CONSTANT CHRISTOPHER J 4
4 · GETTY REALTY CORP /MD/ · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Getty Realty (GTY) CEO Christopher J. Constant Receives 62,500 RSUs
What Happened
Christopher J. Constant, President & CEO and a director of Getty Realty Corp. (GTY), received a grant of 62,500 restricted stock units (RSUs) on March 2, 2026. The Form 4 records the award as a derivative acquisition (code A); no per-share price or immediate share transfer is reported, and the RSUs were granted for no consideration.
Key Details
- Transaction date: 2026-03-02 (Form 4 filed 2026-03-03). Filing appears timely.
- Transaction type: Award/Grant of RSUs (derivative), 62,500 units; reported acquisition price: N/A.
- Shares owned after transaction: Not specified in the disclosed excerpt of the filing.
- Relevant footnotes:
- Each RSU is settled at the Compensation Committee’s discretion in one share of common stock or cash equal to fair market value on the settlement date.
- RSUs vest ratably over five years beginning one year after the grant, subject to continued service; unvested RSUs vest on termination without cause or death, and may vest on retirement at the committee’s discretion. RSUs are settled within 30 days following each vesting date.
- The RSUs were received for no consideration.
Context
RSU grants are a form of compensation, not an open-market purchase or sale. They represent a future right to receive shares (or cash) if vesting conditions are met, so they do not indicate an immediate change in share ownership or insider sentiment. Retail investors should view this as routine executive compensation tied to future service and performance conditions.
Insider Transaction Report
- Award
Restricted Stock Unit
[F1][F2][F3]2026-03-02+62,500→ 387,000 total→ Common Stock (62,500 underlying)
Footnotes (3)
- [F1]Each Restricted Stock Unit (RSU) is settled at the discretion of the Compensation Committee in one share of common stock or in cash in an amount equal to the fair market value of one 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, subject to continued service with the Issuer on each respective vesting date, except that, to the extent unvested, RSUs fully vest upon termination of service without cause or death. RSUs may also vest in the discretion of the Compensation Committee upon retirement from employment, subject to the terms of the Issuer's third Amended and Restated 2004 Omnibus Incentive Compensation Plan and the applicable grant agreement. RSUs are settled in cash or common stock, in the discretion of the Compensation Committee, within thirty (30) days following the applicable vesting date.
- [F3]The RSUs were received by reporting person for no consideration.