Postal Realty Trust, Inc. — Director's Dealing 2021

Feb 17, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Postal Realty Trust, Inc. (PSTL)
CIK: 0001759774
Period of Report: 2021-02-11

Reporting Person: Brandwein Matt (SVP & Chief Accounting Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-11	Class A common stock	A	6235	$16.04	Acquired	27454	Direct
2021-02-11	Class A common stock	A	4676	$0.00	Acquired	32130	Direct
2021-02-11	Class A common stock	A	6235	$0.00	Acquired	38365	Direct
2021-02-11	Class A common stock	A	3242	$0.00	Acquired	41607	Direct
2021-02-14	Class A common stock	F	606	$16.25	Disposed	41001	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-11	Restricted Stock Units	$	A	3242	Acquired		Class A common stock (3242)	Direct

Footnotes

F1: Reflects a grant of restricted shares of Class A common stock of Postal Realty Trust, Inc.'s (the "Issuer") in lieu of cash compensation that vested 100% on the date of grant.

F2: 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, 2021, which was $16.04.

F3: Includes purchases of 923 and 586 shares under the Issuer's 2019 Qualified Employee Stock Purchase Plan.

F4: 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, 2021, subject to the Reporting Person's continued service as an employee through the applicable vesting date.

F5: Reflects a grant of restricted shares of the Issuer's Class A common stock that vest on the eighth anniversary of February 1, 2021, subject to certain conditions.

F6: 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, 2020, subject to the Reporting Person's continued service as an employee through the applicable vesting date.

F7: Reflects shares withheld to satisfy tax withholding obligation in connection with the partial vesting of a restricted stock award granted on February 14, 2020.

F8: The Reporting Person may earn up to 100% of the Restricted Stock Units granted.

F9: 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, 2023. 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.