Form 4 for PSTL Postal Realty Trust, Inc.
Accepted 2022-02-02 00:00:00 ET · period of report 2022-01-31 · accession 0001839443-22-000007 · 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 | 2022-02-02 | 2022-01-31 | PSTL | Klein Robert B | CFO | A - Grant | — | 0 | 64.2K | New | — |
| D | 2022-02-02 | 2022-01-31 | PSTL | Klein Robert B | CFO | A - Grant | — | 0 | 19.0K | New | — |
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 | 2022-01-31 | A | A | 0 | $17.33 | 55,065 | D | — | — | (F1) Reflects a grant of restricted shares of Postal Realty Trust, Inc.'s (the "Issuer") Class A common stock that vest on the eighth anniversary of February 1, 2022, subject to certain conditions. (F2) The restricted share grants of the Issuer's Class A common stock were granted in lieu of cash compensation. The price of the securities acquired by the Reporting Person is based on the average price of the Issuer's Class A common stock for the 10 trading days immediately preceding January 31, 2022, which was $17.3327. |
| 2 | Common | Class A common stock | 2022-01-31 | A | A | 0 | $0.00 | 64,188 | D | — | — | (F3) Reflects a grant of restricted shares of the Issuer's Class A common stock that vest ratably on the first, second and third anniversaries of December 31, 2021, subject to the Reporting Person's continued service as an employee through the applicable vesting date. |
| 3 | Derivative | Restricted Stock Units | 2022-01-31 | A | A | 0 | $0.00 | 18,982 | D | — · — to — | 0 Class A common stock | (F4) The Reporting Person may earn up to 150% of the Restricted Stock Units granted. (F5) The Restricted Stock Units are market-based awards and are subject to and will vest upon achievement of performance-based hurdles relating to the Issuer's absolute total stockholder return and continued employment with the Issuer during the period from the grant date through December 31, 2024. Upon vesting, the Restricted Stock Units 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 Restricted Stock Units were initially granted. |