Mark J. Olear - Mar 1, 2022 Form 4 Insider Report for GETTY REALTY CORP /MD/ (GTY)

Role
Exec VP & Chief Operating Ofc
Signature
/s/ Mark J. Olear
Stock symbol
GTY
Transactions as of
Mar 1, 2022
Transactions value $
$0
Form type
4
Date filed
3/2/2022, 08:41 PM
Previous filing
Dec 16, 2021
Next filing
Dec 16, 2022

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GTY Restircted Stock Unit Award +25.5K +24.25% 131K Mar 1, 2022 Common Stock 25.5K Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit (RSU) is settled at the discretion of the Compensation Committee in one (1) share of common stock or in cash in an amount equal to the fair market value of one (1) share of common stock on the settlement date noted in footnote (2) below.
F2 RSUs vest ratably over five years commencing on the first anniversary of the date of grant, subject to continued service with the Issuer on each respective vesting date, except that, to the extent unvested, RSUs fully vest upon termination of service without cause or death. RSUs may also vest in the discretion of the Compensation Committee upon retirement from employment, subject to the terms of the Issuer's Third Amended and Restated 2004 Omnibus Incentive Compensation Plan and the applicable grant agreement. RSUs are settled in cash or common stock, in the discretion of the Compensation Committee, upon the earlier of the tenth anniversary of the grant date (or the tenth anniversary of the first vesting date for RSUs granted in 2016-2018), or termination of service.
F3 The RSUs were received by reporting person for no consideration.