Pfeiffer Deborah 4

What Happened
Deborah Pfeiffer, EVP and President of Presort Services at Pitney Bowes, converted a total of 23,855 contingent units/RSUs into common shares on 2026-02-24. Of those, 7,648 shares were withheld to satisfy tax obligations at $10.56 per share (total tax withholding ≈ $80,763), leaving a net issuance of 16,207 shares to Pfeiffer. This was an award conversion/settlement of equity (not an open-market purchase or sale).

Key Details

• Transaction date: 2026-02-24; Form filed: 2026-02-26 (appears timely).
• Conversion entries: 3,805 units and 20,050 units converted (total 23,855).
• Tax withholding (disposed): 1,602 shares @ $10.56 = $16,917 and 6,046 shares @ $10.56 = $63,846 (total withheld 7,648 shares, ~$80,763).
• Net shares received: 23,855 − 7,648 = 16,207 shares (calculated from filing entries).
• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price or tax liability (share withholding).
• Footnotes: F1 — each unit is a contingent right to one share. F2 — RSUs vest in equal annual installments over a three-year period (vesting date: fourth Tuesday in February).
• Shares owned after transaction: not specified in the provided filing excerpt.

Context
This was a routine equity award conversion/settlement (RSU/contingent unit vesting) with shares withheld to cover taxes — a common administrative action that does not, by itself, signal a buy or sell decision in the open market. No open-market sale or 10b5-1 plan is indicated in the provided details.