PITTSBURGH--(BUSINESS WIRE)--Hestia Capital Management, LLC (collectively with its affiliates, “Hestia”) today announced that it will distribute approximately 1.5 million shares of common stock of Pitney Bowes, Inc. (NYSE: PBI) (“Pitney Bowes” or the “Company”) to limited partners. This includes a distribution of approximately 1.1 million shares of Pitney Bowes to Kurt Wolf, who is the Chief Executive Officer and a sizable individual shareholder of the Company. Hestia's decision to distribute s.