Manheimer Mark 4
4 · NETSTREIT Corp. · Filed Feb 18, 2026
Research Summary
AI-generated summary of this filing
NETSTREIT (NTST) CEO Mark Manheimer Receives RSUs; Shares Withheld
What Happened
Mark Manheimer, President, CEO, Secretary and a director of NETSTREIT Corp. (NTST), had RSUs vest on February 16, 2026 that converted into 34,843 shares (11,762 + 23,081). To satisfy mandatory tax withholding, the issuer withheld 13,963 shares (4,713 + 9,250) at $20.20 per share, resulting in $282,053 remitted for taxes. The net shares delivered to Mr. Manheimer after withholding were 20,880. These transactions reflect RSU vesting/settlement and withholding — not an open-market sale or a cash purchase.
Key Details
- Transaction date (vest/settle): 2026-02-16; Form 4 filed: 2026-02-18 (reporting period 2026-02-16).
- Vesting/Conversion (code M): 11,762 and 23,081 RSUs converted into shares (total 34,843).
- Tax withholding (code F): 4,713 and 9,250 shares withheld at $20.20/share = $95,203 and $186,850 (total $282,053).
- Net shares received by insider after withholding: 20,880 shares.
- Footnotes: F1–F4 explain these were RSUs (each represents a contingent right to one share), granted on Feb 16, 2024 (35,287 RSUs under Alignment of Interest Program and 69,244 RSUs under the 2019 Omnibus Plan) that vest in roughly equal annual installments over three years. F2 confirms withheld shares were for mandatory tax withholding (not an open-market sale).
- Shares owned after the transaction are not disclosed in the provided filing.
Context
- These filings document RSU vesting and issuer withholding for taxes (routine compensation settlement). The M-code entries reflect conversion of RSUs into shares; the F-code entries reflect shares withheld to cover taxes — effectively a cashless-withholding mechanism, not an executed sale on the open market.
- This is not a purchase signal; vesting is standard compensation and the withholding is administrative.
Insider Transaction Report
Form 4
NETSTREIT Corp.NTST
Manheimer Mark
DirectorPresident, CEO and Secretary
Transactions
- Exercise/Conversion
Common Stock
[F1]2026-02-16+11,762→ 328,140 total - Tax Payment
Common Stock
[F2]2026-02-16$20.20/sh−4,713$95,203→ 323,427 total - Exercise/Conversion
Common Stock
[F1]2026-02-16+23,081→ 346,508 total - Tax Payment
Common Stock
[F2]2026-02-16$20.20/sh−9,250$186,850→ 337,258 total - Exercise/Conversion
Restricted Stock Units
[F1][F3]2026-02-16−11,762→ 266,718 total→ Common Stock (11,762 underlying) - Exercise/Conversion
Restricted Stock Units
[F1][F4]2026-02-16−23,081→ 243,637 total→ Common Stock (23,081 underlying)
Footnotes (4)
- [F1]Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock upon vesting.
- [F2]Shares withheld by the issuer to satisfy the mandatory tax withholding requirement upon vesting of RSUs previously granted to the reporting person. This is not an open market sale of securities.
- [F3]On February 16, 2024, the reporting person was granted 35,287 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 through each applicable vesting date.
- [F4]On February 16, 2024, the reporting person was granted 69,244 RSUs pursuant to the Issuer's Amended and Restated 2019 Omnibus Incentive Compensation Plan, vesting 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.
Signature
/s/ Sofia Chernylo, by power of attorney|2026-02-18