Patricia M. Gibbs - 28 Feb 2023 Form 4 Insider Report for NETSTREIT Corp. (NTST)

Role
Senior Vice President, Chief Accounting Officer
Signature
/s/ Patricia M. Gibbs (formerly McBratney), by power of attorney
Issuer symbol
NTST
Transactions as of
28 Feb 2023
Net transactions value
-$6,077
Form type
4
Filing time
02 Mar 2023, 15:04:48 UTC
Previous filing
19 Aug 2022
Next filing
10 Mar 2023
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction NTST Common Stock Options Exercise $0 +844 +17% $0.000000 5,838 28 Feb 2023 Direct F1
transaction NTST Common Stock Tax liability $4,159 -206 -3.5% $20.19 5,632 28 Feb 2023 Direct F2
transaction NTST Common Stock Options Exercise $0 +387 +6.9% $0.000000 6,019 28 Feb 2023 Direct F1
transaction NTST Common Stock Tax liability $1,918 -95 -1.6% $20.19 5,924 28 Feb 2023 Direct F2

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 NTST Restricted Stock Units Options Exercise $0 -844 -33% $0.000000 1,690 28 Feb 2023 Common Stock 844 Direct F1, F3
transaction NTST Restricted Stock Units Options Exercise $0 -387 -33% $0.000000 777 28 Feb 2023 Common Stock 387 Direct F1, F4
transaction NTST Restricted Stock Units Award $0 +3,015 $0.000000 3,015 28 Feb 2023 Common Stock 3,015 Direct F1, F5
transaction NTST Restricted Stock Units Award $0 +1,035 $0.000000 1,035 28 Feb 2023 Common Stock 1,035 Direct F1, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock.
F2 Shares withheld by the issuer to satisfy the mandatory tax withholding requirement upon vesting of restricted stock units previously granted to the reporting person. This is not an open market sale of securities.
F3 On February 28, 2022, the reporting person was granted 2,534 RSUs pursuant to the Issuer's 2019 Omnibus Incentive Compensation Plan, vesting in substantially equal installments on each of the first three anniversaries of the grant date, generally subject to continued service as an officer through each applicable vesting date.
F4 On February 28, 2022, the reporting person was granted 1,164 RSUs in lieu of cash compensation pursuant to the Issuer's Alignment of Interest Program. The RSUs vest in substantially equal installments on each of the first three anniversaries of the grant date, generally subject to continued service as an officer throughout each applicable vesting date.
F5 On February 28, 2023, the reporting person was granted 3,015 RSUs pursuant to the Issuer's 2019 Omnibus Incentive Compensation Plan, vesting in substantially equal installments on each of the first three anniversaries of the grant date, generally subject to continued service as an officer through each applicable vesting date.
F6 On February 28, 2023, the reporting person was granted 1,035 RSUs in lieu of cash compensation pursuant to the Issuer's Alignment of Interest Program. The RSUs vest in substantially equal installments on each of the first three anniversaries of the grant date, generally subject to continued service as an officer throughout each applicable vesting date.

Remarks:

Senior Vice President, Chief Accounting Officer