Form 4: CEO Patrick Callan Jr. Receives OLP Restricted Stock

ONE LIBERTY PROPERTIES INC's President and CEO, Patrick Callan Jr., was granted 25,659 shares of restricted common stock under the company's 2025 Incentive Plan.

Summary

• Patrick Callan Jr., President and CEO, and a Director of ONE LIBERTY PROPERTIES INC (OLP), acquired 25,659 shares of common stock.
• These shares were issued as restricted stock on January 14, 2026, under the issuer's 2025 Incentive Plan.
• The acquisition price for these shares was $0.
• Following this transaction, Patrick Callan Jr. beneficially owns 439,216.956 shares of common stock.
• A portion of these shares, specifically 3,569, are expected to vest on or about March 25, 2026.
• The remaining shares are scheduled to vest on or about January 13, 2031, subject to the reporting person's continued relationship with the issuer.

Sentiment

Score: 7

Explanation: The filing indicates a routine executive compensation event, specifically a restricted stock grant, which is generally positive for aligning management incentives with shareholder interests. It does not, however, contain information that would significantly alter the company's fundamental outlook or financial performance.

Positives

• The grant of restricted stock aligns the interests of the President and CEO, Patrick Callan Jr., with those of the shareholders, incentivizing long-term performance.
• The transaction demonstrates the company's utilization of its 2025 Incentive Plan to retain and motivate key executives.

Future Outlook

The future outlook for Patrick Callan Jr.'s ownership of these specific shares is tied to the vesting schedule, with a portion vesting in March 2026 and the majority vesting in January 2031, contingent on his continued relationship with ONE LIBERTY PROPERTIES INC.

Industry Context

The grant of restricted stock to a President and CEO is a common practice in the real estate investment trust (REIT) industry, as well as broader corporate sectors, to provide long-term incentives and align executive interests with shareholder value creation.

Corporate Governance

Related Party Transactions

• The grant of 25,659 restricted shares to Patrick Callan Jr., President and CEO, constitutes a related party transaction as it involves compensation to a key executive.

Stakeholder Impact

• Shareholders: The grant aims to align management's long-term interests with shareholder value creation, potentially leading to improved company performance.
• Employees (specifically Patrick Callan Jr.): Provides a significant long-term incentive and compensation component, contingent on continued employment and company performance.

Next Steps

• Vesting of 3,569 restricted shares on or about March 25, 2026.
• Vesting of the remaining restricted shares on or about January 13, 2031.

Key Dates

Recommendation

This Form 4 reports a routine grant of restricted stock to the CEO as part of an incentive plan. While it aligns management interests with shareholders, it does not provide new fundamental information to alter an investment thesis. Therefore, a 'hold' recommendation is appropriate based solely on this filing.

Keywords

ONE LIBERTY PROPERTIES, OLP, Patrick Callan Jr., Restricted Stock, SEC Form 4, Executive Compensation, Incentive Plan, Stock Grant, Director, CEO