Freemen-Bosworth Lauren 4

What Happened
Lauren Freemen‑Bosworth, EVP, General Counsel & Corporate Secretary of Pitney Bowes (PBI), exercised 28,000 stock options on Feb 27, 2026 (cost $5.99/share; total cash paid $167,720) and then sold the resulting shares in broker‑assisted open‑market transactions. On Feb 27 she sold 28,253 shares at a weighted average price of $10.70 for proceeds of $302,307, and on Mar 2 she sold an additional 271 shares at $10.60 for $2,873. The Form 4 also shows a derivative conversion/disposition of 28,000 shares at $0, consistent with the option exercise.

Key Details

• Transaction dates: Feb 27, 2026 (exercise and main sale) and Mar 2, 2026 (additional sale).
• Exercise: 28,000 options exercised at $5.99/share (total $167,720).
• Sales: 28,253 shares sold on Feb 27 at a $10.70 weighted average ($302,307); 271 shares sold on Mar 2 at $10.60 ($2,873). Combined sale proceeds ≈ $305,180. Footnote: the $10.70 is a weighted average; trades occurred in the $10.57–$10.84 range.
• Shares owned after the transactions: not specified in the provided filing excerpt.
• Footnotes: F1 — transactions were effected under a Rule 10b5‑1 trading plan adopted Oct 31, 2025 (during the company’s open window). F2 — sale price reported is a weighted average; detailed per‑trade prices are available upon request.
• Filing timeliness: Reported on Mar 3, 2026 for transactions on Feb 27–Mar 2, which is within the Form 4 two business‑day filing window (timely).

Context
This sequence (exercise followed by immediate market sales) is consistent with a cashless or broker‑assisted exercise where newly acquired shares are sold to cover exercise cost, taxes, or to take proceeds. The 10b5‑1 plan note indicates the trades were pre‑planned and not ad hoc. Sales by officers are common and, by themselves, do not necessarily indicate a change in personal view of the company.