Pitney Bowes (PBI) Director Wayne Remell Exercises RSUs (5,601)

What Happened

• Wayne Remell, a director of Pitney Bowes Inc. (PBI), had 5,601 derivative units convert to common shares on 2026-09-22 (transaction code M). The filing shows 5,601 shares acquired at $0.00 and 5,601 shares disposed at $0.00. No purchase price or cash value is reported in the transaction lines.

Key Details

• Transaction date: 2026-09-22; Form filed: 2026-09-23 (timely filing).
• Reported transactions: 5,601 shares acquired (conversion/exercise, code M) at $0.00; 5,601 shares disposed (derivative) at $0.00.
• Shares owned after the transaction: not specified in the provided data.
• Footnotes: F1 — each unit is a contingent right to one share; F2 — these were Restricted Stock Units (RSUs) granted to non-employee directors on 2025-09-22 and cliff-vested on 2026-09-22.
• No 10b5-1 plan, late filing flag, or tax-withholding line explicitly shown in the provided transaction lines.

Context

• Transaction code M denotes an exercise or conversion of a derivative (here, RSUs converting into common shares). The matching acquisition and disposition of the same number of shares is a common outcome when vested RSUs convert to shares and some or all are immediately withheld or sold to cover taxes or are net-settled; the filing itself does not state the reason. This activity is routine for vested director awards and does not by itself indicate directional insider sentiment.