Pitney Bowes EVP Todd A. Everett Exercises Awards; 1,050 Shares Withheld

What Happened

• Todd A. Everett, EVP and President of SendTech at Pitney Bowes (PBI), had contingent units convert into 4,310 shares on 2026-09-26 (exercise/conversion of derivative). The exercise price was $0.00. To cover tax withholding, 1,050 of those shares were surrendered at $16.34 per share (reported value $17,162).

Key Details

• Transaction date: September 26, 2026; Form 4 filed September 29, 2026.
• Primary actions: two exercise/conversion entries for 4,310 units/shares (code M) and tax withholding surrender of 1,050 shares (code F).
• Exercise price: $0.00 for the converted units; tax-withheld shares priced at $16.34 each (total reported $17,162).
• Footnotes: F1 — each unit represents a contingent right to one common share; F2 — these units vest in three equal installments on 9/26/2026, 9/26/2027 and 9/26/2028 (this appears to be the first installment).
• Shares owned after the transaction: not specified in the supplied filing data.
• Filing timeliness: filing date is 9/29/2026 covering 9/26/2026 transactions (no late-filing flag provided in the supplied data).

Context

• This was an award conversion with a tax-withholding share surrender (common practice when restricted stock/units vest); the exercise price was $0, so the insider did not pay cash to receive the shares.
• Withholding of shares to cover taxes (code F) is routine and does not by itself signal bullish or bearish trading intent.