Getty Realty Corp. Announces Chief Accounting Officer Change and Separation

What Happened Getty Realty Corp. amended a prior 8-K to disclose a Separation Agreement executed August 14, 2026 between the company and outgoing Chief Accounting Officer Eugene Shnayderman. The company previously reported that Nicole Rapport would succeed Mr. Shnayderman and that his last day was August 14, 2026. The amendment provides the financial and equity settlement terms of his departure.

Key Details

• Cash separation payment of $300,000 (subject to withholding).
• Reimbursement for accrued unused paid time off and reimbursement of COBRA premiums for Mr. Shnayderman and eligible dependents through February 28, 2027 (COBRA paid as a lump sum within 30 days).
• Equity treatment: Mr. Shnayderman holds 108,650 restricted stock units (RSUs) as of the Separation Date — 62,750 were already vested (to be settled in shares); the remaining unvested RSUs will be fully vested as of the Separation Date and will be settled in a lump‑sum cash payment equal to the fair market value per share on the settlement date.
• The full Separation Agreement will be filed as an exhibit to Getty Realty’s Form 10-Q for the quarter ending September 30, 2026.

Why It Matters This filing clarifies the direct cash and equity costs tied to the CAO transition. Investors should note the $300,000 cash payment, COBRA reimbursement, and the accelerated vesting with mixed settlement (shares for already-vested RSUs and cash for newly-accelerated RSUs), which could affect near-term cash outflows and share count depending on settlement timing. Watch the company’s upcoming 10-Q for the complete agreement and any related compensation or expense disclosures.