0001628280-23-002123.txt : 20230202 0001628280-23-002123.hdr.sgml : 20230202 20230202194153 ACCESSION NUMBER: 0001628280-23-002123 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20230131 FILED AS OF DATE: 20230202 DATE AS OF CHANGE: 20230202 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Brandwein Matt CENTRAL INDEX KEY: 0001777120 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38903 FILM NUMBER: 23583174 MAIL ADDRESS: STREET 1: 75 COLUMBIA AVENUE CITY: CEDARHURST STATE: NY ZIP: 11516 FORMER NAME: FORMER CONFORMED NAME: Brandwein Matthew DATE OF NAME CHANGE: 20190517 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Postal Realty Trust, Inc. CENTRAL INDEX KEY: 0001759774 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] 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 wf-form4_167538489783858.xml FORM 4 X0306 4 2023-01-31 0 0001759774 Postal Realty Trust, Inc. PSTL 0001777120 Brandwein Matt C/O POSTAL REALTY TRUST, INC. 75 COLUMBIA AVENUE CEDARHURST NY 11516 0 1 0 0 SVP & Chief Accounting Officer Class A common stock 2023-01-31 4 M 0 2780 A 63399 D Class A common stock 2023-01-31 4 F 0 1511 D 61888 D Class A common stock 2023-01-31 4 A 0 11235 15.1309 A 73123 D Class A common stock 2023-01-31 4 A 0 4792 0 A 77915 D Class A common stock 2023-01-31 4 A 0 11235 0 A 89150 D Class A common stock 2023-02-01 4 F 0 1581 0 D 87569 D Restricted Stock Units 2023-01-31 4 M 0 2780 D Class A common stock 2780.0 6992 D Restricted Stock Units 2023-01-31 4 A 0 4792 A Class A common stock 4792.0 11784 D As previously reported, on March 20, 2020, the Reporting Person was granted 3,916 performance-based restricted stock units (the "RSUs"), and, depending on the level of achievement of certain performance-based hurdles during the three-year performance period ended on December 31, 2022 (the "Measurement Period"), the actual number of RSUs earned could range from 50% to 150% of the target RSUs. On January 31, 2023, 2,780 RSUs vested based on the achievement of certain performance goals during the Measurement Period after the Corporate Governance and Compensation Committee of the Board of Directors of Postal Realty Trust, Inc. (the "Issuer") certified the Reporting Person's achievement relative to the applicable performance objectives during the Measurement Period and approved the vesting of the RSUs with respect to these shares. In accordance with the Issuer's 2019 Equity Incentive Plan (the "Plan"), Performance Units (as defined in the Plan) convert into the Issuer's Class A common stock on a one-for-one basis. Reflects a grant of restricted shares of Class A common stock of the Issuer in lieu of cash compensation that vested 100% on the date of grant. 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, 2022, which was $15.1309. Reflects a grant of restricted shares of the Issuer's Class A common stock that vest ratably on the first, second and third anniversaries of February 1, 2023, subject to the Reporting Person's continued service as an employee through the applicable vesting date. Reflects a grant of restricted shares of the Issuer's Class A common stock that vest on the eighth anniversary of February 1, 2023, subject to certain conditions. Reflects shares withheld to satisfy tax withholding obligation in connection with the partial vesting of a restricted stock award granted on February 11, 2021 and January 31, 2022. Each RSU represents a contingent right to receive shares of the Issuer's Class A common stock. 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, 2025. 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 2023-02-02