NTST.NYSENetstreit CORP

Form 4: NETSTREIT Corp. Executive Mark Manheimer Reports Stock Transactions

Sentiment:

SEC Form 4 Filing

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Mark Manheimer, President, CEO, and Secretary of NETSTREIT Corp., reports the vesting of restricted stock units and associated tax withholding.

Summary

  • On March 8, 2025, Mark Manheimer, President, CEO, and Secretary of NETSTREIT Corp., reported transactions involving NETSTREIT Corp. common stock.
  • Specifically, 4,842 restricted stock units (RSUs) vested, each representing a contingent right to receive one share of common stock.
  • The vesting of these RSUs resulted in the acquisition of 4,842 shares of common stock.
  • Additionally, 1,906 shares were withheld by the issuer to satisfy mandatory tax withholding requirements at a price of $15.17 per share.
  • Following these transactions, Manheimer directly owns 298,188 shares of NETSTREIT Corp. common stock and 9,684 restricted stock units.

Sentiment

Score: 5

Explanation: This is a neutral event. It's a standard reporting of insider transactions related to compensation.

Industry Context

This Form 4 filing is a routine disclosure required by the SEC when company insiders, like the CEO, trade in their company's stock. It provides transparency to the market regarding insider activity.

Stakeholder Impact

  • The transaction has a minimal impact on shareholders as it is a routine part of executive compensation.

Key Dates

DateDescription
03/08/2024Reporting person was granted 14,526 RSUs pursuant to the Issuer's 2019 Omnibus Incentive Compensation Plan, vesting in substantially equal installments on each of the first three anniversaries of the grant date.
03/08/2025Date of transaction: Vesting of 4,842 Restricted Stock Units and tax withholding.
03/10/2025Date of signature on the Form 4 filing.

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