Form 4: Getty Realty Corp Executive Brian Dickman Reports Acquisition of 32,500 Restricted Stock Units

Brian Robert Dickman, EVP, CFO & Treasurer of Getty Realty Corp, reports the acquisition of 32,500 Restricted Stock Units (RSUs) on March 3, 2025.

Summary

• On March 3, 2025, Brian Robert Dickman, the EVP, CFO & Treasurer of Getty Realty Corp, reported acquiring 32,500 Restricted Stock Units (RSUs).
• The RSUs vest ratably over five years, starting on the first anniversary of the grant date, contingent upon continued service with the company.
• Unvested RSUs will fully vest upon termination of service without cause or death.
• The Compensation Committee has the discretion to settle the RSUs in either common stock or cash, equivalent to the fair market value of one share of common stock on the settlement date.
• Settlement will occur upon the earlier of the tenth anniversary of the grant date (or the tenth anniversary of the first vesting date for RSUs granted in 2016-2018) or termination of service.
• Following the transaction, Dickman directly owns 146,000 RSUs.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Positives

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

Future Outlook

The document does not contain any specific forward-looking statements regarding the company's future performance.

Industry Context

This Form 4 filing is a routine disclosure related to executive compensation and is common in publicly traded companies. It provides transparency into the equity holdings of company insiders.

Comparison to Industry Standards

• Executive compensation packages often include restricted stock units to align management's interests with those of shareholders.
• Vesting schedules of five years are fairly standard for RSUs.
• The discretion given to the Compensation Committee to settle in cash or stock is also a common practice.

Stakeholder Impact

• The RSU grant aligns executive interests with shareholder value.

Key Dates