Form 4: Pitney Bowes Director Converts RSUs to Common Stock

Pitney Bowes Director Catherine Levene converted 6,805 Restricted Stock Units into common stock, increasing her direct beneficial ownership.

Summary

• Catherine Levene, a Director of Pitney Bowes Inc. (PBI), reported a transaction on November 21, 2025.
• The transaction involved the conversion of 6,805 Restricted Stock Units (RSUs) into an equal number of common shares.
• The acquisition price for these shares was $0.00, indicating a vesting event.
• Following this transaction, Ms. Levene directly beneficially owns 7,005 shares of Pitney Bowes common stock.
• She also directly beneficially owns 10,461 Restricted Stock Units.
• The RSUs converted were granted on November 21, 2024, and had a one-year cliff vesting schedule.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive as a director increasing their direct ownership through RSU vesting generally signals continued alignment with shareholder interests, although it is a routine compensation event.

Positives

• The conversion of Restricted Stock Units into common stock increases the director's direct equity stake, aligning her interests more closely with those of shareholders.
• The transaction represents a routine vesting of previously granted equity compensation, indicating the fulfillment of employment or service conditions.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future financial performance or strategic direction.

Industry Context

This insider transaction is a routine equity compensation event for a director and does not provide specific insights into broader industry trends or competitive landscape for Pitney Bowes.

Stakeholder Impact

• Shareholders: The increase in direct common stock ownership by a director may be viewed positively as it enhances alignment between management and shareholder interests.

Key Dates

Keywords

Pitney Bowes, PBI, Catherine Levene, Director, Insider Transaction, Form 4, Restricted Stock Units, RSU Vesting, Common Stock, Beneficial Ownership