Form 4 for PBI PITNEY BOWES INC /DE/
Accepted 2025-02-14 00:00:00 ET · period of report 2025-02-12 · accession 0000950170-25-021714 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MTI | 2025-02-14 | 2025-02-12+ | PBI | Wolf Kurt James | Dir | S - Sale | $9.88 | -1.60M | 622.2K | -72% | -$15.85M |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-02-14 | S | D | 3,523 | $10.66 | 606,289 | I By Separately Managed Accounts | — | — | (F9) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.60 to $10.73, inclusive. (F11) The reporting person is the managing member of (a) Hestia Partners GP, the general partner of Hestia Capital Partners , LP (Hestia Capital) and Helios I, LP (Helios), and (b) Hestia LLC, the investment manager of Hestia Capital, Helios, and certain separately managed accounts (the SMAs). As the managing member of each of Hestia Partners GP and Hestia LLC, the reporting person may be deemed the beneficial owner of the shares directly owned by Hestia Capital, shares directly owned by Helios, and shares held in the SMAs. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. (F10) The reported sale occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 23, 2024. |
| 2 | Common | Common Stock | 2025-02-14 | S | D | 46,188 | $10.66 | 8,593,401 | I By Helios I, LP | — | — | (F8) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.60 to $10.73, inclusive. (F11) The reporting person is the managing member of (a) Hestia Partners GP, the general partner of Hestia Capital Partners , LP (Hestia Capital) and Helios I, LP (Helios), and (b) Hestia LLC, the investment manager of Hestia Capital, Helios, and certain separately managed accounts (the SMAs). As the managing member of each of Hestia Partners GP and Hestia LLC, the reporting person may be deemed the beneficial owner of the shares directly owned by Hestia Capital, shares directly owned by Helios, and shares held in the SMAs. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. (F10) The reported sale occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 23, 2024. |
| 3 | Common | Common Stock | 2025-02-14 | S | D | 28,574 | $10.66 | 4,986,554 | I By Hestia Capital Partners, LP | — | — | (F7) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.60 to $10.73, inclusive. (F11) The reporting person is the managing member of (a) Hestia Partners GP, the general partner of Hestia Capital Partners , LP (Hestia Capital) and Helios I, LP (Helios), and (b) Hestia LLC, the investment manager of Hestia Capital, Helios, and certain separately managed accounts (the SMAs). As the managing member of each of Hestia Partners GP and Hestia LLC, the reporting person may be deemed the beneficial owner of the shares directly owned by Hestia Capital, shares directly owned by Helios, and shares held in the SMAs. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. (F10) The reported sale occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 23, 2024. |
| 4 | Common | Common Stock | 2025-02-13 | S | D | 12,438 | $10.65 | 609,812 | I By Separately Managed Accounts | — | — | (F6) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.60 to $10.80, inclusive. (F11) The reporting person is the managing member of (a) Hestia Partners GP, the general partner of Hestia Capital Partners , LP (Hestia Capital) and Helios I, LP (Helios), and (b) Hestia LLC, the investment manager of Hestia Capital, Helios, and certain separately managed accounts (the SMAs). As the managing member of each of Hestia Partners GP and Hestia LLC, the reporting person may be deemed the beneficial owner of the shares directly owned by Hestia Capital, shares directly owned by Helios, and shares held in the SMAs. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. (F10) The reported sale occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 23, 2024. |
| 5 | Common | Common Stock | 2025-02-13 | S | D | 163,072 | $10.65 | 8,639,589 | I By Helios I, LP | — | — | (F5) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.60 to $10.80, inclusive. (F11) The reporting person is the managing member of (a) Hestia Partners GP, the general partner of Hestia Capital Partners , LP (Hestia Capital) and Helios I, LP (Helios), and (b) Hestia LLC, the investment manager of Hestia Capital, Helios, and certain separately managed accounts (the SMAs). As the managing member of each of Hestia Partners GP and Hestia LLC, the reporting person may be deemed the beneficial owner of the shares directly owned by Hestia Capital, shares directly owned by Helios, and shares held in the SMAs. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. (F10) The reported sale occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 23, 2024. |
| 6 | Common | Common Stock | 2025-02-13 | S | D | 100,883 | $10.65 | 5,015,128 | I By Hestia Capital Partners, LP | — | — | (F4) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $10.60 to $10.80, inclusive. (F11) The reporting person is the managing member of (a) Hestia Partners GP, the general partner of Hestia Capital Partners , LP (Hestia Capital) and Helios I, LP (Helios), and (b) Hestia LLC, the investment manager of Hestia Capital, Helios, and certain separately managed accounts (the SMAs). As the managing member of each of Hestia Partners GP and Hestia LLC, the reporting person may be deemed the beneficial owner of the shares directly owned by Hestia Capital, shares directly owned by Helios, and shares held in the SMAs. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. (F10) The reported sale occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 23, 2024. |
| 7 | Common | Common Stock | 2025-02-12 | S | D | 456,250 | $9.66 | 5,116,011 | I By Hestia Capital Partners, LP | — | — | (F1) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.01 to $9.95, inclusive. The reporting person undertakes to provide to Pitney Bowes Inc., any security holder of Pitney Bowes Inc., 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 ranges set forth in this footnote, as well as footnotes through 9 below. (F11) The reporting person is the managing member of (a) Hestia Partners GP, the general partner of Hestia Capital Partners , LP (Hestia Capital) and Helios I, LP (Helios), and (b) Hestia LLC, the investment manager of Hestia Capital, Helios, and certain separately managed accounts (the SMAs). As the managing member of each of Hestia Partners GP and Hestia LLC, the reporting person may be deemed the beneficial owner of the shares directly owned by Hestia Capital, shares directly owned by Helios, and shares held in the SMAs. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. (F10) The reported sale occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 23, 2024. |
| 8 | Common | Common Stock | 2025-02-12 | S | D | 737,500 | $9.66 | 8,802,661 | I By Helios I, LP | — | — | (F2) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.01 to $9.95, inclusive. (F11) The reporting person is the managing member of (a) Hestia Partners GP, the general partner of Hestia Capital Partners , LP (Hestia Capital) and Helios I, LP (Helios), and (b) Hestia LLC, the investment manager of Hestia Capital, Helios, and certain separately managed accounts (the SMAs). As the managing member of each of Hestia Partners GP and Hestia LLC, the reporting person may be deemed the beneficial owner of the shares directly owned by Hestia Capital, shares directly owned by Helios, and shares held in the SMAs. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. (F10) The reported sale occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 23, 2024. |
| 9 | Common | Common Stock | 2025-02-12 | S | D | 56,250 | $9.66 | 622,250 | I By Separately Managed Accounts | — | — | (F3) The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.01 to $9.95, inclusive. (F11) The reporting person is the managing member of (a) Hestia Partners GP, the general partner of Hestia Capital Partners , LP (Hestia Capital) and Helios I, LP (Helios), and (b) Hestia LLC, the investment manager of Hestia Capital, Helios, and certain separately managed accounts (the SMAs). As the managing member of each of Hestia Partners GP and Hestia LLC, the reporting person may be deemed the beneficial owner of the shares directly owned by Hestia Capital, shares directly owned by Helios, and shares held in the SMAs. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein. (F10) The reported sale occurred automatically pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on August 23, 2024. |