Director Catherine Levene receives new RSU grants at Pitney Bowes (PBI)

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Levene Catherine reported acquisition or exercise transactions in this Form 4 filing.

Pitney Bowes director Catherine Levene received new equity awards in the form of Restricted Stock Units. On May 12, 2026 she was granted 18,159 RSUs and a separate grant of 6,532 RSUs, each representing a contingent right to one share of common stock. After the larger grant, her reported RSU holdings totaled 24,691 units, and the grants will cliff vest after one year as part of her compensation, not an open-market purchase.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Levene Catherine

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 — 6,532 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 Holdings after larger grant: 24,691 units +2 more

5 metrics

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

RSU grant 2 6,532 units Second RSU grant on May 12, 2026

Holdings after larger grant 24,691 units Total RSUs reported following first transaction

RSU price $0.0000 per unit Indicates compensation grant, not purchase

Vesting schedule One-year cliff vest RSUs granted May 12, 2026

Key Terms

Restricted Stock Unit, contingent right, cliff vest, Form 4

4 terms

Restricted Stock Unit financial

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

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

cliff vest financial

"The Restricted Stock Units granted 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 regulatory

"Pitney Bowes reported that director Catherine Levene received two grants of Restricted Stock Units on May 12, 2026."

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

05/14/2026 - 03:25 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^*

Levene Catherine

(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	6,532	D
Restricted Stock Unit	⁽¹⁾	05/12/2026		A		18,159		⁽²⁾	⁽²⁾	Common Stock	18,159	$0.00	24,691	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, as attorney-in-fact for Catherine Levene	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 insider transaction did Pitney Bowes (PBI) report for Catherine Levene?

Pitney Bowes reported that director Catherine Levene received two grants of Restricted Stock Units on May 12, 2026. These equity awards are compensation and not open-market share purchases or sales, and each unit can convert into one share of common stock.

How many Restricted Stock Units did Catherine Levene receive from Pitney Bowes (PBI)?

Catherine Levene received two RSU awards: 18,159 units in one grant and 6,532 units in another. Each Restricted Stock Unit represents a right to receive one share of Pitney Bowes common stock when it vests, increasing her equity-based compensation.

When do Catherine Levene’s new Pitney Bowes (PBI) RSUs vest?

The Restricted Stock Units granted to Catherine Levene on May 12, 2026 will cliff vest after one year. Cliff vesting means the entire award vests at a single point in time, rather than gradually, provided applicable service or other conditions are satisfied.

Are Catherine Levene’s Pitney Bowes (PBI) RSU grants open-market stock purchases?

No, these transactions are not open-market stock purchases. The Form 4 shows code “A” grants of Restricted Stock Units as compensation, with a price per unit of $0.0000, indicating awards rather than shares bought or sold in the market.

How many Pitney Bowes (PBI) RSUs does Catherine Levene hold after the grants?

Following the 18,159-unit award, Catherine Levene’s reported holdings for that RSU line totaled 24,691 units. A separate 6,532-unit grant is also reported, giving her multiple RSU positions that may convert to common stock upon vesting.

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

Each Restricted Stock Unit granted to Catherine Levene represents a contingent right to receive one share of Pitney Bowes common stock. The rights become actual shares only when the RSUs vest under the terms of the company’s equity compensation plan.