Form 4: One Liberty Properties Executive Receives Restricted Stock Grant and Discloses Indirect Holdings

Isaac Kalish, Senior Vice President and CFO of One Liberty Properties, received 7,500 shares of restricted stock and disclosed various indirect holdings through trusts and as a custodian.

Summary

• Isaac Kalish, the Senior Vice President and CFO of One Liberty Properties, received 7,500 shares of restricted stock on January 14, 2025, under the company's 2022 Incentive Plan.
• These shares will vest on or about January 11, 2030, contingent on Mr. Kalish's continued employment with the company.
• Mr. Kalish also reported indirect ownership of 19,438 shares through the Gould Investors L.P. pension trust, where he serves as a trustee.
• Additionally, he has indirect ownership of 155,033 shares through REIT Management Corp. pension and profit sharing trusts, and 4,169 shares through the BRT Apartments Corp. Pension Trust, where he is also a trustee.
• He also reported 2,462.396 shares held as custodian for a child and 8,865.329 shares held by his daughter.
• The report includes shares acquired through the company's dividend reinvestment plan.

Sentiment

Score: 7

Explanation: The document is a routine disclosure of stock grants and indirect holdings, which is generally neutral. The positive aspect is the alignment of executive interests with the company's long-term performance.

Positives

• The grant of restricted stock aligns Mr. Kalish's interests with the long-term performance of the company.
• The disclosure of indirect holdings provides transparency into the executive's overall stake in the company.

Industry Context

This is a standard SEC Form 4 filing, which is common for publicly traded companies when executives receive stock grants or have changes in their beneficial ownership. It is a routine disclosure required by the SEC to ensure transparency in insider transactions.

Comparison to Industry Standards

• The reporting of stock grants and indirect holdings is a standard practice for publicly traded companies, and this filing is consistent with SEC regulations.
• Many REITs and other publicly traded companies use similar incentive plans to align executive compensation with company performance.
• The vesting period of approximately 5 years is also a common practice for restricted stock grants.

Stakeholder Impact

• Shareholders gain transparency into executive compensation and ownership.
• The vesting of restricted stock aligns executive interests with long-term shareholder value.

Key Dates

Keywords

insider trading, beneficial ownership, restricted stock, executive compensation, pension trust, dividend reinvestment, Form 4, OLP, One Liberty Properties