Form 4: One Liberty Properties Executive Justin Clair Receives 6,000 Shares of Restricted Stock

Executive Vice President Justin Clair of One Liberty Properties Inc. acquired 6,000 shares of restricted stock on January 14, 2025, under the company's 2022 Incentive Plan.

Summary

• On January 14, 2025, Justin Clair, Executive Vice President of One Liberty Properties Inc., acquired 6,000 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, contingent upon Mr. Clair's continued relationship with the company.
• Following the transaction, Mr. Clair beneficially owns 39,074 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 generally viewed favorably as it aligns executive interests with shareholder value. There are no immediate negative implications.

Positives

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

Future Outlook

The vesting of the restricted stock is contingent upon the reporting person's continued relationship with the issuer, suggesting an expectation of continued service.

Industry Context

Granting restricted stock is a common practice in the real estate industry to incentivize and retain key executives. It aligns their interests with the long-term performance of the company and its shareholders.

Stakeholder Impact

• Shareholders: The grant of restricted stock aligns executive interests with shareholder value.
• Employees: The incentive plan may boost morale and encourage performance.

Key Dates