Getty Realty (NYSE: GTY) officer reports RSU and stock holdings
Filing Impact
Filing Sentiment
Form Type
3
Rhea-AI Filing Summary
Getty Realty Corp. officer Ryan Robert John filed an initial ownership report showing his equity interests in the company. He holds 94,500 Restricted Stock Units (RSUs) and 246 shares of common stock, all directly owned as of the reported date.
The RSUs vest in equal installments over five years starting on the first anniversary of the grant date, generally requiring continued service. Any unvested RSUs fully vest if service ends without cause or upon death, and may vest at retirement at the Compensation Committee’s discretion. Each RSU is settled in either one share of common stock or cash, at the Compensation Committee’s discretion, and was received for no cash consideration.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Ryan Robert John
Role
See Remarks
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Restricted Stock Unit | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Unit — 94,500 shares (Direct);
Common Stock — 246 shares (Direct)
Footnotes (1)
- 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. 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 termination of service. The RSUs were received by reporting person for no consideration.
FAQ
What insider position was reported on Form 3 for GTY?
The Form 3 reports that Ryan Robert John, an officer of Getty Realty Corp. (GTY), holds restricted stock units and common shares. This filing establishes his initial beneficial ownership position as a company insider under SEC rules.
How many Restricted Stock Units does the GTY officer hold?
The officer holds 94,500 Restricted Stock Units (RSUs). These RSUs represent potential future value that may be settled in common stock or cash, subject to vesting conditions and the discretion of Getty Realty’s Compensation Committee.
How do the RSUs reported for GTY vest over time?
The RSUs vest ratably over five years, starting on the first anniversary of the grant date. Vesting generally requires continued service with Getty Realty, aligning the officer’s compensation with long-term employment and company performance.
Under what conditions do the GTY RSUs fully vest early?
Unvested RSUs fully vest upon termination of service without cause or upon death. They may also vest at retirement at the Compensation Committee’s discretion, subject to the company’s omnibus incentive plan and the specific grant agreement.
How are Getty Realty RSUs settled for the reporting person?
Each RSU is settled, at the Compensation Committee’s discretion, in one share of common stock or in cash equal to the share’s fair market value. Settlement occurs on the earlier of the tenth anniversary of grant or termination of service.
Did the GTY officer pay for the Restricted Stock Units received?
No. The filing states that the RSUs were received for no consideration. This means the officer did not pay cash to acquire these units; they were granted as part of Getty Realty’s incentive compensation arrangements.