Donahoe Patrick R 4

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.