Postal Realty Trust (NYSE: PSTL) president logs RSU vesting, LTIP awards and tax share withholdings

Rhea-AI Filing Summary

Postal Realty Trust president Jeremy Garber reported several equity compensation events and related tax withholdings. On January 29, 2026, 17,300 performance-based RSUs from a 2023 award vested, following achievement of performance goals, and converted into Class A common stock on a one-for-one basis.

Shares were withheld to cover taxes tied to this vesting. On February 1, 2026, Garber received 12,003 restricted shares that vest over three years, with additional shares withheld for taxes on earlier restricted stock awards. He was also granted 91,288 LTIP units in lieu of cash compensation and 14,671 market-based RSUs that may vest based on performance through December 31, 2028.

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

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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^*

Garber Jeremy

(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)
	Pres., Treasurer & Secretary

3. Date of Earliest Transaction (Month/Day/Year)
01/29/2026

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
Class A common stock	01/29/2026		M		17,300(1)	A	$0(2)	243,387	D
Class A common stock	01/29/2026		F		6,761(3)	D	$17.67	236,626	D
Class A common stock	02/01/2026		A		12,003(4)	A	$0	248,629	D
Class A common stock	02/01/2026		F		5,264(5)	D	$18.23	243,365	D

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	(6)	01/29/2026		M			14,052	(1)	(1)	Class A common stock	14,052	$0(1)	36,568	D
LTIP Units(7)(8)(9)	(7)	02/01/2026		A		91,288		(8)	(7)	Class A common stock	91,288	$17.7136(10)	309,176	D
Restricted Stock Units(11)	(12)	02/01/2026		A		14,671		(12)	(12)	Class A common stock	14,671	$0(12)	51,239	D

Explanation of Responses:

1. As previously reported, on February 2, 2023, the Reporting Person was granted 14,052 performance-based restricted stock units (the "2023 RSUs"), and, depending on the level of achievement of certain performance-based hurdles during the three-year performance period ended on December 31, 2025 (the "Measurement Period"), the actual number of 2023 RSUs earned could range from 0% to 200% of Target 2023 RSUs. On January 29, 2026, 17,300 2023 RSUs, equating to 123.1% of Target 2023 RSUs, vested based on the achievement of certain performance goals during the Measurement Period after the Corporate Governance and Compensation Committee of the Board of Directors of Postal Realty Trust, Inc. (the "Issuer") certified the Reporting Person's achievement relative to the applicable performance objectives during the Measurement Period and approved the vesting of the 2023 RSUs with respect to these shares.

2. In accordance with the Issuer's 2019 Equity Incentive Plan, as amended (the "Plan"), the 2023 RSUs convert into the Issuer's Class A common stock on a one-for-one basis.

3. Reflects shares of the Issuer's Class A common stock withheld to satisfy a tax withholding obligation in connection with the vesting of 2023 RSU's reported herein.

4. Reflects a grant of restricted shares of the Issuer's Class A common stock that vest ratably on the first, second and third anniversaries of February 1, 2026, subject to the Reporting Person's continued service as an employee through the applicable vesting date.

5. Reflects shares of the Issuer's Class A common stock withheld to satisfy a tax withholding obligation in connection with the vesting of restricted stock awards granted to the reporting person on January 31, 2023, February 12, 2024 and January 31, 2025.

6. Each RSU represents a contingent right to receive shares of the Issuer's Class A common stock.

7. 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.

8. Reflects LTIP Unit grants in lieu of cash compensation that vest on the eighth anniversary of February 1, 2026, subject to certain conditions.

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

10. 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 February 1, 2026, which was $17.7136

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

12. 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.

Remarks:

	/s/ Joseph Antignani, attorney-in-fact	02/02/2026
	** Signature of Reporting Person	Date
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FAQ

What insider transactions did PSTL executive Jeremy Garber report?

Jeremy Garber reported multiple equity compensation events, including vesting of 17,300 performance-based RSUs, grants of restricted stock and LTIP units, and share withholdings to cover tax obligations. All positions relate to Postal Realty Trust Class A common stock or equity-linked awards.

How many Postal Realty Trust 2023 RSUs vested for PSTL executive Jeremy Garber?

17,300 performance-based 2023 RSUs vested for Jeremy Garber, equating to 123.1% of the target amount. These units vested after the compensation committee certified performance over a three-year period ending December 31, 2025, and converted into Class A common stock one-for-one.

Why were PSTL shares withheld in Jeremy Garber’s Form 4 transactions?

Shares of Postal Realty Trust Class A common stock were withheld to satisfy tax withholding obligations. These obligations arose from the vesting of 2023 performance-based RSUs and previously granted restricted stock awards, rather than from discretionary open-market sales by Jeremy Garber.

What new restricted stock did PSTL grant to Jeremy Garber on February 1, 2026?

Postal Realty Trust granted Jeremy Garber 12,003 restricted shares of Class A common stock on February 1, 2026. These shares vest in three equal installments on the first, second, and third anniversaries of that date, contingent on his continued employment with the company.

What are the LTIP Units granted to PSTL executive Jeremy Garber?

Jeremy Garber received 91,288 LTIP Units in lieu of cash compensation. These partnership units can, upon vesting and certain events, convert into OP Units that are redeemable for cash or, at the issuer’s election, an equivalent number of Postal Realty Trust Class A common shares.

How do the 2026 RSUs for PSTL’s Jeremy Garber work?

Garber was granted 14,671 market-based 2026 RSUs, with potential payout between 0% and 200% of this amount. Vesting depends on achieving performance-based hurdles and continued employment over a three-year period ending December 31, 2028, after which vested units settle in Class A common stock.