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Pitney Bowes (PBI) EVP converts RSUs, uses 3,652 shares for tax withholding

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Pitney Bowes executive Lauren Freemen-Bosworth exercised equity awards and had shares withheld for taxes. On February 24, she converted 7,880 restricted stock units into 7,880 shares of common stock at no cost, increasing her direct common stock holdings to 31,755 shares.

On the same date, 3,652 common shares were disposed of at $10.56 per share to satisfy tax withholding obligations, leaving her with 28,103 common shares held directly. The restricted stock units represent contingent rights to receive one share of Pitney Bowes common stock per unit and vest in three equal installments through February 23, 2027.

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Insider Freemen-Bosworth Lauren
Role EVP/Gen Counsel & Corp Sec
Type Security Shares Price Value
Exercise Restricted Stock Unit 7,880 $0.00 --
Exercise Common Stock 7,880 $0.00 --
Tax Withholding Common Stock 3,652 $10.56 $39K
Holdings After Transaction: Restricted Stock Unit — 7,881 shares (Direct); Common Stock — 31,755 shares (Direct)
Footnotes (1)
  1. Each unit represents a contingent right to receive one share of Pitney Bowes common stock. Vests in three (3) equal installments on April 18, 2025; February 24, 2026; and February 23, 2027.
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Form 4 Insider Transactions: What Each Field Means →
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*
Freemen-Bosworth Lauren
(Last) (First) (Middle)
27 WATERVIEW DRIVE
(Street)
SHELTON CT 06484
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PITNEY BOWES INC /DE/ [ PBI ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
EVP/Gen Counsel & Corp Sec
3. Date of Earliest Transaction (Month/Day/Year)
02/24/2026
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
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)
Code V Amount (A) or (D) Price
Common Stock 02/24/2026 M 7,880 A $0.00 31,755 D
Common Stock 02/24/2026 F 3,652 D $10.56 28,103 D
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Unit (1) 02/24/2026 M 7,880 (2) (2) Common Stock 7,880 $0.00 7,881 D
Explanation of Responses:
1. Each unit represents a contingent right to receive one share of Pitney Bowes common stock.
2. Vests in three (3) equal installments on April 18, 2025; February 24, 2026; and February 23, 2027.
Remarks:
Elisabeth Weinberg, as attorney in fact for Lauren Freeman-Bosworth 02/26/2026
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Pitney Bowes (PBI) executive Lauren Freemen-Bosworth report?

Lauren Freemen-Bosworth reported exercising 7,880 restricted stock units into 7,880 common shares and a related disposition of 3,652 common shares used to cover tax obligations, all dated February 24. These transactions changed her direct common stock holdings, as detailed in the filing.

How many Pitney Bowes (PBI) shares does Lauren Freemen-Bosworth hold after this Form 4?

After these transactions, Lauren Freemen-Bosworth directly holds 28,103 shares of Pitney Bowes common stock. Her total rose to 31,755 shares after the RSU conversion before shares were disposed of to satisfy tax withholding obligations on February 24.

What type of equity awards did the Pitney Bowes (PBI) executive exercise in this Form 4?

The executive exercised 7,880 restricted stock units, each representing a contingent right to receive one Pitney Bowes common share. These units convert into common stock, with vesting scheduled in three equal installments across April 18, 2025, February 24, 2026, and February 23, 2027.

Was the share disposition by the Pitney Bowes (PBI) executive an open-market sale?

The filing labels the 3,652-share disposition as a tax-withholding transaction, coded “F,” meaning shares were delivered to cover exercise price or tax liability. This differs from a discretionary open-market sale and is tied directly to the equity award exercise.

At what price were Pitney Bowes (PBI) shares disposed of for taxes in this Form 4?

The 3,652 common shares used to satisfy tax withholding obligations were valued at $10.56 per share. This tax-related disposition followed the conversion of 7,880 restricted stock units into common stock on February 24, according to the reported transaction details.

How do the restricted stock units for the Pitney Bowes (PBI) executive vest over time?

The restricted stock units vest in three equal installments: April 18, 2025, February 24, 2026, and February 23, 2027. Each vested unit converts into one share of Pitney Bowes common stock, providing the executive with a staggered equity delivery schedule.