Chernylo Sofia 4
4 · NETSTREIT Corp. · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
NETSTREIT (NTST) CAO Sofia Chernylo Receives LTIP Award
What Happened
Sofia Chernylo, Chief Accounting Officer of NETSTREIT Corp. (NTST), was granted 4,125 LTIP units (reported as a derivative award) on February 12, 2026. The units were reported at $0.00 per unit (typical for equity awards), so there was no cash purchase price. The award was reported on a Form 4 filed February 17, 2026.
Key Details
- Transaction date: 2026-02-12; Form 4 filed: 2026-02-17 (appears to be a late filing).
- Transaction code: A (award/grant of a derivative). Reported quantity: 4,125 LTIP Units; reported dollar amount: $0.00.
- Shares owned after transaction: not specified in the provided excerpt.
- Footnote summary: These are Time-Based LTIP Units in NETSTREIT, L.P. that convert to Partnership common units upon vesting. Vesting occurs in roughly equal installments on each of the first three anniversaries of the grant (per footnote). After the second anniversary of a grant, each converted common unit is redeemable for cash equal to the market value of one share of NETSTREIT common stock, or, at the company’s election, one share of common stock. LTIP Units/Common Units have no expiration date.
Context
This was a standard equity compensation grant (not an open-market purchase or sale). Grants are common for executive compensation and do not by themselves indicate immediate buying or selling of company stock. Note the filing date is after the transaction date; late Form 4 filings can lead to regulatory scrutiny or corrective filings.
Insider Transaction Report
- Award
Time-Based LTIP Units
[F1][F2]2026-02-12+4,125→ 4,125 total→ Common Stock (4,125 underlying)
Footnotes (2)
- [F1]Represents Time-Based LTIP Units ("LTIP Units") in NETSTREIT, L.P. (the "Partnership"), the operating partnership of NETSTREIT Corp. (the "Company") and of which the Company is the sole member of the general partner. Under the limited partnership agreement of the Partnership (the "OP Agreement") and subject to conditions set forth in the OP Agreement, upon vesting of LTIP Units, LTIP Units are automatically converted into common units of limited partnership interest ("Common Units") in the Partnership. Following the second anniversary of the grant date of the applicable LTIP Unit, each Common Unit is redeemable for cash equal to the then-current market value of one share of the Company's common stock or, at the election of the Company, one share of the Company's common stock. Neither LTIP Units nor Common Units have an expiration date.
- [F2]Represents a grant of LTIP Units, which vest in substantially equal installments on each of the first three anniversaries of the grant date, generally subject to continued service as an officer through each applicable vesting date.