Freemen-Bosworth Lauren 4

What Happened
Lauren Freemen-Bosworth, EVP, General Counsel & Corporate Secretary of Pitney Bowes (PBI), had contingent equity units vest on Feb 24, 2026. The filing shows conversion/exercise of 7,880 contingent units into common shares (exercise price $0.00). To cover tax withholding, 3,652 shares were surrendered at $10.56 per share for a withholding value of $38,565, leaving a net 4,228 shares issued to her.

Key Details

• Transaction date: 2026-02-24; Form 4 filed 2026-02-26 (timely within the typical 2‑business‑day window).
• Converted/exercised: 7,880 contingent units → 7,880 shares (exercise/conversion code M; $0.00 exercise price).
• Tax withholding: 3,652 shares surrendered (code F) at $10.56/share = $38,565 withheld.
• Net shares received: 4,228 (7,880 gross − 3,652 withheld).
• Shares owned after the transaction: Not specified in this filing.
• Footnotes: F1 — each unit is a contingent right to one share; F2 — these units vest in three equal installments (4/18/2025; 2/24/2026; 2/23/2027).
• Nature of transactions: Vesting/conversion of awards with shares withheld for tax liability (routine compensation-related transaction, not an open-market sale).

Context
This was a vesting/settlement of contingent stock units (similar to RSUs) rather than a discretionary open‑market sale or purchase. The 3,652-share disposition was for tax withholding, a common and administrative step that doesn’t necessarily signal insider sentiment about the stock.