Form 4 for PSTL Postal Realty Trust, Inc.
Accepted 2024-02-06 00:00:00 ET · period of report 2024-02-02 · accession 0001628280-24-003552 · 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 | 2024-02-06 | 2024-02-02 | PSTL | Klein Robert B | CFO | F - Tax | $14.22 | -2,039 | 55.6K | -4% | -$29.0K |
| D | 2024-02-06 | 2024-02-02 | PSTL | Klein Robert B | CFO | M - OptEx | — | +4,929 | 57.7K | +9% | — |
| D | 2024-02-06 | 2024-02-02 | PSTL | Klein Robert B | CFO | M - OptEx | — | -9,859 | 20.5K | -32% | — |
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 | F | D | 2,039 | $14.22 | 55,613 | 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. |
| 2 | Common | Class A common stock | 2024-02-02 | M | A | 4,929 | — | 57,652 | D | — | — | (F1) As previously reported, on February 11, 2021, the Reporting Person was granted 9,859 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, 4,929 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. |
| 3 | Derivative | Restricted Stock Units | 2024-02-02 | M | D | 9,859 | — | 20,482 | D | — · — to — | 9,859 Class A common stock | (F1) As previously reported, on February 11, 2021, the Reporting Person was granted 9,859 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, 4,929 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. (F3) Each RSU represents a contingent right to receive shares of the Issuer's Class A common stock. |