Jane Gural-Senders - Jun 18, 2021 Form 4 Insider Report for Postal Realty Trust, Inc. (PSTL)

Role
Director
Signature
/s/ Jie Chai, attorney-in-fact
Stock symbol
PSTL
Transactions as of
Jun 18, 2021
Transactions value $
$47,996
Form type
4
Date filed
6/22/2021, 05:00 PM
Next filing
Jun 14, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PSTL LTIP Units Award $48K +2.32K $20.69 2.32K Jun 18, 2021 Class A Common Stock 2.32K Direct F1, F2, F3, F4
transaction PSTL LTIP Units Award $0 +2.42K $0.00 2.42K Jun 18, 2021 Class A Common Stock 2.42K Direct F1, F2, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The LTIP Units are a class of limited partnership units of Postal Realty LP (the "Operating Partnership").
F2 Following the occurrence of certain events and upon vesting, the LTIP Units are convertible 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 Postal Realty Trust, Inc. (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.
F3 Reflects LTIP Unit grants in lieu of cash compensation pursuant to the Issuer's Alignment of Interest Program that vest on the third anniversary of June 18, 2021, subject to certain conditions.
F4 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 June 18, 2021, which was $20.688.
F5 The LTIP Units will vest ratably on the first, second and third anniversaries of June 18, 2021, subject to continued service on the Issuer's board of directors through the applicable vesting date.

Remarks:

Exhibit 24.1 - Power of Attorney