4//SEC Filing
Brandwein Matt 4
Accession 0001628280-25-003889
CIK 0001759774other
Filed
Feb 3, 7:00 PM ET
Accepted
Feb 4, 7:51 PM ET
Size
20.6 KB
Accession
0001628280-25-003889
Insider Transaction Report
Form 4
Brandwein Matt
EVP & Chief Accounting Officer
Transactions
- Award
Class A common stock
2025-01-31$13.03/sh+7,675$99,993→ 129,297 total - Award
Class A common stock
2025-01-31+7,675→ 136,972 total - Disposition to Issuer
Restricted Stock Units
2025-01-31−3,750→ 10,395 total→ Class A common stock (3,750 underlying) - Award
Class A common stock
2025-01-31+2,850→ 121,622 total - Tax Payment
Class A common stock
2025-02-03$13.16/sh−2,447$32,203→ 134,525 total - Award
LTIP Units
2025-01-31$13.03/sh+7,676$100,006→ 7,676 total→ Class A common stock (7,676 underlying) - Award
LTIP Units
2025-01-31+7,676→ 15,352 total→ Class A common stock (7,676 underlying) - Award
LTIP Units
2025-01-31+2,849→ 18,201 total→ Class A common stock (2,849 underlying)
Footnotes (12)
- [F1]Reflects a grant of restricted shares of Postal Realty Trust Inc's (the "Issuer") Class A common stock that vest ratably on the first, second and third anniversaries of February 1, 2025, subject to the Reporting Person's continued service as an employee through the applicable vesting date.
- [F10]Reflects LTIP Units that vest on the eighth anniversary of February 1, 2025, subject to certain conditions.
- [F11]The LTIP Units will vest ratably on the first, second and third anniversaries of February 1, 2025, subject to continued employment with the Issuer.
- [F12]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.
- [F2]Reflects the right to receive shares of the Issuer's Class A common stock in lieu of cash compensation that vested 100% on the date of grant.
- [F3]The price of the securities acquired by the Reporting Person is based on the average price of the Issuer's Class A common stock for the 10 trading days immediately preceding January 31, 2025, which was $13.0284.
- [F4]Reflects restricted share grants of the Issuer's Class A common stock that vest on the eighth anniversary of February 1, 2025, subject to certain conditions.
- [F5]Reflects shares of Issuer's Class A common stock withheld to satisfy a tax withholding obligation in connection with the vesting of a restricted stock award granted to the reporting person on each of January 31, 2022; January 31, 2023; and February 12, 2024.
- [F6]Reflects LTIP Unit grants in lieu of cash compensation, all of which vested immediately.
- [F7]The LTIP Units are a class of limited partnership units of the Operating Partnership.
- [F8]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.
- [F9]The LTIP Units were granted in lieu of cash compensation. The price of the securities acquired by the Reporting Person is based on the average price of the Issuer's Class A common stock for the 10 trading days immediately preceding January 31, 2025, which was $13.0284.
Documents
Issuer
Postal Realty Trust, Inc.
CIK 0001759774
Entity typeother
Related Parties
1- filerCIK 0001777120
Filing Metadata
- Form type
- 4
- Filed
- Feb 3, 7:00 PM ET
- Accepted
- Feb 4, 7:51 PM ET
- Size
- 20.6 KB