Form 4: One Liberty Properties SVP Acquires Restricted Stock
SEC Form 4 Filing
Israel Rosenzweig, Senior Vice President of One Liberty Properties, acquires 1,800 shares of restricted stock under the company's 2022 Incentive Plan.
Summary
- On January 14, 2025, Israel Rosenzweig, Senior Vice President of One Liberty Properties Inc. (OLP), acquired 1,800 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, subject to continued relationship with the issuer.
- Following the transaction, Rosenzweig directly owns 219,110.604 shares of common stock.
- Rosenzweig also indirectly owns 19,438 shares through Gould Investors L.P. pension trust and 155,033 shares through REIT Mgt. Corp. pension and profit sharing trusts.
Sentiment
Score: 7
Explanation: The document reflects a standard executive compensation practice, indicating stability and alignment of interests. The sentiment is neutral to slightly positive.
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 document does not contain specific forward-looking statements, but the vesting of the restricted stock in 2030 suggests a long-term commitment from the executive.
Industry Context
This type of equity compensation is common in the real estate industry to incentivize executives and align their interests with shareholders.
Comparison to Industry Standards
- Granting restricted stock is a typical practice among publicly traded REITs like One Liberty Properties to incentivize executives.
- Companies such as Simon Property Group and Prologis also utilize similar equity-based compensation plans.
- The vesting period of approximately 5 years is also fairly standard within the industry.
Stakeholder Impact
- Shareholders may view the grant of restricted stock positively as it aligns management's interests with the company's long-term success.
- Employees may see this as a positive sign of investment in leadership and stability within the company.
Key Dates
| Date | Description |
|---|---|
| 01/14/2025 | Date of transaction: Israel Rosenzweig acquired 1,800 shares of restricted stock. |
| 01/11/2030 | Approximate vesting date for the restricted stock, contingent on continued service. |
| 01/16/2025 | Date of signature for the Form 4 filing. |
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