COOPER MILTON 4
4 · GETTY REALTY CORP /MD/ · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Getty Realty (GTY) Director Milton Cooper Receives 7,000 RSU Award
What Happened Milton Cooper, a director of Getty Realty Corp. (GTY), received a grant of 7,000 restricted stock units (RSUs) on March 2, 2026. The award is a derivative compensation grant (code A) received for no cash consideration. The RSUs do not have a per-share purchase price and will be settled in shares or cash at the Compensation Committee’s discretion.
Key Details
- Transaction date: 2026-03-02 (Form 4 filed 2026-03-03) — filing appears timely.
- Award: 7,000 RSUs (derivative), acquisition type: Grant (A); price: N/A.
- Vesting: RSUs vest ratably over 5 years beginning on the first anniversary of the grant, subject to continued service; certain termination or death provisions can accelerate vesting; the Committee may permit retirement vesting.
- Settlement: RSUs are settled in common stock or cash (Committee’s discretion) within 30 days after each vesting date.
- Consideration: RSUs were received for no consideration.
- Shares owned after transaction: Not specified in the provided filing excerpt.
Context This is a standard director compensation award rather than an open-market purchase or sale. RSUs represent a promise of future shares or cash upon vesting, so they do not convey immediate transferable stock or guaranteed cash value until settled. Such grants are common for board members and are primarily a retention/compensation mechanism.
Insider Transaction Report
- Award
Restricted Stock Unit
[F1][F2][F3]2026-03-02+7,000→ 74,500 total→ Common Stock (7,000 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 5 years commencing on the 1st anniversary of the grant date, subject to continued service with the Issuer on each vesting date, except that to the extent unvested, RSUs fully vest upon death or upon termination of service for any reason other than the Reporting Person voluntarily electing to resign from the Board, voluntarily electing not to stand for re-election, or being involuntarily removed from the Board (excluding a failure to be re-elected by the stockholders). RSUs may also vest in the discretion of the Compensation Committee upon retirement from the Board, 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 the Reporting Person for no consideration.