4//SEC Filing
LEFKOWITZ BARRY 4
Accession 0001213900-21-033580
CIK 0001759774other
Filed
Jun 21, 8:00 PM ET
Accepted
Jun 22, 5:00 PM ET
Size
14.8 KB
Accession
0001213900-21-033580
Insider Transaction Report
Form 4
LEFKOWITZ BARRY
Director
Transactions
- Award
LTIP Units
2021-06-18+2,416→ 2,416 total→ Class A Common Stock (2,416 underlying) - Award
LTIP Units
2021-06-18$20.69/sh+3,866$79,980→ 3,866 total→ Class A Common Stock (3,866 underlying)
Footnotes (5)
- [F1]The LTIP Units are a class of limited partnership units of Postal Realty LP (the "Operating Partnership").
- [F2]Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by Postal Realty Trust, Inc. (the "Issuer") into an equivalent number of units of the Operating Partnership ("OP Units"). OP Units are redeemable by the Reporting Person for cash or, at the election of the Issuer, shares of Class A common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates.
- [F3]Reflects LTIP Unit grants in lieu of cash compensation pursuant to the Issuer's Alignment of Interest Program that vest on the third anniversary of June 18, 2021, subject to certain conditions.
- [F4]The LTIP Units were granted in lieu of cash compensation. The price of the securities acquired by the Reporting Person is based on the volume weighted average price of the Issuer's Class A common stock for the 10 trading days immediately preceding June 18, 2021, which was $20.688.
- [F5]The LTIP Units will vest ratably on the first, second and third anniversaries of June 18, 2021, subject to continued service on the Issuer's board of directors through the applicable vesting date.
Issuer
Postal Realty Trust, Inc.
CIK 0001759774
Entity typeother
Related Parties
1- filerCIK 0001032809
Filing Metadata
- Form type
- 4
- Filed
- Jun 21, 8:00 PM ET
- Accepted
- Jun 22, 5:00 PM ET
- Size
- 14.8 KB