Rosenthal Brent D 4

What Happened

• Brent D. Rosenthal, a director of Pitney Bowes Inc. (PBI), was granted two awards on May 12, 2026 totaling 24,691 restricted stock units (RSUs) — 6,532 RSUs and 18,159 RSUs. The awards are recorded as derivative acquisitions at $0.00 (i.e., granted, not purchased).

Key Details

• Transaction date: May 12, 2026; Form 4 filed May 14, 2026 (timely filing).
• Award amounts: 6,532 RSUs and 18,159 RSUs, total 24,691 RSUs.
• Price: $0.00 per unit (grant of contingent rights, not a cash purchase).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnotes:
  • F1: Each unit is a contingent right to receive one share of Pitney Bowes common stock.
  • F2: The RSUs cliff-vest after one year (no partial vesting before that).
• Transaction code: "A" = Award/Grant (derivative grant), not an open-market buy or sale.

Context

• These RSUs are compensation-style awards that will convert to actual shares only if the vesting condition (one-year cliff) is met. Grants to directors are common as part of board compensation and are recorded as derivative awards until shares are issued.