4//SEC Filing
LEFKOWITZ BARRY 4
Accession 0001628280-23-034998
CIK 0001759774other
Filed
Oct 23, 8:00 PM ET
Accepted
Oct 24, 4:39 PM ET
Size
12.2 KB
Accession
0001628280-23-034998
Insider Transaction Report
Form 4
LEFKOWITZ BARRY
Director
Transactions
- Conversion
Class A common stock
2023-10-20+2,673→ 27,124 total - Conversion
OP Units
2023-10-20−2,673→ 0 total→ Class A common stock (2,673 underlying) - Conversion
LTIP Units
2023-10-20−2,673→ 20,684 total→ Class A common stock (2,673 underlying) - Conversion
OP Units
2023-10-20+2,673→ 2,673 total→ Class A common stock (2,673 underlying)
Footnotes (3)
- [F1]2,673 of the reporting person's long term-incentive units ("LTIP Units") in Postal Realty LP (the "Operating Partnership"), of which Postal Realty Trust, Inc. (the "Issuer") is the general partner, were converted into common units of limited partnership interests ("OP Units") in the Operating Partnership by the reporting person and the OP Units were redeemed for an equal number of shares of the Issuer's Class A common stock in accordance with the Operating Partnership's Partnership Agreement.
- [F2]Represents LTIP Units in the Operating Partnership issued as incentive compensation pursuant to the Issuer's director compensation program. Conditioned upon minimum allocations to the capital accounts of the LTIP Units for federal income tax purposes, each LTIP Unit may be converted, at the election of the Operating Partnership or the holder, into an OP Unit. Each OP Unit acquired upon conversion of an LTIP Unit may be presented for redemption for, 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 have no expiration date.
- [F3]Represents OP Units in the Operating Partnership. Each OP Unit may be presented for redemption for, 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. OP Units have no expiration date.
Documents
Issuer
Postal Realty Trust, Inc.
CIK 0001759774
Entity typeother
Related Parties
1- filerCIK 0001032809
Filing Metadata
- Form type
- 4
- Filed
- Oct 23, 8:00 PM ET
- Accepted
- Oct 24, 4:39 PM ET
- Size
- 12.2 KB