[Form 4] NETSTREIT Corp. Insider Trading Activity
Rhea-AI Filing Summary
NETSTREIT Corp. director and CEO Mark Manheimer reported equity compensation activity involving restricted stock units (RSUs) and related common stock on February 26, 2026. He exercised or converted RSUs into 17,801 and 27,394 shares of common stock at $0.00 per share, reflecting the non-cash nature of these awards. In connection with these vestings, 7,005 and 10,780 common shares were withheld at $20.61 per share to cover mandatory tax withholding, which the disclosure states is not an open-market sale. After these transactions, Manheimer directly owned 364,668 shares of NETSTREIT common stock. Footnotes explain that each RSU converts into one share upon vesting and that prior grants of 53,410 and 82,192 RSUs vest in substantially equal installments over three years, generally contingent on continued service as an officer.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 17,801 | $0.00 | -- |
| Exercise | Restricted Stock Units | 27,394 | $0.00 | -- |
| Exercise | Common Stock | 17,801 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,005 | $20.61 | $144K |
| Exercise | Common Stock | 27,394 | $0.00 | -- |
| Tax Withholding | Common Stock | 10,780 | $20.61 | $222K |
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock upon vesting. 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. On February 26, 2025, the reporting person was granted 53,410 RSUs in lieu of cash compensation pursuant to the Issuer's Alignment of Interest Program. The RSUs vest in substantially equal installments on each of the first three anniversaries of the grant date, generally subject to continued service as an officer throughout each applicable vesting date. On February 26, 2025, the reporting person was granted 82,192 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.