Netstreit (NYSE: NTST) director gets 7,192 shares from RSUs
Filing Impact
Filing Sentiment
Form Type
4
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
7,192 shares exercised/converted
Mixed
2 txns
Insider
Minnis Todd
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 — 22,744 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 insider transaction did NETSTREIT (NTST) director Todd Minnis report?
Todd Minnis reported exercising restricted stock units that converted into common shares of NETSTREIT. He converted 7,192 restricted stock units at a price of $0.00 per share into 7,192 shares of common stock, increasing his direct share ownership in the company.
What are the terms of Todd Minnis’s NETSTREIT (NTST) RSU grant?
According to the footnotes, Minnis was granted 7,192 restricted stock units on February 26, 2025 under NETSTREIT’s Amended and Restated 2019 Omnibus Incentive Compensation Plan. These RSUs vest 100% on the first anniversary of the grant date, generally subject to his continued service as a director.
Does Todd Minnis’s NETSTREIT (NTST) Form 4 show an open-market stock purchase or sale?
The Form 4 shows an exercise and conversion of restricted stock units into common shares, not an open-market purchase or sale. The transaction is coded as an exercise of a derivative security at $0.00 per share, typical for equity compensation vesting events.