Pitney Bowes (PBI) director Peter C. Brimm converts 6,922 RSUs into stock
Rhea-AI Filing Summary
Pitney Bowes director Peter C. Brimm reported a vesting and conversion of equity awards on August 6, 2026. 6,922 Restricted Stock Units, each representing a contingent right to one common share, were exercised, reducing his RSU balance to 24,691 units and increasing his directly held common stock to 23,422 shares. These RSUs were granted on August 6, 2025 to non-employee directors and cliff vested according to schedule on August 6, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 6,922 shares
Net Buy
2 txns
Insider
Brimm Peter C
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1, F2 | 6,922 | $0.00 | $0.00 |
| Exercise | Common Stock | 6,922 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 24,691 shares (Direct);
Common Stock — 23,422 shares (Direct)
Footnotes (2)
- F1. Each unit represents a contingent right to receive one share of Pitney Bowes common stock.
- F2. Restricted Stock Units granted to non-employee directors on August 6, 2025 cliff vested according to schedule on August 6, 2026.
Key Figures
RSUs exercised: 6,922 units
RSUs held after transaction: 24,691 units
Common shares acquired: 6,922 shares
+2 more
5 metrics
RSUs exercised
6,922 units
Restricted Stock Units converted into common stock on August 6, 2026
RSUs held after transaction
24,691 units
Restricted Stock Units remaining after the August 6, 2026 exercise
Common shares acquired
6,922 shares
Common stock received upon RSU conversion on August 6, 2026
Common shares held after transaction
23,422 shares
Directly owned Pitney Bowes common stock following the reported transactions
RSU grant date
August 6, 2025
Grant date of Restricted Stock Units to non-employee directors
Key Terms
Restricted Stock Unit, contingent right, cliff vested
3 terms
Restricted Stock Unit financial
"Each unit represents a contingent right to receive one share of Pitney Bowes common stock."
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 vested financial
"Restricted Stock Units granted to non-employee directors on August 6, 2025 cliff vested according to schedule"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Pitney Bowes (PBI) director Peter C. Brimm report?
Peter C. Brimm reported the exercise of 6,922 Restricted Stock Units into an equal number of Pitney Bowes common shares on August 6, 2026, reflecting scheduled vesting of a prior equity grant to non-employee directors.
How many Restricted Stock Units did Peter C. Brimm exercise in this Pitney Bowes (PBI) Form 4?
He exercised 6,922 Restricted Stock Units, each converting into one share of Pitney Bowes common stock. This derivative transaction correspondingly reduced his RSU holdings while increasing his directly owned common shares by the same amount.
What are Peter C. Brimm’s RSU holdings in Pitney Bowes (PBI) after the reported Form 4 transactions?
After the transactions, Brimm holds 24,691 Restricted Stock Units. These units remain derivative equity awards that can convert into Pitney Bowes common stock in the future, subject to their respective vesting and other applicable terms.
What is Peter C. Brimm’s Pitney Bowes (PBI) common stock position after the Form 4 transactions?
Following the RSU conversion on August 6, 2026, Brimm directly owns 23,422 shares of Pitney Bowes common stock. These shares were acquired at a reported per-share transaction price of $0.00 as part of the RSU vesting event.
Were the Pitney Bowes (PBI) Form 4 transactions by Peter C. Brimm under a Rule 10b5-1 plan?
The filing indicates the Rule 10b5-1 checkbox is not marked, so these transactions are not identified as made pursuant to a Rule 10b5-1 trading plan. They reflect scheduled vesting and conversion of director Restricted Stock Units.
When did the Pitney Bowes (PBI) Restricted Stock Units granted to Peter C. Brimm vest?
Footnotes state the Restricted Stock Units were granted on August 6, 2025 to non-employee directors and cliff vested on August 6, 2026 according to their vesting schedule, triggering the reported conversion into common shares.