Form 4: Getty Realty Corp Director Philip E. Coviello Jr. Donates Shares to Charitable Foundation
SEC Form 4 Filing
Director Philip E. Coviello Jr. of Getty Realty Corp donated 25,983 shares of common stock to a charitable foundation on May 6, 2024.
Summary
- On May 6, 2024, Philip E. Coviello Jr., a director of Getty Realty Corp, donated 25,983 shares of the company's common stock to a charitable foundation.
- The shares were held by a Charitable Remainder Trust, of which Coviello is the sole trustee.
- The transaction was reported on May 8, 2024, in a Form 4 filing with the SEC.
Sentiment
Score: 5
Explanation: The document is a neutral regulatory filing regarding a stock transaction. It doesn't inherently convey positive or negative sentiment about the company's performance or prospects.
Industry Context
This transaction is a routine disclosure of insider activity and doesn't necessarily reflect a broader trend in the REIT sector or among Getty Realty's competitors. Directors often make charitable donations for personal financial planning reasons.
Stakeholder Impact
- The donation of shares by a director has a negligible impact on shareholders, employees, customers, suppliers, and creditors.
Key Dates
| Date | Description |
|---|---|
| 05/06/2024 | Date of the gift of 25,983 shares of Common Stock to a Charitable Foundation. |
| 05/08/2024 | Date of signature on the Form 4 filing. |
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