Form 4: One Liberty Properties Inc. Executive Receives Restricted Stock Grant

Mathew Mili, Vice President Financial at One Liberty Properties Inc., was granted 3,000 shares of restricted stock on January 14, 2025, which will vest on or about January 11, 2030.

Summary

• Mathew Mili, Vice President Financial of One Liberty Properties Inc., received 3,000 shares of restricted common stock.
• The shares were granted 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. Mili's continued employment with the company.

Sentiment

Score: 7

Explanation: The document reflects a standard executive compensation practice, which is generally viewed positively for aligning management interests with shareholders. 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 five years encourages long-term commitment from the executive.

Risks

• The executive's departure before the vesting date would result in the forfeiture of the unvested shares.

Future Outlook

The document does not contain any forward-looking statements or guidance.

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 real estate companies use restricted stock grants as part of their executive compensation packages.
• Vesting periods of 3-5 years are typical for these types of grants, aligning with long-term value creation.
• Companies like Boston Properties (BXP) and Simon Property Group (SPG) also utilize similar equity-based compensation strategies.

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, stock grant, executive compensation, incentive plan, vesting, One Liberty Properties Inc., OLP, Mathew Mili