Form 4: Getty Realty Corp Director Malanoski Reports Transaction in Restricted Stock Units

Director Mary Louise Malanoski reports the acquisition and disposal of Restricted Stock Units (RSUs) in Getty Realty Corp.

Summary

• Mary Louise Malanoski, a director of Getty Realty Corp, filed a Form 4 detailing changes in beneficial ownership.
• On March 3, 2025, Malanoski acquired 7,000 Restricted Stock Units (RSUs).
• On the same day, Malanoski disposed of 52,000 RSUs.
• The RSUs vest ratably over 5 years, commencing on the first anniversary of the grant date, subject to continued service.
• Unvested RSUs fully vest upon death or termination of service for reasons other than voluntary resignation or removal from the board.
• Settlement of RSUs, in cash or common stock, occurs at the discretion of the Compensation Committee upon the earlier of the 10th anniversary of the grant date or termination of service.

Sentiment

Score: 5

Explanation: The document is a routine regulatory filing, so the sentiment is neutral.

Industry Context

Form 4 filings are standard practice for corporate insiders to report transactions in their company's securities, ensuring transparency and compliance with SEC regulations.

Stakeholder Impact

• The filing provides transparency to shareholders regarding insider transactions.
• The vesting terms of the RSUs may incentivize the director to remain with the company.

Key Dates