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