Mark J. Olear - Mar 1, 2024 Form 4 Insider Report for GETTY REALTY CORP /MD/ (GTY)

Role
EVP & Chief Operating Ofc
Signature
/s/ Mark J. Olear
Stock symbol
GTY
Transactions as of
Mar 1, 2024
Transactions value $
$0
Form type
4
Date filed
3/4/2024, 03:35 PM
Previous filing
Dec 15, 2023

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 Restricted Stock Unit Award +30K +19.15% 187K Mar 1, 2024 Common Stock 30K Direct F1, F2, F3, F4
* 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 share of common stock or in cash in an amount equal to the fair market value of one 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.
F4 The "Number of Derivative Securities Beneficially Owned Following Reported Transactions" has been updated by 2,000 RSUs to correct an error on a previous Form 4 regarding total RSUs held following the reported transaction. This adjustment is made despite the accurate reporting in such previous Form 4 of the "Number of Derivative Securities Acquired".