Pitney Bowes CEO-linked entities sell 199K shares
Entities associated with Pitney Bowes’ CEO reported pre-planned sales totaling 199,258 shares under a Rule 10b5-1 trading plan.
Rhea-AI Filing Summary
Pitney Bowes Inc. (PBI) reported that entities associated with President & CEO and director Kurt James Wolf sold Pitney Bowes common stock in mid-September 2026. On September 15–17, 2026, Hestia Capital Partners, LP and certain separately managed accounts sold an aggregate 199,258 shares in open-market or private transactions at weighted average prices around $17.31–$17.46 per share. These transactions were effected under a Rule 10b5-1 trading plan adopted by Wolf on November 10, 2025 during an open trading window. Following these transactions, Wolf directly owns 1,611,438 shares of Pitney Bowes common stock, which includes 381.973785 shares acquired through the company’s dividend reinvestment plan through September 17, 2026. As managing member of the entities involved, Wolf may be deemed the beneficial owner of the indirectly held shares and disclaims beneficial ownership except to the extent of his pecuniary interest.
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Insider Trade Summary 10b5-1
Net Seller: 199,258 shares
Net Sell
7 txns
Insider
Wolf Kurt James
Role
President & CEO
Sold
199,258 shs ($3.46M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock F1, F4, F3 | 21,737 | $17.43 | $379K |
| Sale | Common Stock F1, F4, F3 | 2,150 | $17.43 | $37K |
| Sale | Common Stock F1, F4, F3 | 23,088 | $17.429 | $402K |
| Sale | Common Stock F1, F4, F3 | 2,283 | $17.429 | $40K |
| Sale | Common Stock F1, F2, F3 | 136,500 | $17.312 | $2.36M |
| Sale | Common Stock F1, F2, F3 | 13,500 | $17.312 | $234K |
| holding | Common Stock F5 | -- | -- | -- |
Holdings After Transaction:
Common Stock — 1,019,691 shares (Indirect, By Hestia Capital Partners, LP);
Common Stock — 104,821 shares (Indirect, By Separately Managed Accounts);
Common Stock — 1,611,438 shares (Direct)
Footnotes (5)
- 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 $17.205 to $17.455, 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.
- F4. The price reported here is a weighted average price. This transaction was executed in multiple transactions at prices ranging from $17.42 to $17.46, 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.
- F5. Includes the acquisition of 381.973785 shares through the Company's dividend reinvestment plan through September 17, 2026.
Key Figures
Common shares sold: 199,258 shares
Sale price range (September 15, 2026): $17.205–$17.455 per share
Sale price range (September 16–17, 2026): $17.42–$17.46 per share
+4 more
7 metrics
Common shares sold
199,258 shares
Aggregate Pitney Bowes common stock sold indirectly by associated entities on September 15–17, 2026
Sale price range (September 15, 2026)
$17.205–$17.455 per share
Weighted average price disclosure for transactions on September 15, 2026
Sale price range (September 16–17, 2026)
$17.42–$17.46 per share
Weighted average price disclosure for transactions on September 16–17, 2026
Representative sale price
$17.43 per share
Price shown for several common stock sale entries
Direct common shares held after transactions
1,611,438 shares
Direct Pitney Bowes common stock holdings of Kurt James Wolf as of September 15, 2026
Dividend reinvestment plan shares
381.973785 shares
Shares acquired through Pitney Bowes’ dividend reinvestment plan through September 17, 2026
Rule 10b5-1 plan adoption date
November 10, 2025
Date the reporting person adopted the trading plan governing these transactions
Key Terms
Rule 10b5-1 trading plan, weighted average price, dividend reinvestment plan, beneficial owner
4 terms
Rule 10b5-1 trading plan regulatory
"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."
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.
dividend reinvestment plan financial
"Includes the acquisition of 381.973785 shares through the Company's dividend reinvestment plan"
A dividend reinvestment plan lets shareholders automatically use cash dividends to buy more shares of the same company instead of receiving the money. It matters to investors because it turns regular payouts into a steady way to grow ownership and take advantage of compound returns—like having your savings automatically buy additional slices of a pie over time—while often reducing transaction costs and smoothing purchase timing.
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.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did PBI President & CEO Kurt James Wolf report in this Form 4?
Wolf reported that entities associated with him, including Hestia Capital Partners, LP and certain separately managed accounts, sold 199,258 shares of Pitney Bowes common stock in open-market or private transactions on September 15–17, 2026.
Did this Form 4 include any derivative security exercises for PBI?
The narrative footnote refers to stock option exercises and broker-assisted sales under the trading plan, but the reported line items in this Form 4 describe sales of common stock, with no separate derivative security positions listed in the summary of holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
