Form 4: Getty Realty Director Howard Safenowitz Reports Gift of Shares to Adult Children

Director Howard Safenowitz reported gifting 3,900 shares of Getty Realty Corp common stock to his adult children on May 23, 2024.

Summary

• On May 23, 2024, Howard B. Safenowitz, a director of Getty Realty Corp, reported a transaction involving the gifting of 3,900 shares of common stock to his adult children.
• The transaction was executed on May 23, 2024.
• Following the transaction, Safenowitz directly owns 141,674 shares.
• Safenowitz also indirectly owns shares through various limited partnerships and his spouse, but disclaims beneficial ownership except to the extent of his pecuniary interest.
• The filing also details the number of shares held indirectly through several limited partnerships and by his spouse.

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting a gift of shares, which is a neutral event from an investment perspective.

Industry Context

Form 4 filings are routine disclosures required by the SEC to provide transparency into the transactions of company insiders. This particular filing indicates a gift of shares, which is a common estate planning strategy.

Stakeholder Impact

• The gift of shares may have a minor impact on the overall shareholder base, but is unlikely to significantly affect the company's operations or financial performance.

Key Dates