Patricia M. Gibbs - 28 Feb 2024 Form 4 Insider Report for NETSTREIT Corp. (NTST)

Role
SVP, CAO
Signature
/s/ Patricia M. Gibbs
Issuer symbol
NTST
Transactions as of
28 Feb 2024
Net transactions value
-$13,476
Form type
4
Filing time
01 Mar 2024, 17:30:47 UTC
Previous filing
21 Feb 2024
Next filing
12 Mar 2024
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 +845 +9.6% $0.000000 9,663 28 Feb 2024 Direct F1
transaction NTST Common Stock Tax liability $4,419 -264 -2.7% $16.74 9,399 28 Feb 2024 Direct F2
transaction NTST Common Stock Options Exercise $0 +388 +4.1% $0.000000 9,787 28 Feb 2024 Direct F1
transaction NTST Common Stock Tax liability $2,026 -121 -1.2% $16.74 9,666 28 Feb 2024 Direct F2
transaction NTST Common Stock Options Exercise $0 +1,004 +10% $0.000000 10,670 28 Feb 2024 Direct F1
transaction NTST Common Stock Tax liability $5,240 -313 -2.9% $16.74 10,357 28 Feb 2024 Direct F2
transaction NTST Common Stock Options Exercise $0 +344 +3.3% $0.000000 10,701 28 Feb 2024 Direct F1
transaction NTST Common Stock Tax liability $1,791 -107 -1% $16.74 10,594 28 Feb 2024 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 -845 -50% $0.000000 845 28 Feb 2024 Common Stock 845 Direct F1, F3
transaction NTST Restricted Stock Units Options Exercise $0 -388 -50% $0.000000 389 28 Feb 2024 Common Stock 388 Direct F1, F4
transaction NTST Restricted Stock Units Options Exercise $0 -1,004 -33% $0.000000 2,011 28 Feb 2024 Common Stock 1,004 Direct F1, F5
transaction NTST Restricted Stock Units Options Exercise $0 -344 -33% $0.000000 691 28 Feb 2024 Common Stock 344 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 RSUs 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