Kurt James Wolf, who serves on the board of Pitney Bowes Inc (NYSE: PBI), reported the sale of 150,000 shares of the company’s common stock on March 11, 2026, according to a Form 4 filed with the Securities and Exchange Commission. The aggregate proceeds from the disposition were approximately $1.56 million, based on a weighted average sale price of $10.377 per share.
The filing details that execution prices for the shares ranged from $10.235 to $10.58. The transactions were carried out pursuant to a pre-established Rule 10b5-1 trading arrangement that Wolf adopted on November 10, 2025. After the sale, Wolf’s direct holding in Pitney Bowes stands at 53,789 shares.
Beyond his direct ownership, Wolf has indirect stakes in the company through investment vehicles. The filing shows indirect ownership of 7,598,168 shares via Hestia Capital Partners, LP and an additional 557,637 shares through Separately Managed Accounts.
The insider sale was disclosed as Pitney Bowes shares trade around $10.32 - down 3.3% year-to-date but up nearly 15% over the prior 12 months. Market capitalization sits at roughly $1.52 billion. The company currently offers a 3.6% dividend yield and has paid dividends for 56 consecutive years, according to the company data referenced in the filing.
Separately, Pitney Bowes released fourth-quarter results showing adjusted earnings per share of $0.45, which beat the analyst consensus of $0.37. Revenue for the quarter was $478 million, however, trailing the consensus estimate of $486.38 million and representing a 7% decline from $516 million a year earlier.
In addition to the operational results, Pitney Bowes announced its intention to offer up to an additional $200 million in principal amount of its 7.250% Senior Notes due 2029 via a private placement. The company stated that the issuance will be part of the same series as its notes originally issued in March 2021 and that the new notes will mirror the existing notes in all respects other than the initial offering price, issue date, and first interest payment date. The offering remains subject to market and customary conditions.
Market commentary included in the filing noted that InvestingPro analysis places the stock below its Fair Value, listing Pitney Bowes among undervalued opportunities. For investors seeking deeper research, a Pro Research Report on PBI is available through the InvestingPro service, which covers more than 1,400 U.S. equities.
Contextual note - The Form 4 reflects a transaction executed under an established trading plan; the filing includes details of direct and indirect ownership and does not itself explain the director’s motivations beyond the plan parameters.