Form 4: One Liberty Properties CEO Patrick Callan Jr. Acquires 22,000 Shares of Restricted Stock
SEC Form 4 Filing
Patrick Callan Jr., President and CEO of One Liberty Properties Inc., acquired 22,000 shares of restricted stock on January 14, 2025, under the company's 2022 Incentive Plan.
Summary
- On January 14, 2025, Patrick Callan Jr., the President and CEO of One Liberty Properties Inc. (OLP), acquired 22,000 shares of common stock.
- These shares were issued as restricted stock under the issuer's 2022 Incentive Plan.
- The shares vest on or about January 11, 2030, subject to Mr. Callan's continued relationship with the issuer.
- Following the transaction, Mr. Callan beneficially owns 406,943.956 shares of One Liberty Properties Inc.
Sentiment
Score: 7
Explanation: The sentiment is neutral to positive. The acquisition of restricted stock by the CEO suggests confidence in the company's future performance and aligns his interests with shareholders. However, it's a routine filing and doesn't necessarily indicate a major shift in the company's outlook.
Positives
- The acquisition of restricted stock aligns the CEO's interests with the long-term performance of the company.
- The vesting schedule encourages continued service and commitment from the CEO.
Future Outlook
The document does not contain any specific forward-looking statements or guidance.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, which is common in publicly traded companies. It provides transparency into the actions of company executives and their alignment with shareholder interests.
Comparison to Industry Standards
- Restricted stock grants are a common form of executive compensation in the real estate industry, aligning management's interests with long-term shareholder value.
- Vesting schedules, such as the one described in the document (vesting on or about January 11, 2030), are typical for restricted stock grants to ensure continued service.
- Companies like Realty Income (O), Simon Property Group (SPG), and Prologis (PLD) also utilize restricted stock and other equity-based compensation plans for their executives.
Stakeholder Impact
- The acquisition of restricted stock by the CEO could positively impact shareholders by aligning management's interests with the company's long-term success.
- Employees may view this as a positive sign of the company's commitment to its leadership.
Key Dates
| Date | Description |
|---|---|
| 01/14/2025 | Date of transaction: Patrick Callan Jr. acquired 22,000 shares of restricted stock. |
| 01/11/2030 | Vesting date: Shares vest on or about this date, subject to continued relationship with the issuer. |
| 01/16/2025 | Date of signature: Form 4 signed by Isaac Kalish, attorney in fact for Patrick Callan Jr. |
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