Pfeiffer Deborah 4

What Happened
Deborah Pfeiffer, EVP & President, Presort Services at Pitney Bowes (PBI), converted/exercised 8,847 contingent rights into common shares on February 26, 2026. No cash exercise price was paid ($0.00 per share). To satisfy tax withholding, 3,725 shares were surrendered at an implied value of $10.88 per share, totaling $40,509. The net result was a conversion/vesting event with a share-withholding for taxes rather than an open-market sale or cash purchase.

Key Details

• Transaction date: February 26, 2026.
• Transactions reported: exercise/conversion of 8,847 units (code M); withholding of 3,725 shares to pay taxes (code F) at $10.88/share = $40,509.
• Exercise/conversion price shown: $0.00 per share (no cash paid).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 — each unit = contingent right to one share; F2 — units vest in three equal installments on 2/26/2026, 2/23/2027, and 2/22/2028. The 8,847 conversion corresponds to the installment vesting on 2/26/2026.
• Filing timeliness: Report filed 2026-02-27 for a 2026-02-26 transaction; no late filing indication in the excerpt.

Context
This was a vesting/conversion of contingent stock rights (similar to RSUs) rather than a market purchase or a voluntary open-market sale. The withholding of 3,725 shares to cover taxes is a routine administrative step (cashless/net share settlement) and does not by itself indicate bullish or bearish insider sentiment.