Kurt James Wolf, President and CEO of Pitney Bowes Inc /DE/ (NYSE:PBI), filed a Form 4 on August 31, 2026, reporting the sale of Common Stock on August 27 and August 28, 2026, pursuant to a Rule 10b5-1 trading plan.

Key Highlights

  • Reporting person: Kurt James Wolf, a Director and President and CEO of Pitney Bowes Inc /DE/
  • Transactions: Four separate sales of Common Stock executed on August 27 and August 28, 2026, all coded "S" (sale)
  • Shares sold: 1,747 and 173 shares on August 27, and 361 and 36 shares on August 28, disposed of indirectly through Hestia Capital Partners, LP and Separately Managed Accounts
  • Price: Weighted average price of $17.42 per share for all transactions, with the August 27 transactions executed at prices ranging from $17.42 to $17.425, inclusive
  • Post-transaction ownership: 1,201,016 shares indirectly via Hestia Capital Partners, LP; 122,754 shares indirectly via Separately Managed Accounts; and 1,611,056 shares held directly
  • Trading plan: Transactions were effected pursuant to a Rule 10b5-1 trading plan adopted on November 10, 2025 during the company's open window period

Wolf's Share Disposals via Hestia Capital and Managed Accounts

According to the filing, Kurt James Wolf, serving as both Director and President and CEO of Pitney Bowes Inc /DE/, disposed of Common Stock across two trading days in late August 2026. On August 27, 2026, 1,747 shares were sold indirectly through Hestia Capital Partners, LP and 173 shares were sold through Separately Managed Accounts. On August 28, 2026, an additional 361 shares were sold through Hestia Capital Partners, LP and 36 shares through Separately Managed Accounts. All transactions carried a transaction code of "S" and were reported at a weighted average price of $17.42.

The filing notes that the August 27 transactions were executed in multiple transactions at prices ranging from $17.42 to $17.425, inclusive. Wolf "undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range," according to the filing.

The filing further explains that Wolf is the managing member of Hestia Partners GP, the general partner of Hestia Capital Partners, LP, and also of Hestia LLC, the investment manager of Hestia Capital and certain Separately Managed Accounts. As a result, Wolf "may be deemed the beneficial owner of the shares directly owned by Hestia Capital and shares held in the SMAs," though the filing states he "disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein." All transactions were carried out under a Rule 10b5-1 trading plan adopted on November 10, 2025 during the company's open window period.

What Was Disclosed

The Form 4 filing reports four sales of Pitney Bowes Common Stock by President and CEO Kurt James Wolf on August 27 and 28, 2026, executed indirectly through Hestia Capital Partners, LP and Separately Managed Accounts, at a weighted average price of $17.42 per share under a pre-established Rule 10b5-1 plan.