NETSTREIT CAO reports 10,190 shares owned
NETSTREIT’s chief accounting officer reported initial holdings of common stock, RSUs, and LTIP units that vest over several years.
Rhea-AI Filing Summary
NETSTREIT Corp. (NTST) reported the initial beneficial ownership of Matthew Fennewald, its chief accounting officer, on a Form 3. As of September 1, 2026, he holds 10,190.498 shares of common stock directly, plus several awards of restricted stock units and Time-Based LTIP Units that each correspond to NETSTREIT common stock and vest over multiple years, generally subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
6 transactions reported
Mixed
6 txns
Insider
Fennewald Matthew
Role
CAO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Units F2, F1 | -- | -- | -- |
| holding | Restricted Stock Units F2, F3 | -- | -- | -- |
| holding | Restricted Stock Units F2, F4 | -- | -- | -- |
| holding | Restricted Stock Units F2, F5 | -- | -- | -- |
| holding | Time-Based LTIP Units F7, F6 | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 6,242 contracts (Direct);
Time-Based LTIP Units — 3,868 contracts (Direct);
Common Stock — 10,190.498 shares (Direct)
Footnotes (7)
- F1. On May 5, 2022, the reporting person was granted 2,360 restricted stock units ("RSUs") pursuant to the Issuer's Amended and Restated 2019 Omnibus Incentive Compensation Plan (the "Plan"), vesting in substantially equal installments on each of the first five anniversaries of the grant date, generally subject to continued service through each applicable vesting date.
- F2. Each RSU represents a contingent right to receive one share of common stock upon vesting.
- F3. On February 16, 2024, the reporting person was granted 2,885 RSUs pursuant to the Plan, vesting in substantially equal installments on each of the first five anniversaries of the grant date, generally subject to continued service through each applicable vesting date.
- F4. On February 16, 2024, the reporting person was granted 2,669 RSUs pursuant to the Plan, vesting in substantially equal installments on each of the first three anniversaries of the grant date, generally subject to continued service through each applicable vesting date.
- F5. On February 26, 2025, the reporting person was granted 4,723 RSUs pursuant to the Plan, vesting in substantially equal installments on each of the first three anniversaries of the grant date, generally subject to continued service through each applicable vesting date.
- F6. On February 12, 2026, the reporting person was granted 3,868 Time-Based LTIP Units ("LTIP Units"), which vest in substantially equal installments on each of the first three anniversaries of the grant date, generally subject to continued service through each applicable vesting date.
- F7. Represents LTIP Units in NETSTREIT, L.P. (the "Partnership"), the operating partnership of the Issuer and of which the Issuer is the sole member of the general partner. Under the limited partnership agreement of the Partnership (the "OP Agreement") and subject to conditions set forth in the OP Agreement, upon vesting of LTIP Units, LTIP Units are automatically converted into common units of limited partnership interest ("Common Units") in the Partnership. Following the second anniversary of the grant date of the applicable LTIP Unit, each Common Unit is redeemable for cash equal to the then-current market value of one share of the Issuer's common stock or, at the election of the Issuer, one share of the Issuer's common stock. Neither LTIP Units nor Common Units have an expiration date.
Key Figures
Direct common stock holdings: 10,190.498 shares
RSUs underlying shares (grant tied to May 5, 2022): 472 shares
RSUs underlying shares (grant of 2,885 RSUs on February 16, 2024): 1,731 shares
+3 more
6 metrics
Direct common stock holdings
10,190.498 shares
Common stock held directly as of September 1, 2026
RSUs underlying shares (grant tied to May 5, 2022)
472 shares
Restricted Stock Units representing NETSTREIT common stock
RSUs underlying shares (grant of 2,885 RSUs on February 16, 2024)
1,731 shares
Portion of RSUs reported as underlying common stock
RSUs underlying shares (grant of 2,669 RSUs on February 16, 2024)
890 shares
Portion of RSUs reported as underlying common stock
RSUs underlying shares (grant of 4,723 RSUs on February 26, 2025)
3,149 shares
Portion of RSUs reported as underlying common stock
Time-Based LTIP Units
3,868 units
LTIP Units granted on February 12, 2026
Key Terms
Restricted Stock Units, Time-Based LTIP Units, Omnibus Incentive Compensation Plan, limited partnership agreement, +1 more
5 terms
Restricted Stock Units financial
"the reporting person was granted 2,360 restricted stock units ("RSUs")"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
Time-Based LTIP Units financial
"the reporting person was granted 3,868 Time-Based LTIP Units ("LTIP Units")"
Omnibus Incentive Compensation Plan financial
"pursuant to the Issuer's Amended and Restated 2019 Omnibus Incentive Compensation Plan"
An omnibus incentive compensation plan is a single, flexible program that lets a company grant different kinds of pay — such as cash bonuses, stock options, restricted stock, or performance awards — to employees, executives and directors. Investors care because the plan affects how much ownership can be given away (dilution), how much the company spends on pay, and whether executives’ goals are aligned with shareholders, much like a menu that decides what rewards staff can pick and how costly they are.
limited partnership agreement financial
"Under the limited partnership agreement of the Partnership (the "OP Agreement")"
A limited partnership agreement is the legal rulebook that sets out how a limited partnership is run, naming who manages the business, how profits and losses are split, and what rights and responsibilities each partner has. For investors, it matters because it defines who makes decisions, how much liability they carry, how and when they can get their money back, and how returns are distributed—like a household budget and authority chart for a shared venture.
Common Units financial
"converted into common units of limited partnership interest ("Common Units")"
Common units are the basic ownership stakes in a company, limited partnership, or trust that function like common stock: they give holders a claim on profits and often voting rights. Think of them as the ordinary seats at a table—the most directly affected by the business’s success or failure, so they typically offer higher upside but carry greater risk than preferred claims or creditors, which matters to investors evaluating potential return and safety.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did NETSTREIT Corp. (NTST) disclose about Matthew Fennewald’s common stock holdings?
The filing reports that Matthew Fennewald directly holds 10,190.498 shares of NETSTREIT common stock as of September 1, 2026. These shares are reported as direct ownership, separate from his equity-based incentive awards.
What restricted stock unit (RSU) awards for NTST does Matthew Fennewald report on this Form 3?
He reports RSU awards tied to 472, 1,731, 890, and 3,149 underlying shares of NETSTREIT common stock. Each RSU represents a contingent right to receive one share of common stock upon vesting.
How do Matthew Fennewald’s RSUs in NTST vest over time?
The Form 3 states that grants of 2,360, 2,885, 2,669, and 4,723 RSUs vest in substantially equal installments over three or five years from their grant dates, generally subject to continued service through each vesting date.
What Time-Based LTIP Units in NTST’s operating partnership does Matthew Fennewald hold?
He holds 3,868 Time-Based LTIP Units in NETSTREIT, L.P., the operating partnership. These units vest in substantially equal installments over three years from the February 12, 2026 grant date, generally subject to continued service.
How can Matthew Fennewald’s LTIP Units ultimately relate to NETSTREIT (NTST) common stock?
Upon vesting, LTIP Units automatically convert into Common Units of the partnership. After the second anniversary of the applicable grant date, each Common Unit is redeemable for cash equal to one share’s market value or, at NETSTREIT’s election, one share of common stock.
Does the Matthew Fennewald Form 3 for NTST indicate any Rule 10b5-1 trading plan?
No. The disclosure describes his initial holdings of common stock, RSUs, and LTIP Units and their vesting and conversion terms, but it does not state that any of these positions are associated with a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
