Pitney Bowes Director Converts Units Into 5,601 Shares
The director held 5,601 common shares directly after the conversion, while the reported restricted stock unit position was zero.
Rhea-AI Filing Summary
PITNEY BOWES INC director Wayne Remell converted 5,601 restricted stock units into 5,601 shares of common stock on September 22, 2026. Each unit represented a contingent right to receive one common share; the units were granted to non-employee directors on September 22, 2025, and cliff vested according to schedule on September 22, 2026. After the transaction, he directly held 5,601 common shares, and his reported restricted stock unit position was zero.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,601 shares exercised/converted
Exercise
2 txns
Insider
WALKER WAYNE REMELL
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Unit F1, F2 | 5,601 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,601 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Unit — 0 contracts (Direct);
Common Stock — 5,601 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 September 22, 2025 cliff vested according to schedule on September 22, 2026.
Key Figures
Restricted stock units converted: 5,601 units
Common shares acquired: 5,601 shares
Common shares held after transaction: 5,601 shares
+1 more
4 metrics
Restricted stock units converted
5,601 units
September 22, 2026
Common shares acquired
5,601 shares
September 22, 2026
Common shares held after transaction
5,601 shares
Direct holdings following the September 22, 2026 transaction
Restricted stock units following transaction
0 units
Reported position following the September 22, 2026 transaction
Key Terms
Restricted Stock Units, cliff vested, contingent right
3 terms
Restricted Stock Units financial
"Restricted Stock Units granted to non-employee directors"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
cliff vested financial
"cliff vested according to schedule on September 22, 2026"
contingent right financial
"a contingent right to receive one share"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
When did PBI's restricted stock units vest?
The units granted to non-employee directors on September 22, 2025, cliff vested according to schedule on September 22, 2026. Each unit represented a contingent right to receive one share of Pitney Bowes common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.