted average price. This transaction was executed in multiple transactions at prices ranging from $15.61 to $15.655"
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
"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.
disclaims beneficial ownership regulatory
"The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Pitney Bowes (PBI) CEO Kurt James Wolf report in this Form 4?
He reported indirect open-market sales of Pitney Bowes common stock totaling 40,476 shares. The trades were executed through Hestia Capital Partners, LP and certain separately managed accounts, all associated with him as managing member and investment manager.