Donlan Daniel P 4
4 · NETSTREIT Corp. · Filed Feb 17, 2026
Research Summary
AI-generated summary of this filing
NETSTREIT (NTST) CFO Daniel Donlan Receives Equity Awards
What Happened Daniel P. Donlan, NETSTREIT Corp.'s CFO and Treasurer, received two equity awards on February 12, 2026: 12,514 restricted stock units (RSUs) and 21,711 Time‑Based LTIP Units. Both grants are reported at $0 (derivative awards) and are awards/compensation rather than open‑market purchases or sales. The RSUs were granted in lieu of cash compensation under the company’s Alignment of Interest Program.
Key Details
- Transaction date: February 12, 2026; Filing date (Form 4): February 17, 2026 (filed within the SEC’s 2 business‑day window; Feb 16 was a federal holiday).
- Award amounts: 12,514 RSUs (F1, F2) and 21,711 LTIP Units (F3, F4); reported acquisition price $0 (derivative awards).
- Vesting: Both the RSUs and LTIP Units vest in substantially equal installments on each of the first three anniversaries of the grant date, generally subject to continued service.
- Post‑transaction holdings: Not disclosed in the provided filing excerpt.
- Not a sale or purchase of public shares — these are compensation grants (code A).
Context RSUs represent a contingent right to receive one share of common stock upon vesting. LTIP Units are partnership units that, upon vesting, convert to common units of the operating partnership and — after the second anniversary of the grant — each common unit is redeemable for cash equal to the market value of one share or, at the company’s election, one share of common stock. Because these are standard compensation awards, they reflect company pay practices rather than an immediate insider buy or sell signal.
Insider Transaction Report
- Award
Restricted Stock Units
[F1][F2]2026-02-12+12,514→ 24,195 total→ Common Stock (12,514 underlying) - Award
Time-Based LTIP Units
[F3][F4]2026-02-12+21,711→ 21,711 total→ Common Stock (21,711 underlying)
Footnotes (4)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock upon vesting.
- [F2]On February 12, 2026, the reporting person was granted 12,514 RSUs in lieu of cash compensation pursuant to the Issuer's Alignment of Interest Program. The RSUs vest in substantially equal installments on each of the first three anniversaries of the grant date, generally subject to continued service as an officer throughout each applicable vesting date.
- [F3]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.
- [F4]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.