Barry Lefkowitz - 10 Jun 2022 Form 4 Insider Report for Postal Realty Trust, Inc. (PSTL)

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
14 Jun 2022, 16:52:18 UTC
Prior SEC filing
22 Jun 2021
Next SEC filing
13 Jun 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Jie Chai, attorney-in-fact

Key filing fact

Barry Lefkowitz filed Form 4 for Postal Realty Trust, Inc. (PSTL) on 14 Jun 2022.

Key facts

  • This page summarizes Barry Lefkowitz's Form 4 filing for Postal Realty Trust, Inc. (PSTL).
  • 2 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 14 Jun 2022, 16:52.

Change

  • Previous filing in this sequence was filed on 22 Jun 2021.
  • Current net transaction value: +$79,997.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

PSTL transaction Derivative

LTIP Units

Award

Transaction value
$79,997
Shares
+5,090
Change %
+81%
Price
$15.72
Shares after
11,372
Date
10 Jun 2022
Ownership
Direct
Underlying class
Class A common stock
Underlying amount
5,090
Exercise price
Footnotes
F1, F2, F3, F4
PSTL transaction Derivative

LTIP Units

Award

Transaction value
$0
Shares
+3,181
Change %
+28%
Price
$0.000000
Shares after
14,553
Date
10 Jun 2022
Ownership
Direct
Underlying class
Class A common stock
Underlying amount
3,181
Exercise price
Footnotes
F1, F2, F5
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

The LTIP Units are a class of limited partnership units of Postal Realty LP (the "Operating Partnership").

Footnote F2

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.

Footnote 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 10, 2022, subject to certain conditions.

Footnote 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 10, 2022, which was $15.7165.

Footnote F5

The LTIP Units will vest ratably on the first, second and third anniversaries of June 10, 2022, subject to continued service on the Issuer's board of directors through the applicable vesting date.

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