Todd A. Everett, executive vice president and SendTech president at Pitney Bowes (PBI), acquired 4,310 shares through an option exercise on September 26, 2026, according to information from an SEC Form 4 disclosure. The supplied record lists two transactions and a dollar value of $17,162.

The SEC is the source of the public disclosure, which records a change in an insider’s ownership. The transaction information identifies an option exercise rather than a purchase of shares on the open market. That distinction describes how Everett obtained the shares; it does not establish why he exercised the options.

Dividing the listed $17,162 by 4,310 shares produces approximately $3.98 per share. That is an implied average calculated from the supplied figures, not a confirmed exercise price for either transaction. The summary does not provide the individual transaction rows needed to verify how the dollar amount and share count are allocated.

The source publication timestamp is September 29, 2026. That timestamp is separate from the September 26 transaction date and, by itself, does not establish when the SEC received the filing. The record also indicates that the transactions were not associated with a Rule 10b5-1 trading plan.

How an option exercise appears in Form 4

A stock option gives its holder the right to acquire shares at a specified exercise price, subject to the option’s terms. Exercising that right converts the option entitlement into shares. It differs mechanically from placing a market order to buy stock at the prevailing trading price.

Form 4 is the SEC disclosure used by covered corporate insiders to report changes in beneficial ownership. Those insiders generally include directors, certain officers and holders of more than 10% of a registered class of equity securities. Most reportable transactions must be disclosed within two business days, although exceptions apply.

The form separates non-derivative securities, such as common shares, from derivative securities, such as stock options. An exercise can involve entries reflecting both the option and the underlying shares. Consequently, a count of two transactions in a summary does not, without the detailed rows, establish that the insider made two separate market purchases.

A complete filing can also identify transaction codes, prices, holdings after the reported activity and explanatory footnotes. Those details help readers distinguish an acquisition from any related disposition and understand whether ownership is direct or indirect.

What the supplied record leaves unresolved

The available information does not establish Everett’s total holdings after the transactions, the options’ expiration date or whether shares were subsequently retained or sold. It also does not supply enough detail to determine any tax withholding, fees or net cash paid.

Rule 10b5-1 arrangements allow insiders to establish trading instructions in advance, subject to regulatory conditions. The absence of such a plan does not itself establish a motive or a securities-law violation. Form 4 reports ownership activity; it is not an SEC endorsement of an investment or a finding about the insider’s intentions.

What to watch

The full transaction tables and footnotes are the next records to examine for exact exercise prices, the relationship between the two entries and Everett’s resulting holdings. Any later ownership changes would require separate evidence.