Brimm Peter C 4

What Happened Peter C. Brimm, a director of Pitney Bowes Inc. (PBI), was granted two awards on May 12, 2026: 6,532 and 18,159 restricted stock units (RSUs), for a total of 24,691 units. The Form 4 records these as derivative awards (transaction code A) with an acquisition price of $0.00, indicating they are compensation grants rather than purchases. The filing does not report an immediate cash value received — the units represent contingent rights to receive common stock in the future.

Key Details

• Transaction date: 2026-05-12; Filing date (Accession): 2026-05-14 — filing appears timely.
• Grants: 6,532 RSUs and 18,159 RSUs (total 24,691 RSUs); reported acquisition price $0.00.
• Shares owned after transaction: not specified in the provided filing details.
• Footnotes: F1 — each unit is a contingent right to one share of Pitney Bowes common stock; F2 — the RSUs granted on May 12, 2026 cliff vest after one year.
• Transaction type: A = Award/Grant (derivative securities). No 10b5-1, tax-withholding, or cashless-sale notes were reported in the summary provided.

Context RSU grants are a form of compensation and typically vest over time (here, cliff vesting after one year), so they are not the same as an open-market purchase by the insider. Because these are derivative awards that convert to shares later, they don’t necessarily signal immediate buying or selling intent; they reflect board/compensation decisions.