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

Signature
/s/ Matt Brandwein
Stock symbol
PSTL
Transactions as of
Jan 31, 2025
Transactions value $
$167,796
Form type
4
Date filed
2/4/2025, 07:51 PM
Previous filing
Jan 3, 2025
Next filing
Feb 27, 2025

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PSTL Class A common stock Award $0 +2.85K +2.4% $0.00 122K Jan 31, 2025 Direct F1
transaction PSTL Class A common stock Award $100K +7.68K +6.31% $13.03 129K Jan 31, 2025 Direct F2, F3
transaction PSTL Class A common stock Award $0 +7.68K +5.94% $0.00 137K Jan 31, 2025 Direct F4
transaction PSTL Class A common stock Tax liability -$32.2K -2.45K -1.79% $13.16 135K Feb 3, 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 $100K +7.68K $13.03 7.68K Jan 31, 2025 Class A common stock 7.68K Direct F6, F7, F8, F9
transaction PSTL LTIP Units Award $0 +7.68K +100% $0.00 15.4K Jan 31, 2025 Class A common stock 7.68K Direct F7, F8, F10
transaction PSTL LTIP Units Award $0 +2.85K +18.56% $0.00 18.2K Jan 31, 2025 Class A common stock 2.85K Direct F7, F8, F11
transaction PSTL Restricted Stock Units Disposed to Issuer $0 -3.75K -26.51% $0.00 10.4K Jan 31, 2025 Class A common stock 3.75K 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.