Form 4: CEO Acquires Getty Realty Shares via Holiday Grant

Getty Realty Corp.'s President and CEO, Christopher J. Constant, acquired 20 shares of common stock at $28.42 per share through an annual holiday employee grant program.

Summary

• Christopher J. Constant, President & CEO and Director of Getty Realty Corp. (GTY), acquired 20 shares of common stock.
• The transaction occurred on December 18, 2025, at a price of $28.42 per share.
• The shares were issued as part of the Issuer's annual holiday employee grant program.
• Following this transaction, Mr. Constant beneficially owns 1,242 shares of Getty Realty Corp. common stock directly.
• The total beneficial ownership also includes an increase of 108 shares since the last report, attributed to enrollment in the Issuer's dividend reinvestment program.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 7

Explanation: The filing reports an insider acquisition of shares by the CEO, which is generally a positive signal as it aligns management's interests with shareholders. The shares were acquired through an employee grant and dividend reinvestment, indicating structured compensation and long-term commitment. No negative information is present.

Positives

• Management (President & CEO, Director) is increasing their direct ownership in the company, aligning interests with shareholders.
• The acquisition was part of an annual holiday employee grant program, indicating a structured compensation and retention strategy.
• The reporting person also increased holdings by 108 shares through a dividend reinvestment program, showing continued confidence and long-term investment.

Future Outlook

The filing does not provide specific forward-looking statements or guidance beyond the reported transaction.

Management Comments

• Shares were issued pursuant to Issuer's annual holiday employee grant program.
• Beneficial ownership includes an increase of 108 shares issued to the reporting person since the date of the last report as a result of enrollment in the Issuer's dividend reinvestment program.

Industry Context

This Form 4 filing reports an insider transaction, which is a routine disclosure for publicly traded companies. It reflects an executive's direct investment in the company, which can be viewed positively by the market as it aligns management's interests with shareholders. Getty Realty Corp. operates in the real estate sector, and such grants are common forms of executive compensation.

Comparison to Industry Standards

• Insider acquisitions, especially through employee grant programs, are standard practice across various industries, including real estate, as a means of executive compensation and alignment.
• Dividend reinvestment programs are also common mechanisms for long-term shareholder engagement and increasing ownership, seen in many mature companies across sectors.
• The specific amount of shares acquired (20 shares) and the total beneficial ownership (1,242 shares) would need to be compared against peer executives in similar-sized REITs to assess if it represents a significant stake relative to industry norms, but this filing alone does not provide that context.

Stakeholder Impact

• **Shareholders:** The acquisition of shares by the CEO through an employee grant and dividend reinvestment program may be viewed positively, signaling management's confidence and alignment with shareholder interests.
• **Employees:** The annual holiday employee grant program indicates a benefit for employees, potentially boosting morale and retention.

Next Steps

• No specific future actions or milestones are mentioned in this Form 4 filing.

Key Dates

Recommendation

This Form 4 filing reports a routine insider acquisition of a relatively small number of shares by the CEO through an employee grant and dividend reinvestment program. While insider buying is generally a positive signal, this specific transaction is part of a compensation structure and does not indicate a significant new investment decision that would warrant a change in an existing 'hold' recommendation. It reinforces management's alignment but doesn't provide new fundamental data to alter the investment thesis.

Keywords

Getty Realty Corp, GTY, Insider Trading, Form 4, Stock Acquisition, CEO, Director, Employee Grant, Dividend Reinvestment Program, Christopher J. Constant