4//SEC Filing
Garber Jeremy 4
Accession 0001628280-24-004897
CIK 0001759774other
Filed
Feb 13, 7:00 PM ET
Accepted
Feb 14, 7:48 PM ET
Size
10.9 KB
Accession
0001628280-24-004897
Insider Transaction Report
Form 4
Garber Jeremy
Pres., Treasurer & Secretary
Transactions
- Award
Class A common stock
2024-02-12+13,445→ 236,574 total - Award
LTIP Units
2024-02-12$14.23/sh+51,490$732,847→ 126,979 total→ Class A common stock (51,490 underlying) - Award
Restricted Stock Units
2024-02-12+16,433→ 42,752 total→ Class A common stock (16,433 underlying)
Footnotes (7)
- [F1]Reflects a grant of restricted shares of Class A common stock of Postal Realty Trust, Inc. (the "Issuer") that vest ratably on the first, second and third anniversaries of February 1, 2024, subject to the Reporting Person's continued service as an employee through the applicable vesting date.
- [F2]Following the occurrence of certain events and upon vesting, the LTIP Units are convertible into an equivalent number of limited partnership units of Postal Realty LP (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 that vest on the eighth anniversary of February 1, 2024, subject to certain conditions.
- [F4]The LTIP Units are a class of limited partnership units of the Operating Partnership.
- [F5]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 February 12, 2024, which was $14.2328.
- [F6]The Reporting Person may earn up to 200% of the RSUs granted.
- [F7]The RSUs are market-based awards and are subject to and will vest upon achievement of certain performance-based hurdles and continued employment with the Issuer during the three-year performance period ending on December 31, 2026. Upon vesting, the RSUs that vest will be settled in shares of the Issuer's Class A common stock and the Reporting Person will be entitled to receive the distributions that would have been paid with respect to each share of the Issuer's Class A common stock received upon settlement on or after the date the RSUs were initially granted.
Documents
Issuer
Postal Realty Trust, Inc.
CIK 0001759774
Entity typeother
Related Parties
1- filerCIK 0001777093
Filing Metadata
- Form type
- 4
- Filed
- Feb 13, 7:00 PM ET
- Accepted
- Feb 14, 7:48 PM ET
- Size
- 10.9 KB