Andrew Spodek is the CEO of Postal Realty Trust, Inc., where he has been in charge since its founding in June 2019. With a degree in Business Administration, his expertise lies in real estate. As a leader, Spodek focuses on...

Andrew Spodek is the CEO of Postal Realty Trust, Inc., where he has been in charge since its founding in June 2019. With a degree in Business Administration, his expertise lies in real estate. As a leader, Spodek focuses on aligning the company's goals with shareholder interests, especially through innovative compensation strategies that tie personal rewards to long-term performance. In 2023, his total compensation reached $2.59 million, with notable portions in bonuses. Notably, he has chosen to take his compensation in long-term incentive plan (LTIP) units, showing his commitment to the company’s future. Under his leadership, Postal Realty Trust has grown its portfolio significantly. His insider trading data shows stable value fluctuations around $12 million for most of 2023, suggesting a commitment to maintaining shareholder value. Spodek holds significant stakes in the company, which aligns his personal fortunes with that of the firm. He is also dedicated to maintaining transparency and ethical business practices, which he integrates into the company's culture.

Quick Links

1. Rivals

2. Holdings

3. Insider Trading

4. Compensation History

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Andrew Spodek

Founder and CEO of Postal Realty Trust

Education

M.S. in Real Estate from New York University and a B.B.A. in Finance & International Management from Boston University

Field of Expertise

Real Estate & Construction - Real Estate

Sector of Economy

Real Estate

Born

April 15, 1976 - 49 years ago

CEO of Postal Realty Trust for

5 years 10 months (Jun 2019 - Present)

Previous Experience

Founder and CEO of Nationwide Postal Management, Inc.

Rivals

Competitors/colleagues of Andrew Spodek

Holdings

See how much did Andrew Spodek make over time.

Andrew Spodek has shown a strong commitment to Postal Realty Trust through his holdings, with a notable total value fluctuating around $12 million at various points in 2023. At the beginning of the year, his holdings were valued at about...

Andrew Spodek has shown a strong commitment to Postal Realty Trust through his holdings, with a notable total value fluctuating around $12 million at various points in 2023. At the beginning of the year, his holdings were valued at about $12.57 million, demonstrating confidence in the company's direction. Throughout 2023, values tended to hover between $11.7 million and $12.7 million, indicating stability and a steady interest in the company. By the end of 2023, his holdings reached about $12.48 million. His significant ownership, amounting to over 30% of the voting rights in the company, aligns his financial interests closely with those of the company and its shareholders, reinforcing his commitment to long-term growth.

Insider Trading

See recent insider trades of Andrew Spodek.

PSTL

$103.58K

PSTL at $13.00/share

Dec 19, 2024

Purchase

PSTL

$156.41K

PSTL at $13.00/share

Jun 25, 2024

Purchase

PSTL

$17.09K

PSTL at $13.22/share

May 29, 2024

Purchase

PSTL

$115.36K

PSTL at $13.25/share

May 23, 2024

Purchase

PSTL

$135.00K

PSTL at $13.50/share

Apr 16, 2024

Purchase

PSTL

$137.50K

PSTL at $13.75/share

Apr 10, 2024

Purchase

PSTL

$267.46K

PSTL at $13.37/share

Sep 26, 2023

Purchase

PSTL

$137.50K

PSTL at $13.75/share

Sep 21, 2023

Purchase

PSTL

$140.00K

PSTL at $14.00/share

Sep 18, 2023

Purchase

PSTL

$119.85K

PSTL at $14.21/share

Sep 8, 2023

Purchase

Compensation History

See how much did Andrew Spodek make over time.

In 2023, Andrew Spodek received total compensation of approximately $2.59 million, reflecting a strategic choice to forego cash salary in favor of long-term incentive plan (LTIP) units. His bonus amounted to around $388,265, aligning his earnings with the company's performance. Notably, Spodek’s compensation structure emphasizes performance-driven rewards and long-term growth, which is a departure from typical salary models. This approach indicates he believes strongly in the future of Postal Realty Trust and wants to share in its success. Overall, his compensation not only reflects his personal achievements but also his incentive for the company to thrive.

Year

2023

Total Compensation

$950.08K

Salary

$0.00

Board Justification

The compensation philosophy aligns executive compensation with stockholder interests, focusing on performance-based incentives and long-term growth.

Bonus

$388.27K

Board Justification

The bonus earned by Mr. Spodek for services performed in 2023, which was foregone in exchange for LTIP units under the Alignment of Interest Program.

Other

$561.81K

Board Justification

Includes insurance premiums paid by the Company for medical benefits of Mr. Spodek.

Restricted Stock

$0.00(0 LTIP units)

Board Justification

No stock grants were vested in 2023 as all compensation was taken in the form of LTIP units and bonuses.

Performance Metrics

Performance metrics for the CEO's compensation include acquisition volume, financial measure targets, dividends, and qualitative measures.