Zeigler Robin McBride 4
Research Summary
AI-generated summary
NETSTREIT Director Robin Zeigler Receives RSU Award
What Happened
- Robin McBride Zeigler, a director of NETSTREIT Corp. (NTST), received an award of 5,526 restricted stock units (RSUs) on February 12, 2026. The grant price shown is $0.00 because RSUs are a contingent award (derivative) rather than an immediate cash purchase. The RSUs convert to one share each upon vesting.
Key Details
- Transaction date: February 12, 2026; Form 4 filed February 17, 2026 (appears to be one business day late versus the 2-business-day Form 4 deadline).
- Award: 5,526 RSUs; reported acquisition price $0.00 (A = Award/Grant).
- Vesting: 100% vests on the first anniversary of the grant (Feb 12, 2027), generally conditioned on continued service as a director (see footnote).
- Shares owned after transaction: Not specified in the provided filing excerpt.
- Footnotes: F1 — each RSU represents a contingent right to one common share upon vesting. F2 — grant governed by the Issuer’s Amended and Restated 2019 Omnibus Incentive Compensation Plan; vesting tied to continued director service.
Context
- RSU grants are a form of equity compensation for directors and do not involve an immediate cash outlay or open-market purchase. They are not a direct buy/sell signal; value is realized only if and when RSUs vest and convert to shares (and then if the recipient sells). This filing documents compensation rather than a transactional endorsement of the stock.