Form 4: Getty Realty Corp Director Coviello Reports Stock Transactions

Director Philip E. Coviello Jr. reports acquisition and disposal of Getty Realty Corp restricted stock units (RSUs).

Summary

• On March 3, 2025, Philip E. Coviello Jr., a director of Getty Realty Corp, reported transactions involving Restricted Stock Units (RSUs).
• Coviello acquired 7,000 RSUs and disposed of 5,000 RSUs.
• Following these transactions, Coviello beneficially owns 67,500 RSUs.
• The RSUs vest ratably over 5 years, commencing on the first anniversary of the grant date, subject to continued service.
• Vesting accelerates upon death or termination of service (excluding voluntary resignation or removal from the board).
• Settlement of RSUs can be in cash or common stock at the discretion of the Compensation Committee.
• The settlement will occur on the earlier of the 10th anniversary of the grant date or termination of service.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing, so the sentiment is neither positive nor negative.

Positives

• The vesting schedule of the RSUs incentivizes continued service with Getty Realty Corp.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders.

Stakeholder Impact

• Shareholders are informed about the transactions of a company director, providing transparency.

Key Dates