Postal Realty Trust (NYSE: PSTL) CFO receives new RSU and LTIP equity awards

Rhea-AI Filing Summary

Postal Realty Trust EVP & CFO Stephen Michael Bakke reported new equity awards. On February 1, 2026, he received 10,246 Restricted Stock Units and 8,383 LTIP Units at a price of $0 per unit, reflecting stock-based compensation rather than a market purchase.

The 2026 RSUs are market-based and may ultimately pay out between 0% and 200% of the 10,246 units, depending on performance hurdles during a three-year period ending on December 31, 2028 and continued employment. Upon vesting, earned RSUs will settle in Class A common stock with associated distributions. The LTIP Units, which will vest in three equal annual installments starting February 1, 2027, are convertible into OP Units and then redeemable for cash or, at the company’s election, Class A common stock on a one-for-one basis.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Bakke Stephen Michael

(Last) (First) (Middle)

C/O POSTAL REALTY TRUST, INC.

75 COLUMBIA AVENUE

(Street)

CEDARHURST NY 11516

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Postal Realty Trust, Inc. [ PSTL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/01/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units(1)(2)	(2)	02/01/2026		A		10,246		(2)	(2)	Class A common stock	10,246	$0(2)	10,246	D
LTIP Units(3)(4)(5)	(3)	02/01/2026		A		8,383		(5)	(3)	Class A common stock	8,383	$0(3)	75,521	D

Explanation of Responses:

1. The Reporting Person may earn between 0% and 200%, inclusive, of the Restricted Stock Units granted herein (the "2026 RSUs").

2. The 2026 RSUs are market-based awards that are subject to, and will vest upon, achievement of certain performance-based hurdles and continued employment with the Issuer during the three-year performance period ending on December 31, 2028. Upon vesting, the 2026 RSUs that vest will be settled in shares of the Issuer's Class A common stock and the Reporting Person will be entitled to receive the distributions that would have been paid with respect to each share of the Issuer's Class A common stock received upon settlement on or after the date the 2026 RSUs were initially granted.

3. Following the occurrence of certain events and upon vesting, the LTIP Units are convertible into an equivalent number of limited partnership units ("OP Units") of Postal Realty LP (the "Operating Partnership"). OP Units are redeemable by the Reporting Person for cash or, at the election of the Issuer, shares of Class A common stock of the Issuer on a one-for-one basis or the cash value of such shares. LTIP Units do not have expiration dates.

4. The LTIP Units are a class of limited partnership units of the Operating Partnership.

5. The LTIP Units will vest ratably on the first, second and third anniversaries of February 1, 2026, subject to continued employment with the Issuer.

Remarks:

	/s/ Joseph Antignani, attorney-in-fact	02/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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FAQ

What insider transaction did PSTL EVP & CFO Stephen Bakke report?

Stephen Bakke reported grants of 10,246 Restricted Stock Units and 8,383 LTIP Units on February 1, 2026. These are stock-based compensation awards with no cash paid per unit, rather than open-market share purchases or sales.

How many Restricted Stock Units did PSTL grant to its CFO?

Postal Realty Trust granted 10,246 Restricted Stock Units to EVP & CFO Stephen Bakke. These 2026 RSUs are market-based awards whose final payout can range from 0% to 200% of the granted units, depending on performance and employment conditions.

What performance period applies to PSTL’s 2026 RSUs granted to the CFO?

The 2026 RSUs for the CFO use a three-year performance period ending on December 31, 2028. Vesting depends on achieving specified performance-based hurdles and the executive’s continued employment with Postal Realty Trust throughout that period.

How are the PSTL 2026 RSUs for the CFO settled upon vesting?

Upon vesting, the 2026 RSUs will be settled in shares of Postal Realty Trust’s Class A common stock. The executive also becomes entitled to distributions corresponding to those shares, calculated from the initial grant date for the vested portion.

What are LTIP Units granted to PSTL’s CFO and how do they work?

The CFO received 8,383 LTIP Units, a class of limited partnership units in Postal Realty LP. After vesting and certain events, they convert into OP Units, which can be redeemed for cash or, at Postal Realty Trust’s election, an equal number of Class A common shares.

When do the LTIP Units granted to PSTL’s CFO vest?

The LTIP Units vest in three equal installments on the first, second, and third anniversaries of February 1, 2026. Each vesting tranche is conditioned on the executive’s continued employment with Postal Realty Trust through the applicable vesting date.

How many LTIP Units does the PSTL CFO hold after this transaction?

Following the February 1, 2026 grant of 8,383 LTIP Units, the CFO beneficially owns 75,521 LTIP Units in total. These units provide potential future value through conversion to OP Units and possible redemption into cash or Class A common stock.