Brimm Peter C 4

What Happened

• Peter C. Brimm, a director of Pitney Bowes Inc. (PBI), made an open-market purchase of 4,000 common shares on 2026-02-27 at a weighted-average price of $10.79 (total ~ $43,140). The filing also shows derivative transactions the same day: acquisition of 100 derivative-linked shares at $228.70 ($22,870) and dispositions of 100 derivative-linked shares at $217.00 ($21,700) and 100 at $215.00 ($21,500). The outright purchase of 4,000 shares is a direct buy (often viewed as more informative), while the reported sales involve derivative securities.

Key Details

• Transaction date: 2026-02-27; Form 4 filed 2026-03-03 (timely — within required business days).
• Purchases: 4,000 shares @ $10.79 (weighted avg) = $43,140. Footnote: trade prices ranged $10.78–$10.79; reporting person can provide per-trade breakdown on request (F1).
• Derivative activity: Acquired 100 @ $228.70 ($22,870); Sold 100 @ $217.00 ($21,700) and 100 @ $215.00 ($21,500).
• Shares owned after transaction: not stated in the provided filing excerpt.
• Transaction codes: P = purchase; S = sale. Derivative entries indicate trading in derivative-linked securities (options/rights), not direct common stock in those lines.

Context

• The filing records both a modest open‑market purchase (direct common shares) and separate derivative transactions. Derivative entries typically reflect option exercises or sales of derivative instruments, but the Form 4 here does not specify an exercise type or a cashless sale; therefore we report only what was filed. Purchases by insiders can be a useful signal to retail investors, while derivative sales may reflect prior option positions or other contractual arrangements rather than routine stock-sale sentiment.