0001628280-24-004899.txt : 20240214
0001628280-24-004899.hdr.sgml : 20240214
20240214194932
ACCESSION NUMBER: 0001628280-24-004899
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240212
FILED AS OF DATE: 20240214
DATE AS OF CHANGE: 20240214
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Klein Robert B
CENTRAL INDEX KEY: 0001839443
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-38903
FILM NUMBER: 24641546
MAIL ADDRESS:
STREET 1: C/O POSTAL REALTY TRUST, INC.
STREET 2: 75 COLUMBIA AVENUE
CITY: CEDARHURST
STATE: NY
ZIP: 11516
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Postal Realty Trust, Inc.
CENTRAL INDEX KEY: 0001759774
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798]
ORGANIZATION NAME: 05 Real Estate & Construction
IRS NUMBER: 832586114
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 75 COLUMBIA AVE
CITY: CEDARHURST
STATE: NY
ZIP: 11516
BUSINESS PHONE: 576-295-7820
MAIL ADDRESS:
STREET 1: 75 COLUMBIA AVE
CITY: CEDARHURST
STATE: NY
ZIP: 11516
4
1
wk-form4_1707958155.xml
FORM 4
X0508
4
2024-02-12
0
0001759774
Postal Realty Trust, Inc.
PSTL
0001839443
Klein Robert B
C/O POSTAL REALTY TRUST, INC.
75 COLUMBIA AVENUE
CEDARHURST
NY
11516
0
1
0
0
Chief Financial Officer
0
LTIP Units
2024-02-12
4
A
0
43038
14.2328
A
Class A common stock
43038
100095
D
LTIP Units
2024-02-12
4
A
0
10868
A
Class A common stock
10868
110963
D
Restricted Stock Units
2024-02-12
4
A
0
13284
A
Class A common stock
13284
33766
D
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.
Reflects LTIP Unit grants in lieu of cash compensation that vest on the eighth anniversary of February 1, 2024, subject to certain conditions.
The LTIP Units are a class of limited partnership units of the Operating Partnership.
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 February 12, 2024, which was $14.2328.
The LTIP Units will vest ratably on the first, second and third anniversaries of February 1, 2024, subject to continued employment with the Issuer.
The Reporting Person may earn up to 200% of the RSUs granted.
The RSUs are market-based awards and are subject to and will vest upon achievement of certain performance-based hurdles and continued employment with the Issuer during the three-year performance period ending on December 31, 2026. Upon vesting, the RSUs that vest will be settled in shares of the Issuer's 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 the Issuer's Class A common stock received upon settlement on or after the date the RSUs were initially granted.
/s/ Jie Chai, attorney-in-fact
2024-02-14