Jeremy Garber - Jan 31, 2022 Form 4 Insider Report for Postal Realty Trust, Inc. (PSTL)

Role: Pres., Treasurer & Secretary
Signature: /s/ Jie Chai, attorney-in-fact
Stock symbol: PSTL
Transactions as of: Jan 31, 2022
Transactions value $: $800,095
Form type: 4
Date filed: 2/2/2022, 04:23 PM
Previous filing: Jan 4, 2022
Next filing: May 18, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	PSTL	Class A common stock	Award	$800K	+46.2K	+23.81%	$17.33	240K	Jan 31, 2022	Direct	F1, F2
transaction	PSTL	Class A common stock	Award	$0	+12.3K	+5.11%	$0.00	252K	Jan 31, 2022	Direct	F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	PSTL	Restricted Stock Units	Award	$0	+12.3K	+44.68%	$0.00	39.7K	Jan 31, 2022	Class A common stock	12.3K		Direct	F4, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Reflects a grant of Postal Realty Trust, Inc.'s (the "Issuer") Class A common stock that vests on the eighth anniversary of February 1, 2022, subject to certain conditions.
F2	The restricted share grants of the Issuer's Class A common stock were granted in lieu of cash compensation. The price of the securities acquired by the Reporting Person is based on the average price of the Issuer's Class A common stock for the 10 trading days immediately preceding January 31, 2022, which was $17.3327.
F3	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 December 31, 2021, subject to the Reporting Person's continued service as an employee through the applicable vesting date.
F4	The Reporting Person may earn up to 150% of the Restricted Stock Units granted.
F5	The Restricted Stock Units are market-based awards and are subject to and will vest upon achievement of performance-based hurdles relating to the Issuer's absolute total stockholder return and continued employment with the Issuer during the period from the grant date through December 31, 2024. Upon vesting, the Restricted Stock Units 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 Restricted Stock Units were initially granted.