Form 4: OLP Director Jesse Lovejoy Receives Restricted Stock Grant

One Liberty Properties director Jesse Robert Lovejoy was granted 3,500 restricted shares under the company's 2025 Incentive Plan.

Summary

• Jesse Robert Lovejoy, a Director of ONE LIBERTY PROPERTIES INC (OLP), acquired 3,500 shares of common stock on January 14, 2026.
• These shares were issued as restricted stock under the issuer's 2025 Incentive Plan at a price of $0 per share.
• The restricted shares are generally subject to vesting on or about January 13, 2031, contingent on Mr. Lovejoy's continued relationship with the issuer.
• Following this transaction, Mr. Lovejoy directly beneficially owns 98,449.4853 shares of common stock.
• Additionally, 13,136.5849 shares are indirectly beneficially owned by his spouse, which includes shares acquired through the issuer's dividend reinvestment plan.

Sentiment

Score: 6

Explanation: The sentiment is neutral to slightly positive. It reflects a standard compensation event that aligns director interests with the company's long-term performance, without indicating any immediate operational or financial changes.

Positives

• The grant of restricted stock aligns the director's long-term interests with those of the shareholders, as vesting is contingent on continued service and potential stock price appreciation.
• The transaction is part of an established 2025 Incentive Plan, indicating a structured approach to executive and director compensation.

Future Outlook

The future outlook indicates that the granted restricted shares are expected to vest on or about January 13, 2031, provided the reporting person maintains their relationship with the issuer.

Industry Context

This transaction represents a routine component of director compensation within the real estate investment trust (REIT) sector, where equity grants are commonly used to incentivize long-term commitment and align management interests with shareholder value creation. Such grants are standard practice for attracting and retaining experienced board members.

Comparison to Industry Standards

• The use of restricted stock grants for director compensation is a common practice across various industries, including REITs, aligning with global benchmarks for corporate governance and incentive structures.
• The vesting period of approximately five years is within typical ranges for long-term incentive plans designed to promote sustained performance and retention.

Corporate Governance

Related Party Transactions

• The grant of restricted stock to Jesse Robert Lovejoy, a director, constitutes a related party transaction as it involves compensation provided by the issuer to a member of its board.

Stakeholder Impact

• Shareholders: The grant represents a form of non-cash compensation that aligns the director's interests with long-term shareholder value, though it involves a minor increase in potential future share count upon vesting.
• Director (Jesse Robert Lovejoy): Receives equity compensation, incentivizing continued service and performance tied to the company's stock value.

Next Steps

• Jesse Robert Lovejoy's continued relationship with ONE LIBERTY PROPERTIES INC is required for the restricted shares to vest on or about January 13, 2031.

Key Dates

Keywords

One Liberty Properties, OLP, Jesse Robert Lovejoy, Director Compensation, Restricted Stock, Incentive Plan, SEC Form 4, Beneficial Ownership, Corporate Governance