Pitney Bowes Director Peter Brimm Exercises 6,922 RSUs

What Happened
Peter C. Brimm, a director of Pitney Bowes Inc. (PBI), exercised/converted 6,922 derivative units into common shares on August 6, 2026. The reported exercise/conversion price was $0.00, so no cash changed hands and the reported transaction value is $0.00. This reflects vested restricted stock units (RSUs) for a non-employee director converting into shares rather than an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-06 (reported on Form 4 filed 2026-08-10).
• Transaction type/code: M — exercise/conversion of derivative (conversion of RSU/contingent unit into shares).
• Shares involved: 6,922 units converted to 6,922 common shares. Price per share: $0.00; total reported cash value: $0.00.
• Shares owned after transaction: Not specified in this Form 4.
• Footnotes: F1 — each unit is a contingent right to receive one share; F2 — these were RSUs granted to non-employee directors on Aug 6, 2025 that cliff-vested on Aug 6, 2026.
• Filing timeliness: Form 4 was filed Aug 10 for the Aug 6 transaction (four days later); Form 4s are generally due within two business days, so this appears to be filed late.

Context
This was a routine vesting/conversion of director RSUs into common shares (a non-cash corporate compensation event), not an open-market buy or sale that signals a trading view. The simultaneous "acquired" and "disposed" derivative entries reflect conversion of the contingent units into actual shares (the derivative right is extinguished), not a cash sale of shares.