DEFINA LAUREN THOMAS 4

What Happened

• Defina Lauren Thomas, VP and Chief Accounting Officer of Pitney Bowes (PBI), had 1,659 contingent stock units convert to common shares on Feb 26, 2026 (reported on Form 4 filed 2026-02-27).
• Of the 1,659 shares acquired at $0.00 (derivative settlement), 520 shares were withheld to cover tax withholding at $10.88 per share, totaling $5,655. Net shares delivered to Thomas = 1,139 shares.
• Overall this is an acquisition from vesting/conversion of awards rather than an open-market purchase or discretionary sale; the withholding is a routine tax-related disposition.

Key Details

• Transaction date: 2026-02-26; Form 4 filed: 2026-02-27 (appears timely).
• Acquired: 1,659 shares via exercise/conversion of derivative units at $0.00.
• Disposed for tax withholding: 520 shares at $10.88 each, total $5,655.
• Net shares received: 1,139 (1,659 acquired − 520 withheld).
• Footnotes: F1 — each unit is a contingent right to one common share; F2 — units vest in equal annual installments over three years (Feb 26, 2026; Feb 23, 2027; Feb 22, 2028).
• Shares owned after the transaction: not stated in the provided extract.

Context

• This was a routine vesting/conversion of contingent stock units (derivative settlement). The simultaneous withholding of shares to satisfy tax obligations is common and does not necessarily signal buying or selling intent beyond receiving vested compensation.
• Because this is an award vesting/tax withholding event (codes M and F), it is informational for shareholders but not necessarily a bullish or bearish insider trade signal.