NETSTREIT (NYSE: NTST) grants CEO RSUs and time-based LTIP units
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
NETSTREIT Corp. reported that President, CEO and Secretary Mark Manheimer acquired new equity awards. On February 12, 2026, he received 41,223 restricted stock units (RSUs) at a price of $0.0000 per unit, granted in lieu of cash compensation under the company’s Alignment of Interest Program.
Each RSU represents a right to receive one share of common stock and vests in three substantially equal annual installments, generally contingent on continued service. On the same date, he was also granted 84,211 time-based LTIP Units in NETSTREIT, L.P., which likewise vest in substantially equal installments over three years, subject to continued service and the terms of the partnership agreement.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Manheimer Mark
Role
President, CEO and Secretary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Units | 41,223 | $0.00 | -- |
| Grant/Award | Time-Based LTIP Units | 84,211 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 278,480 shares (Direct);
Time-Based LTIP Units — 84,211 shares (Direct)
Footnotes (1)
- Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock upon vesting. On February 12, 2026, the reporting person was granted 41,223 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. Represents Time-Based LTIP Units ("LTIP Units") in NETSTREIT, L.P. (the "Partnership"), the operating partnership of NETSTREIT Corp. (the "Company") and of which the Company 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 Company's common stock or, at the election of the Company, one share of the Company's common stock. Neither LTIP Units nor Common Units have an expiration date. Represents a grant of LTIP Units, which vest 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 equity awards did NETSTREIT (NTST) grant its CEO on February 12, 2026?
NETSTREIT granted its CEO 41,223 restricted stock units and 84,211 time-based LTIP Units on February 12, 2026. The RSUs were issued in lieu of cash compensation, and both awards vest in substantially equal installments over three years, generally requiring continued officer service.
How do NETSTREIT (NTST) restricted stock units for the CEO vest?
The 41,223 restricted stock units granted to NETSTREIT’s CEO vest in substantially equal installments on each of the first three anniversaries of the February 12, 2026 grant date. Vesting is generally subject to his continued service as an officer through each applicable vesting date.
What are NETSTREIT (NTST) time-based LTIP Units granted to the CEO?
The 84,211 time-based LTIP Units are partnership units in NETSTREIT, L.P. that vest in substantially equal installments over three years. After vesting and conversion into common units, each unit can be redeemed for cash or, at the company’s election, one share of common stock.
Why did NETSTREIT (NTST) grant RSUs to its CEO instead of cash?
NETSTREIT granted 41,223 RSUs to its CEO in lieu of cash compensation under its Alignment of Interest Program. This program provides equity instead of cash, with the RSUs vesting over three years, generally contingent on continued officer service at each vesting date.
Do NETSTREIT (NTST) LTIP Units or common units have an expiration date?
Neither the LTIP Units nor the common units of NETSTREIT, L.P. have an expiration date. After the second anniversary of the applicable grant date, each vested common unit is redeemable for cash equal to the then-current share value or, at the company’s election, one share of common stock.