Form 4 for PSTL Postal Realty Trust, Inc.
Accepted 2025-07-03 00:00:00 ET · period of report 2025-07-01 · accession 0001628280-25-034189 · 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 | 2025-07-03 | 2025-07-01 | PSTL | Klein Robert B | Principal Financial Off | D - Sale to Iss | $0.00 | -18.5K | 40.7K | -31% | $0 |
| DM | 2025-07-03 | 2025-07-01 | PSTL | Klein Robert B | Principal Financial Off | D - Sale to Iss | $0.00 | -153.3K | 0 | -100% | $0 |
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 | 2025-07-01 | D | D | 18,460 | $0.00 | 40,747 | D | — | — | (F1) Represents awards automatically forfeited and cancelled due to the Reporting Person's resignation as Chief Financial Officer of the Company effective June 18, 2025 and pursuant to the terms of the Transition and Separation Agreement, dated June 18, 2025, between the Issuer and the Reporting Person (the "Transition Agreement"). (F2) Not applicable. (F3) Represents the sum of (i) 12,747 shares that the Reporting Person beneficially owns as of the date hereof and (ii) 28,000 restricted stock awards which are currently unvested as of the date hereof, but which, pursuant to the terms of the Transition Agreement, can be accelerated by the Company if Mr. Klein fully complies with the terms of the Transition Agreement. |
| 2 | Derivative | LTIP Units | 2025-07-01 | D | D | 7,244 | $0.00 | 12,952 | D | — · — to — | 7,244 Class A common stock | (F4) The LTIP Units are a class of limited partnership units of Postal Realty LP (the "Operating Partnership"). (F1) Represents awards automatically forfeited and cancelled due to the Reporting Person's resignation as Chief Financial Officer of the Company effective June 18, 2025 and pursuant to the terms of the Transition and Separation Agreement, dated June 18, 2025, between the Issuer and the Reporting Person (the "Transition Agreement"). (F2) Not applicable. (F5) Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by Postal Realty Trust, Inc. (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. (F9) The LTIP Units were scheduled to vest ratably on each of February 1, 2026, and February 1, 2027, subject to continued employment with the Issuer. |
| 3 | Derivative | Restricted Stock Units | 2025-07-01 | D | D | 11,359 | $0.00 | 29,264 | D | — · — to — | 11,359 Class A common stock | (F11) The RSUs are market-based awards and are subject to and were scheduled to vest upon achievement of certain performance-based hurdles and continued employment with the Issuer during the three-year performance period ending on December 31, 2025. (F1) Represents awards automatically forfeited and cancelled due to the Reporting Person's resignation as Chief Financial Officer of the Company effective June 18, 2025 and pursuant to the terms of the Transition and Separation Agreement, dated June 18, 2025, between the Issuer and the Reporting Person (the "Transition Agreement"). (F2) Not applicable. |
| 4 | Derivative | Restricted Stock Units | 2025-07-01 | D | D | 13,284 | $0.00 | 15,980 | D | — · — to — | 13,284 Class A common stock | (F12) The RSUs are market-based awards and are subject to and were scheduled to vest upon achievement of certain performance-based hurdles and continued employment with the Issuer during the three-year performance period ending on December 31, 2026. (F1) Represents awards automatically forfeited and cancelled due to the Reporting Person's resignation as Chief Financial Officer of the Company effective June 18, 2025 and pursuant to the terms of the Transition and Separation Agreement, dated June 18, 2025, between the Issuer and the Reporting Person (the "Transition Agreement"). (F2) Not applicable. |
| 5 | Derivative | LTIP Units | 2025-07-01 | D | D | 3,785 | $0.00 | 20,196 | D | — · — to — | 3,785 Class A common stock | (F4) The LTIP Units are a class of limited partnership units of Postal Realty LP (the "Operating Partnership"). (F1) Represents awards automatically forfeited and cancelled due to the Reporting Person's resignation as Chief Financial Officer of the Company effective June 18, 2025 and pursuant to the terms of the Transition and Separation Agreement, dated June 18, 2025, between the Issuer and the Reporting Person (the "Transition Agreement"). (F2) Not applicable. (F5) Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by Postal Realty Trust, Inc. (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. (F8) The LTIP Units were scheduled to vest on February 1, 2026, subject to continued employment with the Issuer. |
| 6 | Derivative | LTIP Units | 2025-07-01 | D | D | 43,038 | $0.00 | 23,981 | D | — · — to — | 43,038 Class A common stock | (F4) The LTIP Units are a class of limited partnership units of Postal Realty LP (the "Operating Partnership"). (F1) Represents awards automatically forfeited and cancelled due to the Reporting Person's resignation as Chief Financial Officer of the Company effective June 18, 2025 and pursuant to the terms of the Transition and Separation Agreement, dated June 18, 2025, between the Issuer and the Reporting Person (the "Transition Agreement"). (F2) Not applicable. (F5) Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by Postal Realty Trust, Inc. (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. (F7) Reflects LTIP Unit grants in lieu of cash compensation which were scheduled to vest on the eighth anniversary of February 1, 2024, subject to certain conditions. |
| 7 | Derivative | LTIP Units | 2025-07-01 | D | D | 45,698 | $0.00 | 67,019 | D | — · — to — | 45,698 Class A common stock | (F4) The LTIP Units are a class of limited partnership units of Postal Realty LP (the "Operating Partnership"). (F1) Represents awards automatically forfeited and cancelled due to the Reporting Person's resignation as Chief Financial Officer of the Company effective June 18, 2025 and pursuant to the terms of the Transition and Separation Agreement, dated June 18, 2025, between the Issuer and the Reporting Person (the "Transition Agreement"). (F2) Not applicable. (F5) Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by Postal Realty Trust, Inc. (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) Reflects LTIP Unit grants in lieu of cash compensation which were scheduled to vest on the eighth anniversary of February 1, 2023, subject to certain conditions. |
| 8 | Derivative | LTIP Units | 2025-07-01 | D | D | 12,952 | $0.00 | 0 | D | — · — to — | 12,952 Class A common stock | (F4) The LTIP Units are a class of limited partnership units of Postal Realty LP (the "Operating Partnership"). (F1) Represents awards automatically forfeited and cancelled due to the Reporting Person's resignation as Chief Financial Officer of the Company effective June 18, 2025 and pursuant to the terms of the Transition and Separation Agreement, dated June 18, 2025, between the Issuer and the Reporting Person (the "Transition Agreement"). (F2) Not applicable. (F5) Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by Postal Realty Trust, Inc. (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. (F10) The LTIP Units were scheduled to vest ratably on each of February 1, 2026, February 1, 2027 and February 1, 2028, subject to continued employment with the Issuer. |
| 9 | Derivative | Restricted Stock Units | 2025-07-01 | D | D | 15,980 | $0.00 | 0 | D | — · — to — | 15,980 Class A common stock | (F13) The RSUs are market-based awards and are subject to and were scheduled to vest upon achievement of certain performance-based hurdles and continued employment with the Issuer during the three-year performance period ending on December 31, 2027. (F1) Represents awards automatically forfeited and cancelled due to the Reporting Person's resignation as Chief Financial Officer of the Company effective June 18, 2025 and pursuant to the terms of the Transition and Separation Agreement, dated June 18, 2025, between the Issuer and the Reporting Person (the "Transition Agreement"). (F2) Not applicable. |