[Form 4] Pitney Bowes Inc. Insider Trading Activity

Rhea-AI Filing Summary

Pitney Bowes insider grant: Paul J. Evans, EVP, CFO and Treasurer of Pitney Bowes Inc. (PBI), was reported as acquiring 22,065 restricted stock units (RSUs) on 08/13/2025. Each unit represents a contingent right to one share of common stock and the units are shown as having a $0.00 price because they are restricted awards rather than open-market purchases.

The RSUs vest in three equal annual installments beginning on the grant anniversary, with the first vesting on August 13, 2026. Following the reported transaction Mr. Evans beneficially owns 22,065 shares as direct ownership. The Form 4 was submitted and signed by an attorney-in-fact on 08/15/2025.

Positive

• 22,065 RSUs granted aligns the CFO's compensation with long-term shareholder value
• Three-year vesting promotes retention by spreading realization over multiple years
• Clear reporting including transaction date, vesting terms, and post-transaction ownership

Negative

• None.

Insights

Financial Analyst

TL;DR: A routine executive equity grant of 22,065 RSUs ties the CFO to multi-year performance without immediate dilution from open-market trades.

The grant is a non-cash, restricted stock unit award that vests over three years, which is a common structure to retain and incentivize senior management. It increases the reporting officer’s alignment with shareholders by creating future equity upside if the stock performs, but it does not reflect cash compensation or market purchases. For investors, this is a standard compensation disclosure and is not, by itself, a material operational change.

Corporate Governance Expert

TL;DR: Standard time-based RSU award for an executive; reflects retention and alignment policy rather than a governance red flag.

The Form 4 shows a conventional three-year vesting schedule for RSUs granted to a named executive officer. The reporting is complete with transaction date, number of units, vesting schedule, and post-transaction beneficial ownership. There are no indicated sales, option exercises, or plan-specific atypical terms disclosed here that would raise governance concerns.

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
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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^*

EVANS PAUL J.

(Last) (First) (Middle)

3001 SUMMER ST.

(Street)

STAMFORD CT 06926

(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, CFO and Treasurer

3. Date of Earliest Transaction (Month/Day/Year)
08/13/2025

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

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)	08/13/2025		A		22,065		(2)	(2)	Common Stock	22,065	$0.00	22,065	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 annual installments beginning on the anniversary date of the grant, with the first vesting on August 13, 2026.

Remarks:

	/s/ Elisabeth Weinberg, as attorney-in-fact for Paul J. Evans	08/15/2025
	** 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.

FAQ

What did Paul J. Evans acquire according to the Form 4 for PBI?

He was granted 22,065 restricted stock units (RSUs), each representing a contingent right to one share of Pitney Bowes common stock.

When was the transaction dated on the Form 4 for PBI insider Paul J. Evans?

The transaction date is 08/13/2025 and the Form 4 was filed/signed on 08/15/2025.

What are the vesting terms for the RSUs granted to Paul J. Evans?

The RSUs vest in three equal annual installments beginning on the grant anniversary, with the first vesting on August 13, 2026.

How many shares does Paul J. Evans beneficially own after the reported transaction?

Following the reported grant he beneficially owns 22,065 shares as direct ownership.

Does the Form 4 show a purchase price for the RSUs?

The reported price is listed as $0.00, reflecting that these are restricted equity awards rather than market purchases.