Garber Jeremy 4

What Happened
Jeremy Garber, President, Treasurer & Secretary of Postal Realty Trust (PSTL), had several equity events reported Jan 29–Feb 1, 2026. Key items:

• 17,300 performance-based RSUs vested on Jan 29, 2026 (converted to 17,300 shares at $0 exercise price).
• To satisfy tax withholding on vested awards, 6,761 shares were withheld/disposed on Jan 29 (value ≈ $119,467).
• On Feb 1, 2026, Garber received multiple grants: 12,003 restricted shares (service-based), 91,288 market-based LTIP units priced at ~$17.7136 each (market value disclosed $1,617,039), and 14,671 additional derivative awards.
• To satisfy withholding related to other restricted awards, 5,264 shares were withheld/disposed on Feb 1 (value ≈ $95,963).
  Overall, the filing shows ~135,262 shares/units acquired through vesting and grants (including derivative awards) and 12,025 shares withheld/disposed to cover taxes (total withholding proceeds ≈ $215,430).

Key Details

• Transaction dates: Jan 29, 2026 (vesting/exercise and tax withholding) and Feb 1, 2026 (grants and additional withholding). Filing date: Feb 2, 2026.
• Prices/values shown: tax-withheld dispositions at ~$17.67 (6,761 shares = $119,467) and ~$18.23 (5,264 shares = $95,963); LTIP units priced at $17.7136 (91,288 units = $1,617,039).
• Shares owned after the transactions: Not specified in the provided excerpts of the filing.
• Footnote highlights: the Jan 29 shares were performance-based RSUs (2023 RSUs) that vested at 123.1% of target; the Feb 1 LTIP Units and RSUs are subject to future performance/service vesting periods (some settle in common stock on vesting).
• Disposal codes: F = share withholding to satisfy tax obligations (not an open-market sale); M = exercise/convert derivatives; A = grant/award.
• Filing appears timely (filed Feb 2, 2026 for Jan 29 and Feb 1 transactions).

Context

• These transactions are largely awards vesting and newly granted equity (not open-market purchases or voluntary sales). The withheld shares (F) reflect tax-withholding in connection with vesting—not a directional sale indicating sentiment.
• Derivative/RSU explanation: performance-based RSUs convert one-for-one to Class A shares upon certification/vesting; LTIP Units are limited partnership units granted in lieu of cash compensation and may convert/settle into shares or cash upon vesting/conditions.
• For retail investors: awards and vesting increase insider share exposure but withheld shares for taxes are routine and do not necessarily indicate buying or selling intent.