Form 4: One Liberty Properties Executive Receives Restricted Stock Grant

Richard Figueroa, a Senior VP at One Liberty Properties, received 5,200 shares of restricted stock under the company's 2022 Incentive Plan.

Summary

• Richard Figueroa, a Senior Vice President and Assistant Secretary at One Liberty Properties Inc., was granted 5,200 shares of restricted common stock.
• The shares were issued on January 14, 2025, under the company's 2022 Incentive Plan.
• The restricted stock will vest on or about January 11, 2030, contingent on Mr. Figueroa's continued employment with the company.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively as it aligns management with shareholder interests. There are no negative implications.

Positives

• The grant of restricted stock aligns the executive's interests with the long-term performance of the company.
• The vesting period of approximately 5 years encourages long-term commitment from the executive.

Risks

• The value of the restricted stock is subject to market fluctuations and the company's performance.
• If Mr. Figueroa leaves the company before the vesting date, he may forfeit the unvested shares.

Industry Context

This type of stock grant is a common practice in the real estate industry to incentivize and retain key executives.

Comparison to Industry Standards

• Many publicly traded real estate companies use restricted stock grants as part of their executive compensation packages.
• The vesting period of approximately 5 years is fairly standard for these types of grants, aligning with long-term performance goals.
• Companies like Realty Income (O), Simon Property Group (SPG), and Prologis (PLD) also utilize similar incentive plans for their executives.

Stakeholder Impact

• Shareholders may view this as a positive sign of aligning management interests with long-term company performance.
• Employees may see this as a standard practice for executive compensation.

Key Dates

Keywords

restricted stock, incentive plan, stock grant, executive compensation, beneficial ownership, One Liberty Properties, OLP