4//SEC Filing
Spodek Andrew 4
Accession 0001628280-24-003553
CIK 0001759774other
Filed
Feb 5, 7:00 PM ET
Accepted
Feb 6, 7:16 PM ET
Size
10.0 KB
Accession
0001628280-24-003553
Insider Transaction Report
Form 4
Spodek Andrew
DirectorCEO and Director10% Owner
Transactions
- Exercise/Conversion
Restricted Stock Units
2024-02-02−18,954→ 37,630 total→ Class A common stock (18,954 underlying) - Tax Payment
Class A common stock
2024-02-02$14.22/sh−3,919$55,728→ 651,177 total - Exercise/Conversion
Class A common stock
2024-02-02+9,477→ 655,096 total
Holdings
- 227,518(indirect: By Trust)
Class A common stock
Footnotes (3)
- [F1]As previously reported, on February 11, 2021, the Reporting Person was granted 18,954 performance-based restricted stock units (the "RSUs"), and, depending on the level of achievement of certain performance-based hurdles during the three-year performance period ended on December 31, 2023 (the "Measurement Period"), the actual number of RSUs earned could range from 50% to 150% of the target RSUs. On February 2, 2024, 9,477 RSUs vested based on the achievement of certain performance goals during the Measurement Period after the Corporate Governance and Compensation Committee of the Board of Directors of Postal Realty Trust, Inc. (the "Issuer") certified the Reporting Person's achievement relative to the applicable performance objectives during the Measurement Period and approved the vesting of the RSUs with respect to these shares.
- [F2]In accordance with the Issuer's 2019 Equity Incentive Plan (the "Plan"), Performance Units (as defined in the Plan) convert into the Issuer's Class A common stock on a one-for-one basis.
- [F3]Each RSU represents a contingent right to receive shares of the Issuer's Class A common stock.
Documents
Issuer
Postal Realty Trust, Inc.
CIK 0001759774
Entity typeother
Related Parties
1- filerCIK 0001777089
Filing Metadata
- Form type
- 4
- Filed
- Feb 5, 7:00 PM ET
- Accepted
- Feb 6, 7:16 PM ET
- Size
- 10.0 KB