SAFENOWITZ HOWARD B 4

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.