X0306 4 2020-03-20 0 0001759774 Postal Realty Trust, Inc. PSTL 0001777089 Spodek Andrew C/O POSTAL REALTY TRUST, INC. 75 COLUMBIA AVENUE CEDARHURST NY 11516 1 1 1 0 CEO and Director LTIP Units 2020-03-20 4 A 0 13708 0.00 A Class A Common Stock 13708 13708 D Restricted Stock Units 2020-03-20 4 A 0 20560 0.00 A Class A Common Stock 20560 20560 D The LTIP Units are a class of limited partnership units of Postal Realty, LP (the "Operating Partnership"). The LTIP Units will vest ratably on the first, second and third anniversaries of December 31, 2019, subject to continued employment with Postal Realty Trust, Inc. (the "Issuer"). 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, 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. The Reporting Person may earn up to 100% of the Restricted Stock Units granted. The Restricted Stock Units are market-based awards and are subject to and will vest upon achievement of performance-based hurdles relating to the Issuer's absolute total stockholder return and continued employment with the Issuer during the period from the grant date through December 31, 2022. Upon vesting, the Restricted Stock Units that vest will be settled in shares of 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 Class A common stock received upon settlement on or after the date the Restricted Stock Units were initially granted. /s/ Michael Fee, attorney-in-fact 2020-03-24