Matt Brandwein - 29 Jan 2026 Form 4 Insider Report for Postal Realty Trust, Inc. (PSTL)

Signature
/s/ Joseph Antignani, attorney-in-fact
Issuer symbol
PSTL
Transactions as of
29 Jan 2026
Net transactions value
+$94,900
Form type
4
Filing time
02 Feb 2026, 21:06:32 UTC
Previous filing
11 Sep 2025
Next filing
04 Feb 2026

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Brandwein Matt EVP & Chief Accounting Officer C/O POSTAL REALTY TRUST, INC., 75 COLUMBIA AVENUE, CEDARHURST /s/ Joseph Antignani, attorney-in-fact 02 Feb 2026 0001777120

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PSTL Class A common stock Options Exercise $0 +5,900 +5.5% $0.000000 113,819 29 Jan 2026 Direct F1, F2
transaction PSTL Class A common stock Tax liability $43,451 -2,459 -2.2% $17.67 111,360 29 Jan 2026 Direct F3
transaction PSTL Class A common stock Award $84,370 +4,763 +4.3% $17.71 116,123 01 Feb 2026 Direct F4, F5
transaction PSTL Class A common stock Award $0 +4,763 +4.1% $0.000000 120,886 01 Feb 2026 Direct F6
transaction PSTL Class A common stock Award $0 +2,350 +1.9% $0.000000 123,236 01 Feb 2026 Direct F7
transaction PSTL Class A common stock Tax liability $30,389 -1,667 -1.4% $18.23 121,569 01 Feb 2026 Direct F8

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 $0 -4,792 -27% $0.000000 12,634 29 Jan 2026 Class A common stock 4,792 Direct F1, F9
transaction PSTL LTIP Units Award $84,370 +4,763 +26% $17.71 22,964 01 Feb 2026 Class A common stock 4,763 Direct F10, F11, F12, F13
transaction PSTL LTIP Units Award $0 +4,763 +21% $0.000000 27,727 01 Feb 2026 Class A common stock 4,763 Direct F10, F11, F14
transaction PSTL Restricted Stock Units Award $0 +5,744 +45% $0.000000 18,378 01 Feb 2026 Class A common stock 5,744 Direct F15, F16
transaction PSTL LTIP Units Award $0 +2,350 +8.5% $0.000000 30,077 01 Feb 2026 Class A common stock 2,350 Direct F10, F11, F17
* 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 2, 2023, the Reporting Person was granted 4,792 performance-based restricted stock units (the "2023 RSUs"), and, depending on the level of achievement of certain performance-based hurdles during the three-year performance period ended on December 31, 2025 (the "Measurement Period"), the actual number of 2023 RSUs earned could range from 0% to 200% of Target 2023 RSUs. On January 29, 2026, 5,900 2023 RSUs, equating to 123.1% of Target 2023 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 2023 RSUs with respect to these shares.
F2 In accordance with the Issuer's 2019 Equity Incentive Plan, as amended (the "Plan"), the 2023 RSUs convert into the Issuer's Class A common stock on a one-for-one basis.
F3 Reflects shares of the Issuer's Class A common stock withheld to satisfy a tax withholding obligation in connection with the vesting of 2023 RSU's reported herein.
F4 Reflects the right to receive shares of the Issuer's Class A common stock in lieu of cash compensation, all of which vested immediately.
F5 The shares of the Issuer's Class A common stock 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 February 1, 2026, which was $17.7136
F6 Reflects restricted share grants of the Issuer's Class A common stock that vest on the eighth anniversary of February 1, 2026, subject to certain conditions.
F7 Reflects a grant of restricted shares of the Issuer's Class A common stock that vest ratably on the first, second and third anniversaries of February 1, 2026, subject to the Reporting Person's continued service as an employee through the applicable vesting date.
F8 Reflects shares of the Issuer's Class A common stock withheld to satisfy a tax withholding obligation in connection with the vesting of restricted stock awards granted to the reporting person on January 31, 2023, February 12, 2024 and January 31, 2025.
F9 Each RSU represents a contingent right to receive shares of the Issuer's Class A common stock.
F10 Following the occurrence of certain events and upon vesting, the LTIP Units are convertible into an equivalent number of limited partnership units ("OP Units") of Postal Realty LP (the "Operating Partnership"). 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.
F11 The LTIP Units are a class of limited partnership units of the Operating Partnership.
F12 Reflects LTIP Unit grants in lieu of cash compensation, all of which vested immediately.
F13 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 February 1, 2026, which was $17.7136
F14 Reflects LTIP Unit grants in lieu of cash compensation that vest on the eighth anniversary of February 1, 2026, subject to certain conditions.
F15 The Reporting Person may earn between 0% and 200%, inclusive, of the Restricted Stock Units granted herein (the "2026 RSUs").
F16 The 2026 RSUs are market-based awards that 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, 2028. Upon vesting, the 2026 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 2026 RSUs were initially granted.
F17 The LTIP Units will vest ratably on the first, second and third anniversaries of February 1, 2026, subject to continued employment with the Issuer.