Form 4 for PSTL Postal Realty Trust, Inc.
Accepted 2026-02-02 00:00:00 ET · period of report 2026-01-29 · accession 0001628280-26-004760 · 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 | 2026-02-02 | 2026-01-29 | PSTL | Spodek Andrew | CEO, Dir, 10% | F - Tax | $17.67 | -9,485 | 29.3K | -24% | -$167.6K |
| D | 2026-02-02 | 2026-01-29 | PSTL | Spodek Andrew | CEO, Dir, 10% | M - OptEx | $0.00 | +24.7K | 38.8K | +175% | $0 |
| DM | 2026-02-02 | 2026-02-01 | PSTL | Spodek Andrew | CEO, Dir, 10% | A - Grant | $14.73 | +203.8K | 1.16M | +21% | +$3.00M |
| D | 2026-02-02 | 2026-01-29 | PSTL | Spodek Andrew | CEO, Dir, 10% | M - OptEx | $0.00 | -20.1K | 49.4K | -29% | $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 | 2026-01-29 | F | D | 9,485 | $17.67 | 29,346 | D | — | — | (F3) Reflects shares of the Issuer's Class A common stock withheld to satisfy a tax withholding obligation in connection with the vesting of 2023 RSU's reported herein. |
| 2 | Common | Class A common stock | 2026-01-29 | M | A | 24,736 | $0.00 | 38,831 | D | — | — | (F1) As previously reported, on February 2, 2023, the Reporting Person was granted 20,091 performance-based restricted stock units (the "2023 RSUs"), and, depending on the level of achievement of certain performance-based hurdles during the three-year performance period ended on December 31, 2025 (the "Measurement Period"), the actual number of 2023 RSUs earned could range from 0% to 200% of Target 2023 RSUs. On January 29, 2026, 24,736 2023 RSUs, equating to 123.1% of Target 2023 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 2023 RSUs with respect to these shares. (F2) In accordance with the Issuer's 2019 Equity Incentive Plan, as amended (the "Plan"), the 2023 RSUs convert into the Issuer's Class A common stock on a one-for-one basis. |
| 3 | Derivative | Restricted Stock Units | 2026-02-01 | A | A | 18,878 | $0.00 | 68,282 | D | — · — to — | 18,878 Class A common stock | (F10) The Reporting Person may earn between 0% and 200%, inclusive, of the Restricted Stock Units granted herein (the "2026 RSUs"). (F11) The 2026 RSUs are market-based awards that are subject to, and will vest upon, achievement of certain performance-based hurdles and continued employment with the Issuer during the three-year performance period ending on December 31, 2028. Upon vesting, the 2026 RSUs that vest will be settled in shares of the Issuer's Class A common stock and the Reporting Person will be entitled to receive the distributions that would have been paid with respect to each share of the Issuer's Class A common stock received upon settlement on or after the date the 2026 RSUs were initially granted. |
| 4 | Derivative | LTIP Units | 2026-02-01 | A | A | 169,431 | $17.71 | 1,148,627 | D | — · — to — | 169,431 Class A common stock | (F7) Following the occurrence of certain events and upon vesting, the LTIP Units are convertible into an equivalent number of limited partnership units ("OP Units") of Postal Realty LP (the "Operating Partnership"). 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 are a class of limited partnership units of the Operating Partnership. (F6) Reflects LTIP Unit grants in lieu of cash compensation that vest on the eighth anniversary of February 1, 2026, subject to certain conditions. (F9) 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 February 1, 2026 which was $17.7136 |
| 5 | Derivative | Restricted Stock Units | 2026-01-29 | M | D | 20,091 | $0.00 | 49,404 | D | — · — to — | 20,091 Class A common stock | (F1) As previously reported, on February 2, 2023, the Reporting Person was granted 20,091 performance-based restricted stock units (the "2023 RSUs"), and, depending on the level of achievement of certain performance-based hurdles during the three-year performance period ended on December 31, 2025 (the "Measurement Period"), the actual number of 2023 RSUs earned could range from 0% to 200% of Target 2023 RSUs. On January 29, 2026, 24,736 2023 RSUs, equating to 123.1% of Target 2023 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 2023 RSUs with respect to these shares. (F5) Each RSU represents a contingent right to receive shares of the Issuer's Class A common stock. |
| 6 | Derivative | LTIP Units | 2026-02-01 | A | A | 15,446 | $0.00 | 1,164,073 | D | — · — to — | 15,446 Class A common stock | (F7) Following the occurrence of certain events and upon vesting, the LTIP Units are convertible into an equivalent number of limited partnership units ("OP Units") of Postal Realty LP (the "Operating Partnership"). 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 are a class of limited partnership units of the Operating Partnership. (F12) The LTIP Units will vest ratably on the first, second and third anniversaries of February 1, 2026, subject to continued employment with the Issuer. |