NETSTREIT (NTST) CEO logs RSU vesting, stock awards and tax withholding
Rhea-AI Filing Summary
NETSTREIT Corp. President and CEO Mark Manheimer reported a series of equity compensation transactions dated February 28, 2026. He acquired common stock through the vesting and conversion of restricted stock units, including 7,093 shares and 15,190 shares of common stock at a price of $0.00 per share following RSU exercises.
He also received new stock awards of 28,036 shares and 20,017 shares of common stock as grants or awards at $0.00 per share. To cover tax obligations tied to these vestings and issuances, 2,792 shares, 5,978 shares, 11,033 shares, and 7,877 shares of common stock were withheld by the issuer at $20.77 per share, which the footnotes state are mandatory tax-withholding dispositions and not open market sales. After these transactions, he directly owned 407,324 shares of NETSTREIT common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 7,093 | $0.00 | -- |
| Exercise | Restricted Stock Units | 15,190 | $0.00 | -- |
| Exercise | Common Stock | 7,093 | $0.00 | -- |
| Tax Withholding | Common Stock | 2,792 | $20.77 | $58K |
| Exercise | Common Stock | 15,190 | $0.00 | -- |
| Tax Withholding | Common Stock | 5,978 | $20.77 | $124K |
| Grant/Award | Common Stock | 28,036 | $0.00 | -- |
| Tax Withholding | Common Stock | 11,033 | $20.77 | $229K |
| Grant/Award | Common Stock | 20,017 | $0.00 | -- |
| Tax Withholding | Common Stock | 7,877 | $20.77 | $164K |
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. Represents shares of common stock awarded as a result of the issuer having met certain performance criteria, pursuant to the issuer's grant of performance-based RSUs on February 28, 2023. Shares withheld by the issuer to satisfy the mandatory tax withholding requirement in connection with the issuance of vested common shares. This is not an open market sale of securities. On February 28, 2023, the reporting person was granted 21,277 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 through each applicable vesting date. On February 28, 2023, the reporting person was granted 45,567 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.
