Form 4: Getty Realty Corp Director Howard Safenowitz Reports Share Transfers and Acquisitions Related to Estate Administration

Director Howard Safenowitz reports multiple transactions involving Getty Realty Corp shares, primarily related to the administration of the estate of Marilyn Safenowitz, including gifts, transfers, and distributions to trusts and partnerships.

Summary

• Howard Safenowitz, a director of Getty Realty Corp, filed a Form 4 detailing changes in beneficial ownership of the company's common stock.
• The transactions occurred on May 12 and 13, 2025.
• The reported transactions include gifts to adult children, transfers of shares by The Safenowitz Family Partnership (SFP) and Safenowitz Investment Partners (SIP) in connection with the administration of the estate of Marilyn Safenowitz, and distributions to various trusts and entities.
• Safenowitz serves as an estate fiduciary and is the President of Safenowitz Family Corp (SFC), which is the general partner of SFP and SIP.
• He also serves as the trustee and sole beneficiary of The Howard Safenowitz Exempt Trust and The Howard Safenowitz 2024 Irrevocable Trust.
• The transactions involve the transfer and acquisition of shares by various entities, including MSIT (The Marilyn Safenowitz Irrevocable Trust U/A/D 4/13/2000), SFC, SFP and SIP.
• The reporting person disclaims beneficial ownership of shares held by SFP and SIP, except to the extent of his pecuniary interest therein.
• The transactions did not involve any purchase or sale of shares for cash; all transactions are listed at $0.
• The transactions include both direct and indirect ownership changes.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing (Form 4) detailing transactions related to estate administration. It doesn't inherently convey positive or negative sentiment regarding the company's performance or outlook.

Industry Context

Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates activity related to estate planning and wealth transfer rather than direct market transactions.

Comparison to Industry Standards

• Form 4 filings are standard practice for publicly traded companies and their insiders.
• The transactions reported are specific to the individual's circumstances (estate administration) and do not provide a direct comparison to industry benchmarks.
• Similar filings can be observed across various REITs and other publicly traded companies when insiders engage in transactions such as stock option exercises, gifts, or transfers to trusts.

Key Dates

Keywords

Getty Realty Corp, Safenowitz, Director, Form 4, Beneficial Ownership, Estate Administration, Share Transfer, Trusts, Partnerships, GTY