Postal Realty CEO granted $2M in OP units
Postal Realty Trust, Inc. (symbol: PSTL) is the issuer of record for a Form 4 filing submitted to the SEC.
Rhea-AI Filing Summary
Postal Realty Trust, Inc. (symbol: PSTL) is the issuer of record for a Form 4 filing submitted to the SEC. Spodek Andrew reported acquisition or exercise transactions in this Form 4 filing.
Postal Realty Trust, Inc. (PSTL) reported that CEO, director and ten percent owner Andrew Spodek, through affiliated entities, was granted a total of 85,300 OP Units of Postal Realty, LP on September 4, 2026. These units were issued as $1.0 million of OP Units to Butler Gulch, LLC and $1.0 million of OP Units to Brush Creek Partners in consideration for contributions of certain properties to subsidiaries of Postal Realty Trust, Inc., as approved by a Special Committee of four independent directors. The OP Units are redeemable after a holding period for cash or, at the issuer’s election, for Class A common stock on a one-for-one basis and have no expiration date. Spodek is deemed the beneficial owner of these and additional OP Units held indirectly through several entities.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 85,300 shares
Grant/Award
5 txns
Insider
Spodek Andrew
Role
CEO and Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | OP Units F1, F2, F3, F4 | 42,650 | -- | -- |
| Grant/Award | OP Units F1, F5, F3, F4 | 42,650 | -- | -- |
| holding | OP Units F1, F3, F4 | -- | -- | -- |
| holding | OP Units F1, F3, F4 | -- | -- | -- |
| holding | OP Units F1, F3, F4 | -- | -- | -- |
Holdings After Transaction:
OP Units — 42,650 contracts (Indirect, By: Butler Gulch, LLC);
OP Units — 42,650 contracts (Indirect, By: Brush Creek Partners);
OP Units — 1,081,162 contracts (Indirect, By: Spodek 2016 Family Trust);
OP Units — 250,000 contracts (Indirect, By: Nationwide Postal Management Holdings, Inc.);
OP Units — 1,950 contracts (Indirect, By: Texas Family GP, Inc.)
Footnotes (5)
- F1. The Operating Partnership Units ("OP Units") are a class of limited partnership units of Postal Realty, LP (the "Operating Partnership"). OP Units are redeemable by the Reporting Person for cash or, at the election of Postal Realty Trust, Inc. (the "Issuer"), the sole general partner of the Operating Partnership, shares of Class A common stock of the Issuer on a one-for-one basis or the cash value of such shares.
- F2. Represents $1.0 million of OP Units which were issued by the Operating Partnership in consideration of Butler Gulch, LLC's contribution of certain properties to subsidiaries of the Issuer, as approved by a Special Committee of the Issuer's Board of Directors (the "Special Committee"). The Special Committee consists of the Issuer's four independent directors. 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 September 4, 2026, which was $23.4465.
- F3. As described in the Operating Partnership's partnership agreement, after the requisite holding period OP Units may be redeemed for cash, or, at the election of the Issuer, shares of Class A common stock on a one-for-one basis. OP units have no expiration date.
- F4. Represents securities for which the Reporting Person is deemed the beneficial owner.
- F5. Represents $1.0 million of OP Units which were issued by the Operating Partnership in consideration of Brush Creek Partners' contribution of certain properties to subsidiaries of the Issuer, as approved by the Special Committee. 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 September 4, 2026, which was $23.4465.
Key Figures
OP Units granted to Butler Gulch, LLC: 42,650 OP Units
OP Units granted to Brush Creek Partners: 42,650 OP Units
Value of OP Units issued to each contributing entity: $1.0 million
+4 more
7 metrics
OP Units granted to Butler Gulch, LLC
42,650 OP Units
Grant on September 4, 2026, indirectly beneficially owned by Andrew Spodek
OP Units granted to Brush Creek Partners
42,650 OP Units
Grant on September 4, 2026, indirectly beneficially owned by Andrew Spodek
Value of OP Units issued to each contributing entity
$1.0 million
Consideration for property contributions by Butler Gulch, LLC and Brush Creek Partners
Reference volume weighted average price
$23.4465 per share
VWAP of PSTL Class A common stock for 10 trading days before September 4, 2026
Underlying shares for Spodek 2016 Family Trust OP Units
1,081,162 shares of Class A common stock
Indirectly held OP Units as of September 4, 2026
Underlying shares for Nationwide Postal Management Holdings, Inc.
250,000 shares of Class A common stock
Indirect OP Unit position as of September 4, 2026
Underlying shares for Texas Family GP, Inc.
1,950 shares of Class A common stock
Indirect OP Unit position as of September 4, 2026
Key Terms
OP Units, volume weighted average price, Special Committee, beneficial owner
4 terms
OP Units financial
"The Operating Partnership Units ("OP Units") are a class of limited partnership units"
OP units are ownership stakes in an operating partnership that sits beneath a public parent company, commonly used by real estate and energy firms to hold assets and distributions. Think of them like special shares in a subsidiary: they give economic rights to profits and cash payouts but are structured differently from the parent’s common stock, so investors watch OP unit issuance because it can change the effective ownership, future distributions, and potential dilution of the parent company’s equity.
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.
Special Committee regulatory
"as approved by a Special Committee of the Issuer's Board of Directors"
A special committee is a group of people chosen by an organization to carefully examine a specific issue or problem, often when a decision could have significant consequences. Think of it as a task force brought together to investigate and recommend actions, ensuring that important matters are handled thoroughly and fairly. For investors, this means decisions are made with careful oversight, which can impact the organization's stability and future direction.
beneficial owner financial
"Represents securities for which the Reporting Person is deemed the beneficial owner"
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did PSTL disclose for Andrew Spodek on September 4, 2026?
Andrew Spodek, through Butler Gulch, LLC and Brush Creek Partners, acquired 85,300 OP Units of Postal Realty, LP on September 4, 2026 as a grant or award in connection with property contributions to subsidiaries of Postal Realty Trust, Inc.
How were the OP Units to Butler Gulch, LLC and Brush Creek Partners valued in the PSTL Form 4?
Each entity received $1.0 million of OP Units. The price of the securities was based on the volume weighted average price of PSTL Class A common stock over the 10 trading days immediately preceding September 4, 2026, which was $23.4465 per share.
What can the newly granted OP Units for PSTL be converted into?
The OP Units are redeemable after the requisite holding period for cash or, at the election of Postal Realty Trust, Inc., for shares of Class A common stock on a one-for-one basis, or the cash value of such shares. The OP Units have no expiration date.
Are the OP Units acquired by Andrew Spodek held directly or indirectly in PSTL?
The reported OP Units are held indirectly through entities such as Butler Gulch, LLC, Brush Creek Partners, Spodek 2016 Family Trust, Nationwide Postal Management Holdings, Inc., and Texas Family GP, Inc., for which Andrew Spodek is deemed the beneficial owner.
Does the PSTL filing indicate these transactions were under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is not marked as affirming that the reported transactions were made under a Rule 10b5-1 trading plan, and the footnotes do not describe any such plan.
What are Andrew Spodek’s other indirect OP Unit holdings reported in this PSTL Form 4?
In addition to the new awards, indirect OP Unit positions reported include OP Units with underlying 1,081,162 shares of Class A common stock held by the Spodek 2016 Family Trust, 250,000 by Nationwide Postal Management Holdings, Inc., and 1,950 by Texas Family GP, Inc.
AI-generated analysis. How Rhea-AI works. Not financial advice.
