4//SEC Filing
Spodek Andrew 4
Accession 0001628280-25-003887
CIK 0001759774other
Filed
Feb 3, 7:00 PM ET
Accepted
Feb 4, 7:51 PM ET
Size
11.1 KB
Accession
0001628280-25-003887
Insider Transaction Report
Form 4
Spodek Andrew
DirectorCEO and Director10% Owner
Transactions
- Award
LTIP Units
2025-01-31$13.03/sh+198,335$2,583,988→ 958,196 total→ Class A common stock (198,335 underlying) - Award
LTIP Units
2025-01-31+21,000→ 979,196 total→ Class A common stock (21,000 underlying) - Disposition to Issuer
Restricted Stock Units
2025-01-31−17,539→ 43,586 total→ Class A common stock (17,539 underlying)
Footnotes (6)
- [F1]Reflects LTIP Unit grants in lieu of cash compensation that vest on the eighth anniversary of February 1, 2025, subject to certain conditions.
- [F2]Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by 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 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.
- [F3]The LTIP Units are a class of limited partnership units of Postal Realty LP (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 January 31, 2025, which was $13.0284.
- [F5]The LTIP Units will vest ratably on the first, second and third anniversaries of February 1, 2025, subject to continued employment with the Issuer.
- [F6]Represents the forfeiture of all performance-based RSU's granted to the reporting person on January 31, 2022 due to certain performance-based hurdles related to the Issuer's absolute total stockholder return not being achieved.
Documents
Issuer
Postal Realty Trust, Inc.
CIK 0001759774
Entity typeother
Related Parties
1- filerCIK 0001777089
Filing Metadata
- Form type
- 4
- Filed
- Feb 3, 7:00 PM ET
- Accepted
- Feb 4, 7:51 PM ET
- Size
- 11.1 KB