Form 4: One Liberty Properties Director, Karen A. Till, Acquires Restricted Stock

Director Karen A. Till acquired 3,500 shares of restricted stock in One Liberty Properties Inc. on January 14, 2025, under the company's 2022 Incentive Plan.

Summary

• On January 14, 2025, Karen A. Till, a director of One Liberty Properties Inc. (OLP), acquired 3,500 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 Ms. Till's continued relationship with the issuer.
• Following the transaction, Ms. Till directly owns 19,998 shares of One Liberty Properties Inc.

Sentiment

Score: 7

Explanation: The sentiment is neutral to positive. The granting of restricted stock is a common practice and signals confidence in the director's continued service and the company's future performance.

Positives

• The grant of restricted stock aligns the director's interests with the long-term performance of the company.
• The vesting schedule encourages continued service and commitment from the director.

Future Outlook

The vesting of the restricted stock is contingent upon the director's continued relationship with the company, suggesting an expectation of ongoing service.

Industry Context

This transaction is a standard practice for incentivizing and retaining key personnel in publicly traded companies. Granting restricted stock aligns the interests of the director with those of the shareholders.

Comparison to Industry Standards

• Granting restricted stock to directors is a common practice among publicly traded REITs like One Liberty Properties to align their interests with shareholders.
• Companies such as Simon Property Group and Prologis also utilize equity-based compensation plans for their executives and directors.
• The vesting period of approximately 5 years is also fairly standard, similar to vesting schedules seen at other REITs such as Realty Income and Public Storage.

Stakeholder Impact

• Shareholders may view the grant of restricted stock positively, as it aligns the director's interests with the long-term success of the company.
• The director is incentivized to contribute to the company's growth and profitability to maximize the value of their stock.

Key Dates