SAFENOWITZ HOWARD B 4
4 · GETTY REALTY CORP /MD/ · Filed Mar 3, 2026
Research Summary
AI-generated summary of this filing
Getty Realty (GTY) Director Howard B Safenowitz Receives 7,000 RSU Award
What Happened
Howard B. Safenowitz, a director of Getty Realty Corp. (GTY), was granted 7,000 restricted stock units (RSUs) on March 2, 2026. The Form 4 reports this as an award/acquisition (derivative); no per-share price or immediate cash value is listed because RSUs convert to shares or cash at settlement. The RSUs were received for no consideration.
Key Details
- Transaction date: 2026-03-02; filing date: 2026-03-03 (filed promptly).
- Amount: 7,000 RSUs (reported as a derivative award; price: N/A).
- Shares owned after transaction: not stated in the provided filing information.
- Footnote highlights:
- F1/F2: RSUs vest ratably over five years starting on the first anniversary of the grant, subject to continued service; unvested RSUs may fully vest on death or certain terminations, and the Compensation Committee may permit vesting on retirement.
- F1/F2: Settlement (in common stock or cash) is at the Compensation Committee’s discretion and, if stock, occurs within 30 days after each vesting date.
- F3: RSUs were granted for no consideration.
Context
RSU awards are compensation, not open-market purchases or sales; they represent a future right to receive shares or cash and typically vest over time, so they do not indicate an immediate buy/sell signal. Such grants are common for directors and are intended to align their interests with shareholders; they become economically meaningful as they vest and are settled.
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.