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

Role
CEO and Director, Director, 10%+ Owner
Signature
/s/ Andrew Spodek
Stock symbol
PSTL
Transactions as of
Jan 31, 2025
Transactions value $
$2,583,988
Form type
4
Date filed
2/4/2025, 07:51 PM
Previous filing
Dec 19, 2024
Next filing
Feb 27, 2025
SEC
View on sec.gov

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 $2.58M +198K +26.1% $13.03 958K Jan 31, 2025 Class A common stock 198K Direct F1, F2, F3, F4
transaction PSTL LTIP Units Award +21K +2.19% 979K Jan 31, 2025 Class A common stock 21K Direct F2, F3, F5
transaction PSTL Restricted Stock Units Disposed to Issuer $0 -17.5K -28.69% $0.00 43.6K Jan 31, 2025 Class A common stock 17.5K Direct F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Reflects LTIP Unit grants in lieu of cash compensation that vest on the eighth anniversary of February 1, 2025, subject to certain conditions.
F2 Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by the Issuer into an equivalent number of units of 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.
F3 The LTIP Units are a class of limited partnership units of Postal Realty LP (the "Operating Partnership").
F4 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 January 31, 2025, which was $13.0284.
F5 The LTIP Units will vest ratably on the first, second and third anniversaries of February 1, 2025, subject to continued employment with the Issuer.
F6 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.