WALKER WAYNE REMELL 4

What Happened

• Walker Wayne Remell, a director of Pitney Bowes Inc. (PBI), was granted a total of 24,691 restricted stock units (RSUs) on May 12, 2026 (6,532 RSUs + 18,159 RSUs). Each unit is a contingent right to receive one share of Pitney Bowes common stock. The grants were reported as derivative awards with an acquisition price of $0, so no cash was paid by the insider.

Key Details

• Transaction date: May 12, 2026; Form 4 filed May 14, 2026 (timely filing).
• Grant type/code: A (award/grant); reported as derivative instruments (RSUs).
• Shares/units granted: 6,532 RSUs and 18,159 RSUs — total 24,691 RSUs.
• Price/value reported: $0 per unit (grant at no cash purchase); immediate market value not provided in filing.
• Vesting: These RSUs cliff-vest after one year (footnote indicates 1-year cliff vesting).
• Shares owned after transaction: Not specified in the Form 4 filing.

Context

• RSUs are a deferred compensation award; they convert to shares only upon vesting and do not represent immediately tradeable common stock. Grants to directors are common and reflect compensation rather than open-market buying or selling; they are not direct indicators of near-term trading intent.