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Postal Realty Trust Executive Compensation (FY25)

PSTL · Cedarhurst, NY · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
Andrew Spodek
Latest say-on-pay support
=
May 15, 2026
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Data as of October 22, 2026Latest filing (8-K): May 19, 2026
7 filings cited on this page
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Postal Realty Trust brief$1,500Get the executive brief
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128 figures on this page: 126 cited to the filing that reported them, 2 calculated from figures it prints. See the citations
This company is not required to report a chief executive pay ratio.

More on Postal Realty Trust

Five data products on this company. Each one is requested through the developer setup page.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — Andrew Spodek: $3,282,812 → $3,692,254 (12.5% higher)
Say-on-pay support: 93.0% → 96.2% (3.2 points higher)

Frequently asked questions

Answers drawn from the data on this page.
Who is Postal Realty Trust's chief executive and what were they paid?
Andrew Spodek was paid $3,692,254 in total compensation as Chief Executive Officer for fiscal 2025. Spodek's total moved 12.5% higher from the $3,282,812 reported for fiscal 2024.
What was Postal Realty Trust's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 96.2% of votes cast for or against in favor at the meeting held May 15, 2026.
Which companies are in Postal Realty Trust's peer group?
The disclosed peer group names BRT Apartments Corp., City Office REIT, Inc., Clipper Realty Inc., Community Healthcare Trust Incorporated and CTO Realty Growth, Inc., among others.

Executive compensation

Every element reported for each named executive officer, by fiscal year.
Fiscal 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Andrew Spodek
Chief Executive Officer
◇◇◇———◇◇
Jeremy Garber
President, Treasurer and Secretary
◇◇◇———◇◇
Robert Klein
Chief Financial Officer
◇◇◇———◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Andrew Spodek
Chief Executive Officer
◇◇◇———◇◇
Jeremy Garber
President, Treasurer, Company Secretary
◇◇◇———◇◇
Robert Klein
Chief Financial Officer
◇◇◇———◇◇
Fiscal 2024
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Andrew Spodek
Chief Executive Officer and Director
◇◇◇———◇◇
Jeremy Garber
President, Treasurer & Secretary
◇◇◇———◇◇
Robert Klein
Chief Financial Officer
◇◇◇———◇◇
Fiscal 2025
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Andrew Spodek
Chief Executive Officer
◇◇◇———◇◇
Jeremy Garber
President, Treasurer & Secretary
◇◇◇———◇◇
Robert Klein
Former Chief Financial Officer
Departed during or after this year
◇—◇———◇◇
Stephen Bakke
Chief Financial Officer
◇◇◇———◇◇
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.

Equity awards granted

Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
Andrew SpodekOTHER——————◇
Jeremy GarberOTHER——————◇
Robert KleinOTHER——————◇
Stephen BakkeOTHER——————◇
Fiscal 2022, 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.

Outstanding awards

Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Jeremy GarberPSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
Andrew SpodekRSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
Stephen BakkeRSU◇◇——
PSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
Andrew Spodek
Chief Executive Officer · Employment agreement
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Patrick R. Donahoe
Board chair
◇◇————◇
Barry Lefkowitz
◇◇————◇
Anton Feingold
◇◇————◇
Jane Gural-Senders
◇◇————◇
Andrew Spodek served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Disclosed peer group

The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
  • BRT Apartments Corp. BRT
  • City Office REIT, Inc. CIO
  • Clipper Realty Inc. CLPR
  • Community Healthcare Trust Incorporated CHCT
  • CTO Realty Growth, Inc. CTO
  • Farmland Partners Inc. FPI
  • Getty Realty Corp. GTY
  • Global Medical REIT, Inc. symbol not shown
  • Global Self Storage, Inc. SELF
  • NETSTREIT Corp. NTST
  • One Liberty Properties, Inc. OLP
  • Orion Office REIT Inc. ONL
  • Plymouth Industrial REIT, Inc. PLYM

Say-on-pay history

Shareholder support for the compensation program, by year.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 15, 2026=◇◇◇
2024May 16, 2025=◇◇◇

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Sample answer — “What is the CEO’s total compensation?”
- Andrew Spodek (Chief Executive Officer), FY2025 total compensation $3,692,254 (base salary $383,838) [exec_comp, SEC accession 0001140361-26-012804, filed 2026-04-01]

Answered within 24 hours, every figure cited to its SEC filing. If our database cannot answer your question, you are refunded automatically.

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What this page does not include

Everything above is a fact Postal Realty Trust disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where Postal Realty Trust sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500
Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500
Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $499
Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion Intelligence
Adviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
128 figures on this page: 126 cited to the filing that reported them, 2 calculated from figures it prints.
126 cited to the filing
2 calculated from the filing

Documents cited

  1. 0001628280-26-036471
    Item 5.07 Submission of Matters to a Vote of Security Holders
  2. 0001140361-26-012804
    Director Compensation · Outstanding Equity Awards at Fiscal Year-End · Summary Compensation Table · TABLE OF CONTENTS EXECUTIVE OFFICER AND DIRECTOR COMPENSATION
  3. 0001628280-25-026518
    Item 5.07 Submission of Matters to a Vote of Security Holders
  4. 0001140361-25-011887
  5. 0001140361-24-016589
  6. 0001628280-23-034828
    Employment Agreement
  7. 0001213900-23-032488
Cite this data
This page is free to cite. Attribution we ask for:
Velarion, “Postal Realty Trust executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/PSTL (accessed 2026).
Short form: data: Velarion

The paid brief for Postal Realty Trust

Positioning against its disclosed peers, the governance read, incentive design, and the CD&A alignment analysis; the full peer table; a committee-ready PDF.
From $499 for the board report; $2,400 for both.
Get the executive briefGet the board briefNo account needed.
7 filings cited on this page
Method: intel.velarion.ai/methodology
A report that fails to generate is refunded in full
Published by Velarion Company Intelligence
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Real Estate rankings

Chief executive pay — Real EstateCEO pay ratio — Real EstateSay-on-pay support — Real Estate

Peers Postal Realty Trust discloses

The companies named in PSTL's own disclosed peer group.

BRT Apartments Corp.City Office REIT, Inc.Clipper Realty Inc.Community Healthcare Trust IncorporatedCTO Realty Growth, Inc.Farmland Partners Inc.Getty Realty Corp.Global Self Storage, Inc.NETSTREIT Corp.One Liberty Properties, Inc.Orion Office REIT Inc.Plymouth Industrial REIT, Inc.

Terms on this page

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
  author = {{Velarion Company Intelligence}},
  title = {Velarion database: executive and board compensation data},
  year = {2026},
  version = {2026Q3},
  doi = {10.5281/zenodo.22283854},
  publisher = {Zenodo},
  url = {https://doi.org/10.5281/zenodo.22283854}
}
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