Bakke Stephen Michael 4

4 · Postal Realty Trust, Inc. · Filed Feb 2, 2026

AI-generated summary of this filing

Updated Feb 3, 2026

Postal Realty (PSTL) CFO Stephen Bakke Receives RSU & LTIP Award

What Happened

Stephen Michael Bakke, Chief Financial Officer of Postal Realty Trust, received two derivative awards on February 1, 2026: 10,246 restricted stock units (2026 RSUs) and 8,383 LTIP units. Both grants show an acquisition price of $0 (awarded, not purchased). The awards are subject to performance and vesting conditions and will convert into or be settled in shares or partnership units upon vesting.

Key Details

Transaction date: February 1, 2026; Form 4 filed February 2, 2026 (timely).
Award amounts: 10,246 RSUs (F1–F2) and 8,383 LTIP units (F3–F5); combined = 18,629 units.
Price: $0 — these are grants/awards, not open‑market purchases.
Vesting/settlement:
- 2026 RSUs are market‑based, performance‑contingent over a three‑year performance period ending 12/31/2028; payout may range from 0% to 200% of the RSUs and, if earned, will be settled in Class A common stock (F1–F2).
- LTIP Units are a class of Operating Partnership units that vest ratably on the 1st, 2nd and 3rd anniversaries of 2/1/2026 (subject to continued employment); upon vesting they convert to OP Units redeemable for cash or, at the issuer’s election, one‑for‑one into Class A shares (F3–F5).
Shares owned after transaction: Not specified in the summary data provided.
Filing timeliness: Filed the next day (Feb 2) for Feb 1 transactions — no late‑filing flag noted.

Context

These entries are awards (derivative grants) rather than open‑market buys or sales. The RSUs are performance‑based and may pay out more, the same, or less than the grant amount depending on achievement of metrics (0–200% per F1). LTIP units vest over time and convert into partnership units that can be redeemed for cash or shares, so ultimate value depends on future performance and company stock price. Awards do not on their own indicate the insider’s immediate buying or selling sentiment.

Form 4

Period: 2026-02-01

EVP & Chief Financial Officer

Transactions

Award
Restricted Stock Units
[F1][F2]
2026-02-01+10,246→ 10,246 total
→ Class A common stock (10,246 underlying)
Award
LTIP Units
[F3][F4][F5]
2026-02-01+8,383→ 75,521 total
→ Class A common stock (8,383 underlying)

Footnotes (5)

[F1]The Reporting Person may earn between 0% and 200%, inclusive, of the Restricted Stock Units granted herein (the "2026 RSUs").
[F2]The 2026 RSUs are market-based awards that 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, 2028. Upon vesting, the 2026 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 2026 RSUs were initially granted.
[F3]Following the occurrence of certain events and upon vesting, the LTIP Units are convertible into an equivalent number of limited partnership units ("OP Units") of Postal Realty LP (the "Operating Partnership"). 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.
[F4]The LTIP Units are a class of limited partnership units of the Operating Partnership.
[F5]The LTIP Units will vest ratably on the first, second and third anniversaries of February 1, 2026, subject to continued employment with the Issuer.

Signature

/s/ Joseph Antignani, attorney-in-fact|2026-02-02

1 file