Postal Realty director awarded LTIP units

Postal Realty Trust, Inc. director Anton Feingold reported receiving two grants of LTIP Units as compensation.

Rhea-AI Filing Summary

Postal Realty Trust, Inc. director Anton Feingold reported receiving two grants of LTIP Units as compensation. One award covered 3,198 LTIP Units and another 4,093 LTIP Units, each economically tied to an equivalent number of shares of Class A common stock.

The LTIP Units are partnership units in Postal Realty LP that can convert into Operating Partnership units and then be redeemed for cash or, at the issuer’s election, Class A common stock on a one-for-one basis. The awards were granted in lieu of cash compensation, using a volume weighted average share price of $23.4503, and are subject to multi‑year vesting beginning on June 2, 2026 with continued board service required.

Insider Trade Summary

Grant/Award: 7,291 shares

Grant/Award 2 txns

Insider FEINGOLD ANTON

Role Director

Type	Security	Shares	Price	Value
Grant/Award	LTIP Units	4,093	$0.00	$0.00
Grant/Award	LTIP Units	3,198	$0.00	$0.00

Holdings After Transaction: LTIP Units — 44,962 contracts (Direct)

Footnotes (5)

1. F1. 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. F2. 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. F3. The LTIP Units are a class of limited partnership units of Postal Realty LP.
4. F4. 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. F5. 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.

Key Figures

LTIP Units granted: 3,198 LTIP Units LTIP Units granted: 4,093 LTIP Units Holdings after transaction: 44,962 LTIP Units +3 more

6 metrics

LTIP Units granted 3,198 LTIP Units Grant/award acquisition on June 2, 2026

LTIP Units granted 4,093 LTIP Units Second grant/award acquisition on June 2, 2026

Holdings after transaction 44,962 LTIP Units Total LTIP Units following one reported grant

Holdings after transaction 41,764 LTIP Units Total LTIP Units following the other reported grant

Reference share price $23.4503 per share 10‑day VWAP of Class A common stock preceding June 2, 2026

Underlying shares per LTIP Unit 1.0 share Each LTIP Unit tied to one Class A common share via OP Unit

Key Terms

LTIP Units, Operating Partnership, OP Units, Alignment of Interest Program, +1 more

5 terms

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..."

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..."

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.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Postal Realty Trust (PSTL) director Anton Feingold report on this Form 4?

Anton Feingold reported receiving two grants of LTIP Units as compensation. The awards cover 3,198 and 4,093 LTIP Units, each linked to an equivalent number of Postal Realty Class A common shares through the Operating Partnership structure.

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

The director received one grant of 3,198 LTIP Units and a second grant of 4,093 LTIP Units. Each LTIP Unit is designed to correspond economically to one share of Class A common stock through conversion and redemption mechanics.

Are the Postal Realty (PSTL) LTIP Unit grants cash transactions?

No, the LTIP Units were granted in lieu of cash compensation. The value of the securities is based on the 10‑day volume weighted average price of Postal Realty’s Class A common stock before June 2, 2026, which was $23.4503 per share.

When do the Postal Realty (PSTL) LTIP Units reported by Anton Feingold vest?

The footnotes state these LTIP Units are subject to multi‑year vesting schedules beginning on June 2, 2026. Vesting depends on specific anniversary dates and requires continued service on Postal Realty’s board of directors through each applicable vesting date.

Can the Postal Realty (PSTL) LTIP Units be converted into common stock?

Yes. After certain events and vesting, LTIP Units can convert into Operating Partnership units. Those units are redeemable for cash or, at Postal Realty’s election, for shares of Class A common stock on a one‑for‑one basis or their cash value.

What price was used to determine the value of the Postal Realty (PSTL) LTIP Unit grants?

The LTIP Unit grants were valued using the volume weighted average price of Postal Realty’s Class A common stock. This price, for the 10 trading days immediately before June 2, 2026, was $23.4503 per share, according to the footnotes.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/04/2026 - 04:09 PM Learn about SEC filing dates

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

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^*

FEINGOLD ANTON

(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)

X	Director		10% 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)

X	Form 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)
			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
LTIP Units(1)(2)(3)	(1)	06/02/2026		A		4,093		(2)	(1)	Class A common stock	4,093	(4)	41,764	D
LTIP Units(1)(3)(5)	(1)	06/02/2026		A		3,198		(5)	(1)	Class A common stock	3,198	$0	44,962	D

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-fact	06/04/2026
	** 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.
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)