Form 4: OLP Senior VP Lundy Acquires Restricted Stock

One Liberty Properties Senior VP Mark H. Lundy acquired 7,900 shares of restricted common stock under the company's 2025 Incentive Plan.

Summary

• Mark H. Lundy, Senior VP & Assistant Secretary of One Liberty Properties Inc. (OLP), acquired 7,900 shares of common stock.
• The shares were issued as restricted stock on January 14, 2026, under the company's 2025 Incentive Plan.
• These shares generally vest on or about January 13, 2031, subject to Lundy's continued relationship with the issuer.
• Following this transaction, Lundy directly beneficially owns 227,353 shares of common stock.
• Lundy also indirectly beneficially owns 78,342 shares through his spouse as a co-trustee for a trust, though he disclaims beneficial ownership of these securities.
• The transaction was made pursuant to a Rule 10b5-1(c) plan.

Sentiment

Score: 7

Explanation: The filing reports a routine executive compensation event (restricted stock grant) which is generally positive for aligning management incentives with long-term shareholder value, but it does not contain new operational or financial performance data.

Positives

• Issuance of restricted stock to a Senior VP aligns management incentives with long-term company performance.
• The transaction was made under the company's 2025 Incentive Plan, indicating a structured approach to executive compensation.

Risks

• The vesting of the restricted stock is subject to the reporting person's continued relationship with the issuer, meaning forfeiture could occur if employment ceases before vesting.

Future Outlook

The filing indicates a long-term incentive structure for a key executive, with shares vesting over approximately five years, suggesting a focus on sustained performance.

Industry Context

Granting restricted stock to executives is a common practice in publicly traded companies across various industries, including real estate (which OLP is, based on its name and typical REIT structure), to align executive interests with shareholder value over the long term.

Comparison to Industry Standards

• The use of restricted stock as an incentive is a standard practice in executive compensation across industries, including REITs like One Liberty Properties.
• The vesting period of approximately five years is within typical industry ranges for long-term incentive plans, aiming to retain talent and encourage sustained performance.
• The $0 acquisition price is standard for restricted stock grants, where the value is derived from the future market price of the shares upon vesting.

Corporate Governance

Related Party Transactions

• Indirect beneficial ownership of 78,342 shares by spouse as co-trustee for a trust, with the reporting person disclaiming beneficial ownership.

Stakeholder Impact

• Shareholders: Potential positive impact through better alignment of executive incentives with long-term company performance.
• Employees: Reflects the company's compensation strategy for key personnel.

Next Steps

• Continued employment of Mark H. Lundy with One Liberty Properties Inc. for the restricted stock to vest.
• Future Form 4 filings will be required for any subsequent transactions by Mark H. Lundy.

Key Dates

Recommendation

This Form 4 filing details a routine restricted stock grant to a Senior VP, which is a standard executive compensation practice. It does not provide new information on the company's operational performance, financial health, or strategic direction that would warrant a change in investment recommendation. Therefore, a "hold" recommendation is appropriate as it reflects no new fundamental catalysts for a buy or sell decision based solely on this filing.

Keywords

One Liberty Properties, OLP, Mark H. Lundy, Restricted Stock, Incentive Plan, Insider Trading, Form 4, Executive Compensation, Stock Grant