SEC Form 4 · accession 0001693906-26-000011

· PBI

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Kurt James Wolf

Officer — President & CEO · Director

Period of report

Jul 30, 2026

Accepted (ET)

Aug 3, 2026 · 5:39 pm EDT

Rule 10b5-1 plan

yes — trade under a plan

Issuer CIK

0000078814

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock^F2,F3	Jul 30, 2026	S	386,480	$18.217	D	2,276,869	I	By Hestia Capital Partners, LP
Common Stock^F4,F3	Jul 30, 2026	S	5,223	$18.962	D	2,271,646	I	By Hestia Capital Partners, LP
Common Stock^F2,F3	Jul 30, 2026	S	38,223	$18.217	D	179,707	I	By Separately Managed Accounts
Common Stock^F4,F3	Jul 30, 2026	S	517	$18.962	D	179,190	I	By Separately Managed Accounts
Common Stock^F5,F3	Jul 31, 2026	S	192,450	$17.53	D	2,079,196	I	By Hestia Capital Partners, LP
Common Stock^F5,F3	Jul 31, 2026	S	19,033	$17.53	D	160,157	I	By Separately Managed Accounts
Common Stock^F6,F3	Aug 3, 2026	S	376,072	$18.105	D	1,703,124	I	By Hestia Capital Partners, LP
Common Stock^F6,F3	Aug 3, 2026	S	37,194	$18.105	D	122,963	I	By Separately Managed Accounts
Common Stock	holding	—	—		—	1,132,581	D

Table II — derivative securities

No Table II lines on this filing.

Explanation of responses

F1The stock option exercises and broker-assisted sales transactions reported were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on November 10, 2025 during the Company's open window period (the "Trading Plan").
F2The price reported here is a weighted average price. This transaction was executed in multiple transactions at prices ranging from $17.705 to $18.62, inclusive. The reporting person 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.
F3The reporting person is the managing member of (a) Hestia Partners GP, the general partner of Hestia Capital Partners, LP (Hestia Capital), and (b) Hestia LLC, the investment manager of Hestia Capital 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 and shares held in the SMAs. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
F4The price reported here is a weighted average price. This transaction was executed in multiple transactions at prices ranging from $18.7408 to $19.01, inclusive. The reporting person 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.
F5The price reported here is a weighted average price. This transaction was executed in multiple transactions at prices ranging from $17.42 to $17.965, inclusive. The reporting person 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.
F6The price reported here is a weighted average price. This transaction was executed in multiple transactions at prices ranging from $17.49 to $18.32, inclusive. The reporting person 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.