Key facts
- This page summarizes Robert B. Klein's Form 4 filing for Postal Realty Trust, Inc. (PSTL).
- 3 reported transactions and 3 derivative rows are listed below.
- Accepted by SEC: 02 Feb 2023, 18:41.
Robert B. Klein - 31 Jan 2023 Form 4 Insider Report for Postal Realty Trust, Inc. (PSTL)
- Reporting relationship
- Chief Financial Officer
- Issuer ticker
- PSTL
- Reported as of
- 31 Jan 2023
- Net transaction value
- +$691,452
- SEC form
- 4
- Accepted by SEC
- 02 Feb 2023, 18:41:16 UTC
- Prior SEC filing
- 04 Jan 2023
- Next SEC filing
- 09 Jun 2023
- Source filing
- View source filing
- Reporting owner signature
- /s/ Jie Chai, attorney-in-fact
Source evidence
Original filing metadata and source links for verification.
5 source fields
Reporting owner
1 detail
Key filing fact
Robert B. Klein filed Form 4 for Postal Realty Trust, Inc. (PSTL) on 02 Feb 2023.
Change
- Previous filing in this sequence was filed on 04 Jan 2023.
- Current net transaction value: +$691,452.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
PSTL
transaction
Derivative
LTIP Units
Award
- Transaction value
- $691,452
- Shares
- +45,698
- Change %
- Price
- $15.13
- Shares after
- 45,698
- Date
- 31 Jan 2023
- Ownership
- Direct
- Underlying class
- Class A common stock
- Underlying amount
- 45,698
- Exercise price
- Footnotes
- F1, F2, F3, F4
PSTL
transaction
Derivative
LTIP Units
Award
- Transaction value
- Shares
- +11,359
- Change %
- +25%
- Price
- Shares after
- 57,057
- Date
- 31 Jan 2023
- Ownership
- Direct
- Underlying class
- Class A common stock
- Underlying amount
- 11,359
- Exercise price
- Footnotes
- F1, F2, F3, F4, F5
PSTL
transaction
Derivative
Restricted Stock Units
Award
- Transaction value
- Shares
- +11,359
- Change %
- +60%
- Price
- Shares after
- 30,341
- Date
- 31 Jan 2023
- Ownership
- Direct
- Underlying class
- Class A common stock
- Underlying amount
- 11,359
- Exercise price
- Footnotes
- F6, F7
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 7 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 that vest on the eighth anniversary of February 1, 2023, 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 average price of the Issuer's Class A common stock for the 10 trading days immediately preceding January 31, 2023, which was $15.1309.
Footnote F5
The LTIP Units will vest ratably on the first, second and third anniversaries of February 1, 2023, subject to continued employment with the Issuer.
Footnote F6
The Reporting Person may earn up to 200% of the RSUs granted.
Footnote F7
The RSUs are market-based awards and 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, 2025. Upon vesting, the 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 RSUs were initially granted.