Form 4: OLP CFO Reports Stock Gifts Between Children

One Liberty Properties' Sr VP and CFO, Isaac Kalish, filed a Form 4 detailing gifts of common stock between his children.

Summary

• Isaac Kalish, Sr Vice President and CFO of One Liberty Properties Inc. (OLP), reported changes in beneficial ownership of common stock.
• On October 9, 2024, Kalish reported a gift transaction (Code G) involving the acquisition of 4,513.15 shares of common stock at a price of $0, held indirectly as custodian for a child pursuant to UGMA.
• Concurrently on October 9, 2024, a disposition of 4,513.15 shares of common stock at a price of $0 was reported, held indirectly by his daughter.
• A future gift transaction is reported for September 4, 2025, involving the disposition of 4,513.15 shares of common stock at a price of $0, held indirectly as custodian for a child pursuant to UGMA.
• Following the October 9, 2024 transactions, Kalish directly beneficially owns 90,245.871 shares, which includes shares acquired through the issuer's dividend reinvestment plan.
• Indirect beneficial ownership after the October 9, 2024 transactions includes 19,438 shares through Gould Investors L.P. Pension Trust, 155,033 shares through REIT Management Corp. pension and profit sharing trusts, 4,169 shares through BRT Apartments Corp. Pension Trust, 7,070.41 shares as custodian for a child, and 4,668.415 shares by his daughter.
• After the September 4, 2025 transaction, indirect ownership as custodian for a child will be 2,641.813 shares.
• Kalish disclaims beneficial interest in shares held as custodian for a minor and shares owned by his daughter.

Sentiment

Score: 5

Explanation: The filing reports routine insider gift transactions, which are generally considered neutral in terms of company performance or outlook.

Future Outlook

No forward-looking statements or guidance are provided in this insider transaction report.

Industry Context

Insider transaction reports (Form 4) are routine disclosures for publicly traded companies, detailing changes in beneficial ownership by officers, directors, and significant shareholders. These specific transactions, being gifts between family members, are generally considered neutral and do not typically reflect broader industry trends or competitive positioning.

Related Party Transactions

• Gifts of common stock occurred between children of the reporting person.
• Indirect beneficial ownership is held through various pension and profit sharing trusts (Gould Investors L.P. Pension Trust, REIT Management Corp. Pension Plan, REIT Management Corp. 401(k) Tax Deferred Savings Plan Profit Sharing Trust, BRT Apartments Corp. Pension Trust) where the reporting person serves as a trustee.
• Shares are held indirectly as custodian for a minor child and by a daughter residing with the reporting person, with beneficial interest disclaimed by the reporting person.

Stakeholder Impact

• Shareholders may note the insider activity, but gift transactions of this nature are typically not considered significant indicators of company performance or future prospects.

Key Dates

Keywords

One Liberty Properties, OLP, Isaac Kalish, Form 4, Insider Transaction, Stock Ownership, Gift, Beneficial Ownership, CFO