Director at NETSTREIT (NTST) receives 7,192 shares from RSU conversion
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NETSTREIT Corp. director Robin McBride Zeigler acquired shares through a restricted stock unit conversion. On February 26, 2026, 7,192 Restricted Stock Units were exercised at $0.0000 per unit, converting into 7,192 shares of common stock.
After these transactions, Zeigler directly held 5,526 Restricted Stock Units and 25,536 shares of NETSTREIT common stock. According to the footnotes, each RSU represents the right to receive one share of common stock upon vesting, and the 7,192 RSUs were originally granted on February 26, 2025 under the company’s omnibus incentive plan, vesting 100% on the first anniversary of the grant date.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,192 shares exercised/converted
Mixed
2 txns
Insider
Zeigler Robin McBride
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 7,192 | $0.00 | -- |
| Exercise | Common Stock | 7,192 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 5,526 shares (Direct);
Common Stock — 25,536 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock upon vesting. On February 26, 2025, the reporting person was granted 7,192 RSUs pursuant to the Issuer's Amended and Restated 2019 Omnibus Incentive Compensation Plan, vesting 100% on the first anniversary of the grant date, generally subject to continued service as a director through the vesting date.
FAQ
What did NETSTREIT (NTST) director Robin McBride Zeigler report on this Form 4?
Robin McBride Zeigler reported acquiring shares of NETSTREIT common stock through the exercise of restricted stock units. On February 26, 2026, 7,192 RSUs converted into 7,192 shares at no cash exercise price as part of NETSTREIT’s equity incentive compensation program.
What are the post-transaction holdings of Robin McBride Zeigler in NETSTREIT (NTST)?
After the reported transactions, Zeigler directly held 25,536 shares of NETSTREIT common stock and 5,526 Restricted Stock Units. Both positions are reported as directly owned, indicating personal holdings rather than indirect ownership through another entity or investment vehicle.
How do NETSTREIT (NTST) restricted stock units work for directors like Robin McBride Zeigler?
Each NETSTREIT restricted stock unit represents a contingent right to receive one share of common stock upon vesting. For Zeigler, 7,192 RSUs granted on February 26, 2025 vested 100% on the first anniversary, then converted into an equal number of common shares at no cash cost.
When were the NETSTREIT (NTST) RSUs that Zeigler exercised originally granted?
The 7,192 restricted stock units exercised by Zeigler on February 26, 2026 were granted on February 26, 2025. They were issued under NETSTREIT’s Amended and Restated 2019 Omnibus Incentive Compensation Plan and vested in full after one year of continued service as a director.
Does this NETSTREIT (NTST) Form 4 show an open-market stock purchase or sale?
The filing shows an exercise and conversion of restricted stock units, not an open-market purchase or sale. Transaction code “M” and a price of $0.0000 per share indicate equity compensation vesting, where RSUs convert into common stock without a market transaction.