Form 4 for PSTL Postal Realty Trust, Inc.
Accepted 2024-02-06 00:00:00 ET · period of report 2024-02-02 · accession 0001628280-24-003551 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DM | 2024-02-06 | 2024-02-02 | PSTL | Brandwein Matt | SVP, CAO | A - Grant | $7.17 | +23.7K | 112.9K | +27% | +$170.0K |
| D | 2024-02-06 | 2024-02-02 | PSTL | Brandwein Matt | SVP, CAO | F - Tax | $14.22 | -882 | 89.2K | -1.0% | -$12.5K |
| D | 2024-02-06 | 2024-02-02 | PSTL | Brandwein Matt | SVP, CAO | M - OptEx | — | +1,621 | 90.1K | +2% | — |
| D | 2024-02-06 | 2024-02-02 | PSTL | Brandwein Matt | SVP, CAO | M - OptEx | — | -3,242 | 8,542 | -28% | — |
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 | 2024-02-02 | A | A | 11,846 | $14.35 | 101,079 | D | — | — | (F3) Reflects a grant of restricted shares of Class A common stock of the Issuer in lieu of cash compensation that vested 100% on the date of grant. (F4) 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 February 2, 2024, which was $14.3497. |
| 2 | Common | Class A common stock | 2024-02-02 | A | A | 11,846 | $0.00 | 112,925 | D | — | — | (F5) Reflects a grant of restricted shares of the Issuer's Class A common stock that vest on the eighth anniversary of February 1, 2024, subject to certain conditions. |
| 3 | Common | Class A common stock | 2024-02-02 | F | D | 882 | $14.22 | 89,233 | D | — | — | (F2) In accordance with the Issuer's 2019 Equity Incentive Plan (the "Plan"), Performance Units (as defined in the Plan) convert into the Issuer's Class A common stock on a one-for-one basis. |
| 4 | Common | Class A common stock | 2024-02-02 | M | A | 1,621 | — | 90,115 | D | — | — | (F1) As previously reported, on February 11, 2021, the Reporting Person was granted 3,242 performance-based restricted stock units (the "RSUs"), and, depending on the level of achievement of certain performance-based hurdles during the three-year performance period ended on December 31, 2023 (the "Measurement Period"), the actual number of RSUs earned could range from 50% to 150% of the target RSUs. On February 2, 2024, 1,621 RSUs vested based on the achievement of certain performance goals during the Measurement Period after the Corporate Governance and Compensation Committee of the Board of Directors of Postal Realty Trust, Inc. (the "Issuer") certified the Reporting Person's achievement relative to the applicable performance objectives during the Measurement Period and approved the vesting of the RSUs with respect to these shares. (F2) In accordance with the Issuer's 2019 Equity Incentive Plan (the "Plan"), Performance Units (as defined in the Plan) convert into the Issuer's Class A common stock on a one-for-one basis. |
| 5 | Derivative | Restricted Stock Units | 2024-02-02 | M | D | 3,242 | — | 8,542 | D | — · — to — | 3,242 Class A common stock | (F1) As previously reported, on February 11, 2021, the Reporting Person was granted 3,242 performance-based restricted stock units (the "RSUs"), and, depending on the level of achievement of certain performance-based hurdles during the three-year performance period ended on December 31, 2023 (the "Measurement Period"), the actual number of RSUs earned could range from 50% to 150% of the target RSUs. On February 2, 2024, 1,621 RSUs vested based on the achievement of certain performance goals during the Measurement Period after the Corporate Governance and Compensation Committee of the Board of Directors of Postal Realty Trust, Inc. (the "Issuer") certified the Reporting Person's achievement relative to the applicable performance objectives during the Measurement Period and approved the vesting of the RSUs with respect to these shares. (F6) Each RSU represents a contingent right to receive shares of the Issuer's Class A common stock. |