Richard E. Montag - 21 Feb 2023 Form 4 Insider Report for GETTY REALTY CORP /MD/ (GTY)

Source evidence Original filing metadata and source links for verification. 4 source fields
SEC form
4
Accepted by SEC
23 Feb 2023, 15:49:04 UTC
Prior SEC filing
02 Mar 2022
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Richard E. Montag

Key filing fact

Richard E. Montag filed Form 4 for GETTY REALTY CORP /MD/ (GTY) on 23 Feb 2023.

Key facts

  • This page summarizes Richard E. Montag's Form 4 filing for GETTY REALTY CORP /MD/ (GTY).
  • 3 reported transactions and 2 derivative rows are listed below.
  • Accepted by SEC: 23 Feb 2023, 15:49.

Change

  • Previous filing in this sequence was filed on 02 Mar 2022.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

GTY transaction

Common Stock

Options Exercise

Transaction value
Shares
+37,200
Change %
+63%
Price
Shares after
96,262
Date
21 Feb 2023
Ownership
Direct
Footnotes
F1, F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

GTY transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value
Shares
-37,200
Change %
-64%
Price
Shares after
20,800
Date
21 Feb 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
37,200
Exercise price
Footnotes
F1, F2, F3
GTY transaction Derivative

Restricted Stock Unit

Options Exercise

Transaction value
Shares
-20,800
Change %
-100%
Price
Shares after
0
Date
21 Feb 2023
Ownership
Direct
Underlying class
Common Stock
Underlying amount
20,800
Exercise price
Footnotes
F1, F2, F4
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Richard E. Montag is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 4 footnotes

Footnote 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.

Footnote F2

RSUs vest ratably over 5 years commencing on the 1st anniversary of the grant date, subject to continued service with the Issuer on each vesting date, except that to the extent unvested, RSUs fully vest upon death or upon termination of service for any reason other than the Reporting Person voluntarily electing to resign from the Board, voluntarily electing not to stand for re-election, or being involuntarily removed from the Board (excluding a failure to be re-elected by the stockholders). RSUs may also vest in the discretion of the Compensation Committee upon retirement from the Board, 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 10th anniversary of the grant date (or 10th anniversary of the first vesting date for RSUs granted in 2016-2018), or termination of service.

Footnote F3

As the result of the Reporting Person's retirement, this transaction represents settlement of the total number of RSUs which were held by the Reporting Person and fully vested immediately prior to such retirement, in shares of common stock pursuant to the underlying Restricted Stock Unit Agreements and the Plan.

Footnote F4

As the result of the Reporting Person's retirement, this transaction represents settlement of the total number of RSUs which were held by the Reporting Person and unvested immediately prior to such retirement, for cash pursuant to underlying Restricted Stock Unit Agreements and the Plan.

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