4//SEC Filing
Klein Robert B 4
Accession 0001628280-25-034189
CIK 0001759774other
Filed
Jul 2, 8:00 PM ET
Accepted
Jul 3, 1:47 PM ET
Size
24.9 KB
Accession
0001628280-25-034189
Insider Transaction Report
Form 4
Klein Robert B
Chief Financial Officer
Transactions
- Disposition to Issuer
LTIP Units
2025-07-01−45,698→ 67,019 total→ Class A common stock (45,698 underlying) - Disposition to Issuer
Restricted Stock Units
2025-07-01−11,359→ 29,264 total→ Class A common stock (11,359 underlying) - Disposition to Issuer
LTIP Units
2025-07-01−43,038→ 23,981 total→ Class A common stock (43,038 underlying) - Disposition to Issuer
LTIP Units
2025-07-01−3,785→ 20,196 total→ Class A common stock (3,785 underlying) - Disposition to Issuer
Restricted Stock Units
2025-07-01−13,284→ 15,980 total→ Class A common stock (13,284 underlying) - Disposition to Issuer
Restricted Stock Units
2025-07-01−15,980→ 0 total→ Class A common stock (15,980 underlying) - Disposition to Issuer
Class A common stock
2025-07-01−18,460→ 40,747 total - Disposition to Issuer
LTIP Units
2025-07-01−7,244→ 12,952 total→ Class A common stock (7,244 underlying) - Disposition to Issuer
LTIP Units
2025-07-01−12,952→ 0 total→ Class A common stock (12,952 underlying)
Footnotes (13)
- [F1]Represents awards automatically forfeited and cancelled due to the Reporting Person's resignation as Chief Financial Officer of the Company effective June 18, 2025 and pursuant to the terms of the Transition and Separation Agreement, dated June 18, 2025, between the Issuer and the Reporting Person (the "Transition Agreement").
- [F10]The LTIP Units were scheduled to vest ratably on each of February 1, 2026, February 1, 2027 and February 1, 2028, subject to continued employment with the Issuer.
- [F11]The RSUs are market-based awards and are subject to and were scheduled to vest upon achievement of certain performance-based hurdles and continued employment with the Issuer during the three-year performance period ending on December 31, 2025.
- [F12]The RSUs are market-based awards and are subject to and were scheduled to 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.
- [F13]The RSUs are market-based awards and are subject to and were scheduled to vest upon achievement of certain performance-based hurdles and continued employment with the Issuer during the three-year performance period ending on December 31, 2027.
- [F2]Not applicable.
- [F3]Represents the sum of (i) 12,747 shares that the Reporting Person beneficially owns as of the date hereof and (ii) 28,000 restricted stock awards which are currently unvested as of the date hereof, but which, pursuant to the terms of the Transition Agreement, can be accelerated by the Company if Mr. Klein fully complies with the terms of the Transition Agreement.
- [F4]The LTIP Units are a class of limited partnership units of Postal Realty LP (the "Operating Partnership").
- [F5]Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by Postal Realty Trust, Inc. (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 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.
- [F6]Reflects LTIP Unit grants in lieu of cash compensation which were scheduled to vest on the eighth anniversary of February 1, 2023, subject to certain conditions.
- [F7]Reflects LTIP Unit grants in lieu of cash compensation which were scheduled to vest on the eighth anniversary of February 1, 2024, subject to certain conditions.
- [F8]The LTIP Units were scheduled to vest on February 1, 2026, subject to continued employment with the Issuer.
- [F9]The LTIP Units were scheduled to vest ratably on each of February 1, 2026, and February 1, 2027, subject to continued employment with the Issuer.
Documents
Issuer
Postal Realty Trust, Inc.
CIK 0001759774
Entity typeother
Related Parties
1- filerCIK 0001839443
Filing Metadata
- Form type
- 4
- Filed
- Jul 2, 8:00 PM ET
- Accepted
- Jul 3, 1:47 PM ET
- Size
- 24.9 KB