Netstreit director acquires 7,192 shares via RSUs
NETSTREIT Corp. director Todd Minnis reported an exercise and conversion of restricted stock units into common shares.
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Rhea-AI Filing Summary
NETSTREIT Corp. director Todd Minnis reported an exercise and conversion of restricted stock units into common shares. On the reported date, 7,192 restricted stock units were converted at a price of $0.00 per share into 7,192 shares of common stock.
Following these transactions, Minnis directly owned 22,744 shares of NETSTREIT common stock and 5,526 restricted stock units. The footnotes explain that each RSU represents a right to receive one share of common stock and that 7,192 RSUs were granted on February 26, 2025 under the company’s Amended and Restated 2019 Omnibus Incentive Compensation Plan, vesting 100% on the first anniversary of the grant date.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 7,192 | $0.00 | $0.00 |
| Exercise | Common Stock | 7,192 | $0.00 | $0.00 |
Footnotes (2)
- F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of common stock upon vesting.
- F2. 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
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What insider transaction did NETSTREIT (NTST) director Todd Minnis report?
What are the terms of Todd Minnis’s NETSTREIT (NTST) RSU grant?
Does Todd Minnis’s NETSTREIT (NTST) Form 4 show an open-market stock purchase or sale?
AI-generated analysis. How Rhea-AI works. Not financial advice.