Donahoe Patrick R 4

4 · Postal Realty Trust, Inc. · Filed Jun 4, 2026

AI-generated summary of this filing

Updated Jun 4, 2026

Postal Realty (PSTL) Director Patrick Donahoe Receives LTIP Award

What Happened

Patrick R. Donahoe, a director of Postal Realty Trust, Inc. (PSTL), received two awards of LTIP units on June 2, 2026: 9,381 LTIP units and 3,198 LTIP units (total 12,579 units). The grants are reported as derivative awards (transaction code A — award/grant).
The filing values the LTIP units using the 10-day VWAP of PSTL Class A common stock ($23.4503), implying an aggregate value of about $295,000. One grant is reported with an acquisition price of $0.00 (award in lieu of cash).

Key Details

Transaction date: 2026-06-02; Form 4 filed 2026-06-04 (timely).
Grants: 9,381 LTIP units (derivative) and 3,198 LTIP units (derivative); combined = 12,579 units.
Valuation: VWAP $23.4503 (10 trading days through 6/2/2026) → implied value ≈ $294,981.
Shares/units owned after transaction: Not specified in this filing.
Footnotes of the filing:
- These are LTIP Units (limited partnership units of Postal Realty LP) granted in lieu of cash compensation.
- LTIP Units are convertible by the issuer into an equivalent number of Operating Partnership (OP) units; OP units are redeemable for cash or, at the issuer’s election, Class A common stock on a one-for-one basis.
- LTIP Units vest ratably over three years (first, second and third anniversaries of June 2, 2026), subject to continued service; some language notes vesting tied to the third anniversary—see filing for full conditions.
- LTIP Units do not expire.

Context

This is an award of long-term incentive (LTIP) units, not an open-market purchase or sale of Class A shares. Derivative awards like these are common compensation for directors and do not necessarily indicate immediate buying or selling of the company’s stock.
The units vest over time and are convertible/redeemable for cash or stock later, so any future impact on share count or insider ownership will depend on conversion/redemption and subsequent sales.

Form 4

Period: 2026-06-02

Director

Transactions

Award
LTIP Units
[F1][F2][F3][F4]
2026-06-02+9,381→ 82,644 total
→ Class A common stock (9,381 underlying)
Award
LTIP Units
[F1][F3][F5]
2026-06-02+3,198→ 85,842 total
→ Class A common stock (3,198 underlying)

Footnotes (5)

[F1]Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by Postal Realty Trust, Inc. (the "Issuer") into an equivalent number of units of the Operating Partnership ("OP Units"). OP Units are redeemable by the Reporting Person for cash or, at the election of the Issuer, shares of Class A common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates.
[F2]Reflects LTIP Unit grants in lieu of cash compensation pursuant to the Issuer's Alignment of Interest Program that vest on the third anniversary of June 2, 2026, subject to certain conditions.
[F3]The LTIP Units are a class of limited partnership units of Postal Realty LP.
[F4]The LTIP Units were granted in lieu of cash compensation. The price of the securities acquired by the Reporting Person is based on the volume weighted average price of the Issuer's Class A common stock for the 10 trading days immediately preceding June 2, 2026, which was $23.4503.
[F5]The LTIP Units will vest ratably on the first, second and third anniversaries of June 2, 2026, subject to continued service on the Issuer's board of directors through the applicable vesting date.

Signature

/s/ Joseph Antignani, attorney-in-fact|2026-06-04

1 file