Matt Brandwein - 31 Jan 2025 Form 4 Insider Report for Postal Realty Trust, Inc. (PSTL)

Signature
/s/ Matt Brandwein
Issuer symbol
PSTL
Transactions as of
31 Jan 2025
Net transactions value
+$167,796
Form type
4
Filing time
04 Feb 2025, 19:51:57 UTC
Previous filing
03 Jan 2025
Next filing
27 Feb 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PSTL Class A common stock Award $0 +2,850 +2.4% $0.000000 121,622 31 Jan 2025 Direct F1
transaction PSTL Class A common stock Award $99,993 +7,675 +6.3% $13.03 129,297 31 Jan 2025 Direct F2, F3
transaction PSTL Class A common stock Award $0 +7,675 +5.9% $0.000000 136,972 31 Jan 2025 Direct F4
transaction PSTL Class A common stock Tax liability $32,203 -2,447 -1.8% $13.16 134,525 03 Feb 2025 Direct F5

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 $100,006 +7,676 $13.03 7,676 31 Jan 2025 Class A common stock 7,676 Direct F6, F7, F8, F9
transaction PSTL LTIP Units Award $0 +7,676 +100% $0.000000 15,352 31 Jan 2025 Class A common stock 7,676 Direct F7, F8, F10
transaction PSTL LTIP Units Award $0 +2,849 +19% $0.000000 18,201 31 Jan 2025 Class A common stock 2,849 Direct F7, F8, F11
transaction PSTL Restricted Stock Units Disposed to Issuer $0 -3,750 -27% $0.000000 10,395 31 Jan 2025 Class A common stock 3,750 Direct F12
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects a grant of restricted shares of Postal Realty Trust Inc's (the "Issuer") Class A common stock that vest ratably on the first, second and third anniversaries of February 1, 2025, subject to the Reporting Person's continued service as an employee through the applicable vesting date.
F2 Reflects the right to receive shares of the Issuer's Class A common stock in lieu of cash compensation that vested 100% on the date of grant.
F3 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, 2025, which was $13.0284.
F4 Reflects restricted share grants of the Issuer's Class A common stock that vest on the eighth anniversary of February 1, 2025, subject to certain conditions.
F5 Reflects shares of Issuer's Class A common stock withheld to satisfy a tax withholding obligation in connection with the vesting of a restricted stock award granted to the reporting person on each of January 31, 2022; January 31, 2023; and February 12, 2024.
F6 Reflects LTIP Unit grants in lieu of cash compensation, all of which vested immediately.
F7 The LTIP Units are a class of limited partnership units of the Operating Partnership.
F8 Following the occurrence of certain events and upon vesting, the LTIP Units are convertible into an equivalent number of limited partnership units of Postal Realty LP (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.
F9 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, 2025, which was $13.0284.
F10 Reflects LTIP Units that vest on the eighth anniversary of February 1, 2025, subject to certain conditions.
F11 The LTIP Units will vest ratably on the first, second and third anniversaries of February 1, 2025, subject to continued employment with the Issuer.
F12 Represents the forfeiture of all performance-based RSU's granted to the reporting person on January 31, 2022 due to certain performance-based hurdles related to the Issuer's absolute total stockholder return not being achieved.