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Postal Realty Trust (PSTL) director receives 12,579 LTIP Units in equity compensation grants

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Postal Realty Trust, Inc. director Patrick R. Donahoe reported two equity compensation grants of LTIP Units instead of cash fees. He acquired 3,198 LTIP Units and 9,381 LTIP Units, each economically linked to the company’s Class A common stock and initially priced using a volume weighted average of $23.4503 per share.

The LTIP Units are a class of limited partnership units in Postal Realty LP. After certain events and vesting conditions, they can convert into Operating Partnership units, which are then redeemable for cash or, at the issuer’s election, an equal number of Class A common shares. The awards vest over multi‑year schedules tied to anniversaries of June 2, 2026, subject to continued service on the board.

Positive

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Insider Donahoe Patrick R
Role null
Type Security Shares Price Value
Grant/Award LTIP Units 9,381 $0.00 --
Grant/Award LTIP Units 3,198 $0.00 --
Holdings After Transaction: LTIP Units — 82,644 shares (Direct, null)
Footnotes (1)
  1. Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by Postal Realty Trust, Inc. (the "Issuer") into an equivalent number of units of the Operating Partnership ("OP Units"). 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. Reflects LTIP Unit grants in lieu of cash compensation pursuant to the Issuer's Alignment of Interest Program that vest on the third anniversary of June 2, 2026, subject to certain conditions. The LTIP Units are a class of limited partnership units of Postal Realty LP. The LTIP Units were granted in lieu of cash compensation. The price of the securities acquired by the Reporting Person is based on the volume weighted average price of the Issuer's Class A common stock for the 10 trading days immediately preceding June 2, 2026, which was $23.4503. The LTIP Units will vest ratably on the first, second and third anniversaries of June 2, 2026, subject to continued service on the Issuer's board of directors through the applicable vesting date.
LTIP Units grant 1 3,198 LTIP Units Equity compensation grant coded A on June 2, 2026
LTIP Units grant 2 9,381 LTIP Units Second equity compensation grant coded A on June 2, 2026
VWAP used for grant valuation $23.4503 per share 10-day volume weighted average price of Class A common stock before June 2, 2026
Total LTIP Units granted 12,579 LTIP Units Combined size of both LTIP Unit compensation awards
LTIP Units financial
"The LTIP Units are a class of limited partnership units of Postal Realty LP."
LTIP units are awards given to executives and employees as part of a long-term incentive plan; they act like deferred bonuses that convert into company shares or cash only if the business meets set performance or time requirements. Investors care because LTIP units tie management pay to future results, can increase the number of outstanding shares (dilution) when they vest, and create ongoing compensation expense that can affect earnings and shareholder value.
Operating Partnership financial
"convertible by Postal Realty Trust, Inc. into an equivalent number of units of the Operating Partnership"
An operating partnership is a separate legal entity set up to own and run a company’s core assets and day-to-day businesses, while investors hold interests indirectly through the parent company. Think of it like a dedicated garage that actually stores and services the cars while the owner keeps the dealership; it matters to investors because it affects how income, taxes, liability and voting rights are allocated and therefore can influence distributions and risk.
volume weighted average price financial
"based on the volume weighted average price of the Issuer's Class A common stock"
The volume weighted average price (VWAP) is a way to measure the average price of a security, such as a stock, over a specific period, taking into account how many units were traded at each price. It’s similar to calculating the average cost of items bought when some are more frequently purchased than others. Investors use VWAP to assess whether a security is being bought or sold at a fair price during trading.
Class A common stock financial
"shares of Class A common stock of the Issuer on a one-for-one basis"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
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Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED 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
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
Donahoe Patrick R
(Last)(First)(Middle)
C/O POSTAL REALTY TRUST, INC.
75 COLUMBIA AVENUE
(Street)
CEDARHURST NEW YORK 11516
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Postal Realty Trust, Inc. [ PSTL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/02/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
LTIP Units(1)(2)(3)(1)06/02/2026A9,381 (2) (1)Class A common stock9,381(4)82,644D
LTIP Units(1)(3)(5)(1)06/02/2026A3,198 (5) (1)Class A common stock3,198$085,842D
Explanation of Responses:
1. Following the occurrence of certain events and upon vesting, the LTIP Units are convertible by Postal Realty Trust, Inc. (the "Issuer") into an equivalent number of units of the Operating Partnership ("OP Units"). 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.
2. Reflects LTIP Unit grants in lieu of cash compensation pursuant to the Issuer's Alignment of Interest Program that vest on the third anniversary of June 2, 2026, subject to certain conditions.
3. The LTIP Units are a class of limited partnership units of Postal Realty LP.
4. The LTIP Units were granted in lieu of cash compensation. The price of the securities acquired by the Reporting Person is based on the volume weighted average price of the Issuer's Class A common stock for the 10 trading days immediately preceding June 2, 2026, which was $23.4503.
5. The LTIP Units will vest ratably on the first, second and third anniversaries of June 2, 2026, subject to continued service on the Issuer's board of directors through the applicable vesting date.
Remarks:
/s/ Joseph Antignani, attorney-in-fact06/04/2026
** Signature of Reporting PersonDate
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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did PSTL director Patrick R. Donahoe report?

Patrick R. Donahoe reported receiving two grants of LTIP Units as equity compensation. He acquired 3,198 LTIP Units and 9,381 LTIP Units, with no open-market purchases or sales, reflecting non-cash awards linked to Postal Realty Trust’s Class A common stock performance.

How many LTIP Units did Patrick R. Donahoe receive from Postal Realty Trust (PSTL)?

He received 3,198 LTIP Units in one grant and 9,381 LTIP Units in another. These awards are in lieu of cash compensation and are tied to the value of Postal Realty Trust’s Class A common stock through conversion and redemption features.

How are Donahoe’s PSTL LTIP Unit grants valued for compensation purposes?

The LTIP Units were valued using a volume weighted average price of $23.4503 for Postal Realty Trust’s Class A common stock. That 10-trading-day average before June 2, 2026, determines how many LTIP Units Donahoe received in place of his cash compensation.

When do Patrick R. Donahoe’s Postal Realty Trust LTIP Units vest?

The LTIP Units vest based on multi-year schedules tied to anniversaries of June 2, 2026. Vesting is subject to conditions, including Donahoe’s continued service on Postal Realty Trust’s board of directors through the applicable vesting dates for each grant.

What can PSTL LTIP Units be converted into for Patrick R. Donahoe?

After certain events and vesting, the LTIP Units can convert into Operating Partnership units. Those units are redeemable for cash or, at Postal Realty Trust’s election, an equal number of Class A common stock shares or their cash value.

Did Patrick R. Donahoe buy or sell Postal Realty Trust (PSTL) stock on the market?

The reported transactions show only LTIP Unit grants as compensation, not market trades. They are coded as acquisitions (A) of derivative securities, with no open-market buying or selling of Postal Realty Trust Class A common stock disclosed in this Form 4.