MONTAG RICHARD E 4
4 · GETTY REALTY CORP /MD/ · Filed Dec 17, 2020
Insider Transaction Report
Form 4
MONTAG RICHARD E
Director
Transactions
- Exercise/Conversion
Common Stock
2020-11-24+3,500→ 51,062 total - Exercise/Conversion
Restricted Stock Unit
2020-11-24−3,500→ 52,000 total→ Common Stock (3,500 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit (RSU) is settled, at the discretion of the Compensation Committee, in one (1) share of common stock or in cash in an amount equal to the fair market value of one (1) share of common stock, on the settlement date noted in footnote (2) below.
- [F2]RSUs vest ratably over five years commencing on the first anniversary of the date of grant and, to the extent unvested, fully vest (i) if the director is not nominated for re-election or is not re-elected by the stockholders, or (ii) upon death. RSUs are settled in cash or common stock, in the discretion of the Compensation Committee, upon the earlier of the tenth anniversary of the grant date (or the tenth anniversary of the first vesting date, for RSUs granted in 2016-2018), or termination of service as a director.
- [F3]The transaction represents settlement of fully vested RSUs in shares of common stock pursuant to the terms of a 2009 Restricted Stock Unit Agreement.