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  4. [Form 4] Postal Realty Trust, Inc. Insider Trading Activity

Director at Postal Realty (NYSE: PSTL) granted LTIP units in lieu of cash

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

Rhea-AI Filing Summary

Gural-Senders Jane reported acquisition or exercise transactions in this Form 4 filing.

Postal Realty Trust, Inc. director Jane Gural-Senders reported receiving two grants of LTIP Units as equity compensation. She was awarded 3,198 LTIP Units and 3,070 LTIP Units, each convertible into the company’s Operating Partnership units and ultimately redeemable on a one-for-one basis for Class A common stock or cash.

The LTIP Units were granted in lieu of cash compensation under Postal Realty’s Alignment of Interest Program, with the grant value based on a volume weighted average Class A share price of $23.4503 for the 10 trading days before June 2, 2026. These awards vest over three years from June 2, 2026, subject to conditions including continued service on the board.

Positive

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Negative

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Insider Gural-Senders Jane
Role null
Type Security Shares Price Value
Grant/Award LTIP Units 3,070 $0.00 --
Grant/Award LTIP Units 3,198 $0.00 --
Holdings After Transaction: LTIP Units — 35,454 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 Grant to director on June 2, 2026
LTIP Units grant 2 3,070 LTIP Units Grant to director on June 2, 2026
Price basis for LTIP grants $23.4503 per share VWAP of Class A stock for 10 trading days before June 2, 2026
Holdings after first grant 38,652 LTIP Units Total following 3,198-unit award
Holdings after second grant 35,454 LTIP Units Total following 3,070-unit award
Underlying Class A shares grant 1 3,198 shares Underlying security for first LTIP grant
Underlying Class A shares grant 2 3,070 shares Underlying security for second LTIP grant
LTIP Units financial
"Following the occurrence of certain events and upon vesting, the LTIP Units are convertible..."
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.
OP Units financial
"OP Units are redeemable by the Reporting Person for cash or, at the election of the Issuer, shares of Class A common stock..."
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.
Alignment of Interest Program financial
"Reflects LTIP Unit grants in lieu of cash compensation pursuant to the Issuer's Alignment of Interest Program..."
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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*
Gural-Senders Jane
(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)06/02/2026A3,070 (2) (1)Class A common stock3,070(4)35,454D
LTIP Units(1)(3)(5)(1)06/02/2026A3,198 (5) (1)Class A common stock3,198$038,652D
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 did Postal Realty Trust (PSTL) disclose in this Form 4?

Postal Realty Trust disclosed that director Jane Gural-Senders received two grants of LTIP Units as equity compensation. The awards replace cash fees and can ultimately convert into Operating Partnership units and then Class A common stock or cash, aligning director pay with shareholder interests.

How many LTIP Units were granted to the Postal Realty (PSTL) director?

Jane Gural-Senders received 3,198 LTIP Units in one grant and 3,070 LTIP Units in another. Each LTIP Unit is linked to an equivalent number of Class A common shares via Operating Partnership units, giving the director additional equity-linked exposure to Postal Realty’s performance.

How are the LTIP Units for Postal Realty (PSTL) director valued?

The LTIP Units were granted at a stated price of $0.00 but valued using a volume weighted average price. The valuation used Postal Realty’s Class A common stock VWAP of $23.4503 over the 10 trading days immediately preceding June 2, 2026, to determine the grant’s economic value.

When do the Postal Realty (PSTL) LTIP Unit awards vest?

The LTIP Units granted to director Jane Gural-Senders vest over a three-year period starting from June 2, 2026. Vesting is subject to conditions, including continued service on Postal Realty’s board of directors through the applicable vesting dates under the company’s Alignment of Interest Program.

What can Postal Realty (PSTL) LTIP Units be converted into?

After specified events and vesting, the LTIP Units are convertible into Operating Partnership units. Those OP Units are redeemable for cash or, at Postal Realty’s election, for shares of Class A common stock on a one-for-one basis, giving flexibility between cash and share settlement.

Do the Postal Realty (PSTL) LTIP Units have an expiration date?

The LTIP Units granted to director Jane Gural-Senders do not have expiration dates. Once vested and subject to the program’s conditions, they remain outstanding until converted into Operating Partnership units and subsequently redeemed for either cash or Class A common stock at the issuer’s election.