SAFENOWITZ HOWARD B 4
Research Summary
AI-generated summary
Getty Realty (GTY) Director Howard Safenowitz Transfers Shares
What Happened
- Howard B. Safenowitz, a director of Getty Realty Corp. (GTY), reported multiple transfers on 2026-05-13 related to estate administration and gifts. The filing shows disposals of 1,867,651 shares (including a 3,119-share gift to adult children) and acquisitions of 621,511 shares; all transactions are reported at $0.00 (no cash proceeds reported). The largest single line is a 1,848,092-share disposition (code J), and a 616,031-share receipt (code J).
- These moves appear to be internal transfers and trust distributions tied to the administration of the estate of Marilyn Safenowitz and related family trusts rather than open-market buys or sales.
Key Details
- Transaction date: May 13, 2026; Form filed May 15, 2026 (appears timely — Form 4 is generally due within two business days).
- Reported amounts/prices: Dispositions — 1,848,092 (J), 16,440 (J), 3,119 (G); Acquisitions — 616,031 (J), 5,480 (J). All at $0.00.
- Net reported change on this filing: -1,246,140 shares (disposed 1,867,651 vs acquired 621,511).
- Shares owned after transaction: not stated in this filing.
- Notable footnotes: gifts to adult children (F1); transfers by Safenowitz Partners LP to multiple family irrevocable trusts as part of estate administration with Safenowitz serving as estate fiduciary (F3); reporting person is President of Safenowitz Family Corp. and disclaims beneficial ownership of SP-held shares except for pecuniary interest (F4); some shares were allocated to The Howard Safenowitz 2024 Irrevocable Trust (HSIT) and the Marilyn Safenowitz Irrevocable Trust (MSIT) with the reporting person trustee/beneficiary roles noted (F5–F9). Clerical corrections reduced two line items by 300 and 76 shares (F2, F7).
Context
- Code G = gift (these are transfers to individuals and do not reflect a market sale); code J = other acquisition/disposition (often used for trust transfers, estate administration, or similar non-market movements).
- These entries mainly reflect estate and trust reallocation rather than trading for investment reasons; gifts and estate transfers typically do not signal insider sentiment about the company’s stock price.