Form 4 for PSTL Postal Realty Trust, Inc.
Accepted 2025-02-04 00:00:00 ET · period of report 2025-01-31 · accession 0001628280-25-003888 · 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 | 2025-02-04 | 2025-02-03 | PSTL | Garber Jeremy | Pres, Treas, Sec | F - Tax | $13.16 | -3,806 | 234.1K | -2% | -$50.1K |
| D | 2025-02-04 | 2025-01-31 | PSTL | Garber Jeremy | Pres, Treas, Sec | A - Grant | $0.00 | +16.3K | 237.9K | +7% | $0 |
| D | 2025-02-04 | 2025-01-31 | PSTL | Garber Jeremy | Pres, Treas, Sec | D - Sale to Iss | $0.00 | -12.3K | 30.5K | -29% | $0 |
| D | 2025-02-04 | 2025-01-31 | PSTL | Garber Jeremy | Pres, Treas, Sec | A - Grant | $13.03 | +90.9K | 217.9K | +72% | +$1.18M |
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 | 2025-02-03 | F | D | 3,806 | $13.16 | 234,059 | D | — | — | (F1) Reflects a grant of restricted shares of Postal Realty Trust, Inc.'s (the "Issuer") Class A common stock that vest ratably on the first, second and third anniversaries of February 1, 2025, subject to the Reporting Person's continued service as an employee through the applicable vesting date. (F2) Reflects shares of the Issuer's Class A common stock withheld to satisfy a tax withholding obligation in connection with the vesting of a restricted stock awards granted to the reporting person on January 31, 2023 and February 12, 2024. |
| 2 | Common | Class A common stock | 2025-01-31 | A | A | 16,320 | $0.00 | 237,865 | D | — | — | (F1) Reflects a grant of restricted shares of Postal Realty Trust, Inc.'s (the "Issuer") Class A common stock that vest ratably on the first, second and third anniversaries of February 1, 2025, subject to the Reporting Person's continued service as an employee through the applicable vesting date. |
| 3 | Derivative | Restricted Stock Units | 2025-01-31 | D | D | 12,267 | $0.00 | 30,485 | D | — · — to — | 12,267 Class A common stock | (F7) Represents the forfeiture of all performance-based RSU's granted to the reporting person on January 31, 2022 due to certain performance-based hurdles related to the Issuer's absolute total stockholder return not being achieved. |
| 4 | Derivative | LTIP Units | 2025-01-31 | A | A | 90,909 | $13.03 | 217,888 | D | — · — to — | 90,909 Class A common stock | (F3) Reflects LTIP Unit grants in lieu of cash compensation that vest on the eighth anniversary of February 1, 2025, subject to certain conditions. (F4) The LTIP Units are a class of limited partnership units of Postal Realty LP (the "Operating Partnership"). (F5) Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by 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. (F6) 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 January 31, 2025, which was $13.0284. |