Form 4: One Liberty Properties Executive Vice President Acquires Shares Following RSU Vesting
SEC Form 4 Filing
Justin Clair, Executive Vice President of One Liberty Properties, acquired 3,125 shares of common stock on August 6, 2024, following the vesting of restricted stock units (RSUs).
Summary
- On August 6, 2024, Justin Clair, Executive Vice President of One Liberty Properties, acquired 3,125 shares of common stock.
- The acquisition resulted from the vesting of restricted stock units (RSUs) granted in 2021.
- The performance period for these RSUs ended on June 30, 2024, and the compensation committee determined that the metrics had been satisfied on August 6, 2024.
- Following the transaction, Mr. Clair beneficially owns 42,374 shares of One Liberty Properties common stock.
Sentiment
Score: 6
Explanation: Neutral sentiment as it reflects a standard executive compensation transaction. The vesting of RSUs suggests performance targets were achieved, which is mildly positive.
Positives
- The vesting of RSUs indicates that performance metrics were met, which could be viewed positively.
Industry Context
This filing is a routine disclosure related to executive compensation and equity awards, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minor impact on shareholders as it slightly increases the number of outstanding shares.
Key Dates
| Date | Description |
|---|---|
| 2021 | RSUs were granted. |
| June 30, 2024 | Performance period for the RSUs ended. |
| August 6, 2024 | Date of transaction (acquisition of shares) and compensation committee determination. |
| August 8, 2024 | Date of Form 4 filing. |
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