Form 4: NETSTREIT CAO Vests RSUs, Shares Withheld for Tax

NETSTREIT Corp.'s Chief Accounting Officer, Sofia Chernylo, reported the vesting of 6,033 restricted stock units and the disposition of 2,694 shares for tax withholding.

Summary

• Sofia Chernylo, Chief Accounting Officer (CAO) of NETSTREIT Corp. (NTST), reported transactions on January 13, 2026.
• 6,033 Restricted Stock Units (RSUs) vested, converting into common stock.
• 2,694 shares of common stock were disposed of by the issuer to satisfy mandatory tax withholding requirements upon the RSU vesting.
• The price per share for the tax withholding was $17.75.
• Following these transactions, Ms. Chernylo directly beneficially owns 3,339 shares of common stock.
• Ms. Chernylo also beneficially owns 12,070 derivative securities in the form of unvested Restricted Stock Units.
• The vested RSUs are part of a larger grant of 18,103 RSUs made on January 13, 2025, pursuant to the Issuer's Amended and Restated 2019 Omnibus Incentive Compensation Plan, vesting in substantially equal installments over three years.

Sentiment

Score: 5

Explanation: The filing reports a routine, pre-scheduled executive compensation event (RSU vesting and associated tax withholding) and does not contain information that would significantly alter the company's financial outlook or operational performance.

Positives

• The vesting of 6,033 Restricted Stock Units (RSUs) represents a scheduled compensation event, aligning executive interests with shareholder value.
• The transaction is part of a pre-arranged compensation plan, indicating stability in executive incentives and retention.

Negatives

• 2,694 shares of common stock were disposed of to cover mandatory tax withholdings, which reduces the direct share ownership, although this is a standard, non-discretionary event.

Future Outlook

The remaining 12,070 Restricted Stock Units (RSUs) are expected to vest in substantially equal installments on the subsequent anniversaries of the January 13, 2025 grant date, generally subject to continued service as an officer through each applicable vesting date.

Industry Context

NA

Stakeholder Impact

• Shareholders: The vesting and tax withholding are routine compensation events and do not indicate a significant change in company strategy or financial health. They reflect ongoing executive incentive alignment.
• Employees: The compensation structure for executives, including RSU grants, is part of the overall employee incentive framework.

Next Steps

• Future vesting of the remaining 12,070 Restricted Stock Units (RSUs) on the subsequent anniversaries of the January 13, 2025 grant date, generally subject to continued service.

Key Dates

Keywords

NETSTREIT Corp., NTST, Form 4, Insider Transaction, Restricted Stock Units, RSU, Stock Vesting, Executive Compensation, Sofia Chernylo, CAO, Common Stock, Tax Withholding