Pitney Bowes (NYSE: PBI) CEO sells shares under 10b5-1 plan
Rhea-AI Filing Summary
PITNEY BOWES INC (PBI) reported that President & CEO Kurt James Wolf, through entities he manages, sold a total of 2,317 shares of common stock on August 27–28, 2026 at a weighted average price around $17.42 per share, in open‑market or private transactions executed under a Rule 10b5-1 trading plan adopted on November 10, 2025. After these transactions, he reported 1,611,056 shares of PBI common stock held directly.
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Insider Trade Summary 10b5-1
Net Seller: 2,317 shares
Net Sell
5 txns
Insider
Wolf Kurt James
Role
President & CEO
Sold
2,317 shs ($40K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F3 | 361 | $17.42 | $6K |
| Sale | Common Stock F1, F3 | 36 | $17.42 | $627.12 |
| Sale | Common Stock F1, F2, F3 | 1,747 | $17.42 | $30K |
| Sale | Common Stock F1, F2, F3 | 173 | $17.42 | $3K |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,201,016 shares (Indirect, By Hestia Capital Partners, LP);
Common Stock — 122,754 shares (Indirect, By Separately Managed Accounts);
Common Stock — 1,611,056 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 $17.42 to $17.425, 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: 2,317 shares of Common Stock
Weighted average sale price: $17.42 per share
Direct holdings after transaction: 1,611,056 shares of Common Stock
3 metrics
Shares sold
2,317 shares of Common Stock
Aggregate non-derivative sales on August 27–28, 2026 by entities associated with the reporting person
Weighted average sale price
$17.42 per share
Multiple transactions executed in a price range from $17.42 to $17.425 per share
Direct holdings after transaction
1,611,056 shares of Common Stock
Direct ownership reported as of August 27, 2026
Key Terms
Rule 10b5-1 trading plan, weighted average price, beneficial owner, pecuniary interest, +1 more
5 terms
Rule 10b5-1 trading plan regulatory
"transactions reported were effected pursuant to a Rule 10b5-1 trading plan"
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."
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.
beneficial owner regulatory
"the reporting person may be deemed the beneficial owner of the shares"
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.
pecuniary interest financial
"disclaims beneficial ownership of these securities except to the extent of his pecuniary interest"
separately managed accounts financial
"shares held in the SMAs (the SMAs). As the managing member"
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.
FAQ
What did PBI CEO Kurt James Wolf report in this Form 4?
He reported that entities associated with him sold a total of 2,317 shares of PITNEY BOWES INC (PBI) common stock on August 27–28, 2026 in open‑market or private transactions at a weighted average price around $17.42 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
