Andrew Spodek - Feb 2, 2024 Form 4 Insider Report for Postal Realty Trust, Inc. (PSTL)

Role
CEO and Director, Director, 10%+ Owner
Signature
/s/ Jie Chai, attorney-in-fact.
Stock symbol
PSTL
Transactions as of
Feb 2, 2024
Transactions value $
-$55,728
Form type
4
Date filed
2/6/2024, 07:16 PM
Previous filing
Sep 28, 2023
Next filing
Feb 14, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PSTL Class A common stock Options Exercise +9.48K +1.47% 655K Feb 2, 2024 Direct F1, F2
transaction PSTL Class A common stock Tax liability -$55.7K -3.92K -0.6% $14.22 651K Feb 2, 2024 Direct F2
holding PSTL Class A common stock 228K Feb 2, 2024 By Spodek 2016 Family Trust

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 Restricted Stock Units Options Exercise -19K -33.5% 37.6K Feb 2, 2024 Class A common stock 19K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 As previously reported, on February 11, 2021, the Reporting Person was granted 18,954 performance-based restricted stock units (the "RSUs"), and, depending on the level of achievement of certain performance-based hurdles during the three-year performance period ended on December 31, 2023 (the "Measurement Period"), the actual number of RSUs earned could range from 50% to 150% of the target RSUs. On February 2, 2024, 9,477 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 RSUs with respect to these shares.
F2 In accordance with the Issuer's 2019 Equity Incentive Plan (the "Plan"), Performance Units (as defined in the Plan) convert into the Issuer's Class A common stock on a one-for-one basis.
F3 Each RSU represents a contingent right to receive shares of the Issuer's Class A common stock.