4//SEC Filing
Klein Robert B 4
Accession 0001628280-24-004899
CIK 0001759774other
Filed
Feb 13, 7:00 PM ET
Accepted
Feb 14, 7:49 PM ET
Size
11.6 KB
Accession
0001628280-24-004899
Insider Transaction Report
Form 4
Klein Robert B
Chief Financial Officer
Transactions
- Award
LTIP Units
2024-02-12$14.23/sh+43,038$612,551→ 100,095 total→ Class A common stock (43,038 underlying) - Award
LTIP Units
2024-02-12+10,868→ 110,963 total→ Class A common stock (10,868 underlying) - Award
Restricted Stock Units
2024-02-12+13,284→ 33,766 total→ Class A common stock (13,284 underlying)
Footnotes (7)
- [F1]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 Postal Realty Trust, Inc. (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.
- [F2]Reflects LTIP Unit grants in lieu of cash compensation that vest on the eighth anniversary of February 1, 2024, subject to certain conditions.
- [F3]The LTIP Units are a class of limited partnership units of the Operating Partnership.
- [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 February 12, 2024, which was $14.2328.
- [F5]The LTIP Units will vest ratably on the first, second and third anniversaries of February 1, 2024, subject to continued employment with the Issuer.
- [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 0001839443
Filing Metadata
- Form type
- 4
- Filed
- Feb 13, 7:00 PM ET
- Accepted
- Feb 14, 7:49 PM ET
- Size
- 11.6 KB