Form 4: OLP Executive Awarded 6,000 Restricted Shares

ONE LIBERTY PROPERTIES INC Executive Vice President Justin Clair was granted 6,000 restricted common shares under the company's 2025 Incentive Plan, vesting in 2031.

Summary

• Executive Vice President Justin Clair of ONE LIBERTY PROPERTIES INC (OLP) was granted 6,000 shares of common stock.
• The transaction occurred on January 14, 2026, and the shares were issued as restricted stock under the issuer's 2025 Incentive Plan.
• The acquisition price for these shares was $0, as they are part of an incentive compensation package.
• These restricted shares are generally expected to vest on or about January 13, 2031, contingent on the reporting person's continued relationship with the issuer.
• Following this transaction, Justin Clair beneficially owns a total of 41,750 shares of common stock.

Sentiment

Score: 7

Explanation: The grant of restricted stock to an executive is generally a positive event as it aligns management's interests with shareholders for long-term value creation. It reflects a commitment to executive retention and performance incentives, though it is not a direct indicator of immediate financial performance.

Positives

• The grant of restricted stock aligns the interests of Executive Vice President Justin Clair with those of shareholders, incentivizing long-term company performance.
• The 2025 Incentive Plan provides a mechanism for retaining key management personnel through long-term equity awards.

Negatives

• The shares have a long vesting period until January 13, 2031, meaning the executive does not have immediate full ownership or liquidity.
• The value of the grant is contingent on the future performance of OLP's common stock, introducing market risk.

Risks

• The vesting of the restricted shares is subject to the reporting person's continued relationship with the issuer, meaning forfeiture could occur if employment ceases before the vesting date.
• The ultimate value of the 6,000 restricted shares is dependent on the market price of ONE LIBERTY PROPERTIES INC common stock at the time of vesting, exposing the award to market fluctuations.

Future Outlook

The restricted stock grant with a vesting period extending to 2031 indicates a long-term incentive structure designed to retain key executives and align their performance with the company's sustained success over several years.

Industry Context

The grant of restricted stock to an executive is a standard practice in corporate compensation across various industries, particularly in real estate investment trusts (REITs) like ONE LIBERTY PROPERTIES INC, to incentivize long-term performance and retention. Such plans are common tools for aligning management's financial interests with shareholder value creation.

Comparison to Industry Standards

• The use of restricted stock as a component of executive compensation is a widely adopted practice, comparable to incentive plans at other publicly traded REITs and corporations.
• The vesting period of approximately five years (2026-2031) is within the typical range for long-term incentive awards designed to promote executive retention and sustained performance, similar to practices observed at peers like Realty Income Corporation or National Retail Properties.

Corporate Governance

Stakeholder Impact

• Shareholders: The grant of restricted stock to an executive is intended to align management's long-term interests with those of shareholders, potentially leading to improved company performance and shareholder value.
• Employees (Executive): Justin Clair benefits from a long-term equity incentive, providing a significant stake in the company's future success and promoting retention.

Next Steps

• Justin Clair's continued employment 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 INC, OLP, Justin Clair, Restricted Stock, Executive Compensation, Incentive Plan, Insider Transaction, Form 4