Form 4: NETSTREIT Corp. Executive Gibbs Reports Stock Transactions

Patricia Gibbs, SVP and CAO of NETSTREIT Corp., reports the vesting of restricted stock units and associated tax withholding.

Summary

• On March 8, 2024, Patricia Gibbs, SVP and CAO of NETSTREIT Corp., reported transactions involving common stock and restricted stock units (RSUs).
• Gibbs vested 1,050 RSUs, receiving 1,050 shares of common stock.
• The company withheld 346 shares to satisfy tax obligations related to the RSU vesting at a price of $17.4 per share.
• Additionally, 2,102 shares of common stock were awarded due to the issuer meeting certain performance criteria related to performance-based RSUs granted on March 8, 2021.
• The company withheld 692 shares to satisfy tax obligations related to the issuance of vested common shares at a price of $17.4 per share.
• Following these transactions, Gibbs directly owns 12,708 shares of NETSTREIT Corp. common stock.

Sentiment

Score: 5

Explanation: This is a neutral report of stock transactions, with no inherent positive or negative sentiment.

Industry Context

This filing is a routine disclosure of stock transactions by a company executive, which is common for publicly traded companies.

Stakeholder Impact

• The transactions have a minor impact on shareholders as they involve the vesting of previously granted equity compensation.

Key Dates