Pitney Bowes SEC Filings

Brimm Peter C reported acquisition or exercise transactions in this Form 4 filing.

Pitney Bowes director Peter C. Brimm reported stock-based compensation rather than open-market trades. On May 12, 2026 he received two grants of Restricted Stock Units covering 18,159 and 6,532 units, each representing a contingent right to one share of Pitney Bowes common stock. The new RSUs will cliff vest after one year, meaning the entire awards vest at once if service conditions are met. Following these grants, Brimm directly holds 31,613 and 13,454 Restricted Stock Units in the respective award lines.

Rosenthal Brent D reported acquisition or exercise transactions in this Form 4 filing.

Pitney Bowes director Brent D. Rosenthal received two grants of Restricted Stock Units as equity compensation. On May 12, 2026, he was awarded 18,159 units and 6,532 units, each representing a contingent right to receive one share of Pitney Bowes common stock.

The Restricted Stock Units granted on that date will cliff vest after one year, meaning none of the units vest until the one-year mark is reached. These are compensation-related awards, not open-market share purchases or sales.

Hestia Capital and Kurtis J. Wolf report reduced ownership in Pitney Bowes, falling below the 5% threshold for major shareholders. As of an outstanding share count of 135,441,425 on April 24, 2026, Hestia Capital directly owns 5,638,798 shares, or about 4.2%.

Hestia Capital Management and related entities may be deemed to beneficially own up to 6,002,651 shares, while Mr. Wolf is deemed to beneficially own 6,297,055 shares, or about 4.6%. Hestia plans to distribute approximately 1.5 million shares to limited partners, including about 1.1 million shares to Mr. Wolf, and notes recent trades were executed under a Rule 10b5-1 trading plan.

Pitney Bowes Inc. reported insider sales of common stock by entities associated with President & CEO Kurt James Wolf. Over May 6–8, Hestia Capital Partners, LP and certain separately managed accounts sold an aggregate 1,952,946 shares in open‑market transactions at weighted average prices ranging from about $14.47 to $15.69. The filing notes these sales were executed under a Rule 10b5-1 trading plan adopted on November 10, 2025. After the reported sales, the filing shows indirect holdings including 5,638,798 shares through Hestia Capital Partners, LP and 363,853 shares in separately managed accounts, plus 64,695 shares held directly.

PBI notice of proposed sales of common stock by affiliated holders under Form 144, listing multiple historic open-market purchases and recent completed dispositions. The excerpt shows sales by Hestia Capital Partners LP of 136,500, 136,500, 145,863, and 36,326 common shares on specified dates in 2026 with corresponding proceeds.

PBI Form 144 filings report proposed or completed sales of Common stock by a selling holder. The excerpt lists sales by ECA FUND, LP: 13,500 shares on 02/23/2026 for $139,112.10, 13,500 on 03/11/2026 for $140,092.20, 14,426 on 04/01/2026 for $159,558.77, and 3,593 on 04/02/2026 for $40,015.24.

Pitney Bowes Inc. reported first‑quarter 2026 revenue of $477.4 million, down 3% from $493.4 million a year earlier, but sharply higher profitability. Net income rose to $58.1 million from $35.4 million, with diluted EPS increasing to $0.39 from $0.19.

SendTech Solutions revenue was roughly flat while Presort Services revenue fell 8% as mail volumes declined, pressuring that segment’s margins. Companywide adjusted segment EBIT edged up to $152.7 million. Operating cash flow improved to $44.2 million from a use of cash, helped by working capital. Total debt reached $2.14 billion, including an additional $150 million of 7.25% notes due 2029 and $346.7 million of notes due March 2027 now classified as current, alongside active share repurchases of about $135.6 million in the quarter.

Pitney Bowes reported a strong first quarter of 2026, delivering higher profits on slightly lower revenue and reaffirming upgraded full-year guidance. Revenue was $477 million, down 3% year over year, but GAAP earnings per share rose to $0.39 from $0.19 as cost controls and mix improvements boosted margins.

Adjusted EPS increased to $0.47 from $0.33 and GAAP net income grew to $58 million from $35 million. Adjusted EBIT rose to $130 million and free cash flow swung to a $44 million inflow from a $20 million outflow. SendTech Solutions posted modestly lower revenue but double-digit Adjusted EBIT growth, while Presort Services saw revenue and profit decline on lower mail volumes.

The company repurchased 17.2 million shares for $186 million year-to-date through May 1, 2026, bringing cumulative buybacks under the authorization to 53.1 million shares for $565 million. The quarterly dividend was raised from $0.09 to $0.10 per share, the fifth increase in six quarters. Management reaffirmed its improved 2026 outlook, guiding to $1.8–$1.86 billion in revenue, $425–$465 million of Adjusted EBIT, Adjusted EPS of $1.50–$1.65, and free cash flow of $345–$380 million.

Pitney Bowes President & CEO Kurt James Wolf reported routine equity compensation activity involving Restricted Stock Units. On May 1, 2026, 10,461 Restricted Stock Units converted into an equal number of Pitney Bowes common shares at a stated price of $0.00 per share, reflecting vesting of a prior grant.

Following this exercise, Wolf directly holds 64,695 shares of Pitney Bowes common stock. The filing also lists indirect holdings of 539,618 shares in separately managed accounts and 7,415,979 shares held by Hestia Capital Partners, LP. According to the disclosure, Wolf is managing member of entities associated with these positions and may be deemed a beneficial owner, but he disclaims beneficial ownership except to the extent of his pecuniary interest.