Form 4 for PSTL Postal Realty Trust, Inc.
Accepted 2022-06-14 00:00:00 ET · period of report 2022-06-10 · accession 0001628280-22-017151 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-06-14 | 2022-06-13 | PSTL | Gural-Senders Jane | Dir | P - Purchase | $14.68 | +1,000 | 14.4K | +7% | +$14.7K |
| DM | 2022-06-14 | 2022-06-10 | PSTL | Gural-Senders Jane | Dir | A - Grant | $7.70 | +6,235 | 11.0K | +132% | +$48.0K |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A common stock | 2022-06-13 | P | A | 1,000 | $14.68 | 14,419 | D | — | — | |
| 2 | Derivative | LTIP Units | 2022-06-10 | A | A | 3,054 | $15.72 | 7,790 | D | — · — to — | 3,054 Class A common stock | (F2) Following the occurrence of certain events and upon vesting, the LTIP Units are convertible 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 Postal Realty Trust, Inc. (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. (F1) The LTIP Units are a class of limited partnership units of Postal Realty LP (the "Operating Partnership"). (F3) 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 10, 2022, subject to certain conditions. (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 10, 2022, which was $15.7165. |
| 3 | Derivative | LTIP Units | 2022-06-10 | A | A | 3,181 | $0.00 | 10,971 | D | — · — to — | 3,181 Class A common stock | (F2) Following the occurrence of certain events and upon vesting, the LTIP Units are convertible 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 Postal Realty Trust, Inc. (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. (F5) The LTIP Units will vest ratably on the first, second and third anniversaries of June 10, 2022, subject to continued service on the Issuer's board of directors through the applicable vesting date. (F1) The LTIP Units are a class of limited partnership units of Postal Realty LP (the "Operating Partnership"). |