NETSTREIT (NTST) CFO details RSU conversion and tax share withholding
Rhea-AI Filing Summary
NETSTREIT Corp. Chief Financial Officer and Treasurer Daniel P. Donlan reported equity award activity involving restricted stock units and common shares. On February 16, 2026, 5,386 restricted stock units were exercised or converted, resulting in 5,386 shares of common stock at a stated price of $20.20 per share for tax purposes.
To satisfy mandatory tax withholding on the vesting of previously granted RSUs, 2,405 common shares were withheld by the issuer at $20.20 per share, which the disclosure clarifies was not an open market sale. Following these transactions, Donlan directly holds 28,056 common shares and 18,809 restricted stock units. A prior grant of 16,157 RSUs made on February 16, 2024 vests in three substantially equal annual installments, generally subject to continued service.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 5,386 | $0.00 | $0.00 |
| Exercise | Common Stock | 5,386 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock | 2,405 | $20.20 | $49K |
Footnotes (3)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock upon vesting.
- F2. Shares withheld by the issuer to satisfy the mandatory tax withholding requirement upon vesting of RSUs previously granted to the reporting person. This is not an open market sale of securities.
- F3. On February 16, 2024, the reporting person was granted 16,157 RSUs pursuant to the Issuer's Amended and Restated 2019 Omnibus Incentive Compensation Plan, vesting in substantially equal installments on each of the first three anniversaries of the grant date, generally subject to continued service as an officer through each applicable vesting date.
FAQ
What insider transactions did NETSTREIT (NTST) CFO Daniel Donlan report?
What are NETSTREIT (NTST) restricted stock units (RSUs) held by the CFO?
How do the NETSTREIT (NTST) CFO’s RSUs vest over time?
AI-generated analysis. How Rhea-AI works. Not financial advice.