Getty Realty (NYSE: GTY) director corrects Form 4, gifts 3,219 shares
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Getty Realty Corp. director Howard B. Safenowitz corrected a prior Form 4 to reflect a slightly larger stock gift to family members. On May 13, 2026, he made a bona fide gift transfer of 3,219 shares of common stock to his adult children, with no sale proceeds received. The amendment clarifies that the original filing had mistakenly reported a 3,119-share disposition. After updating for this correction and reversing a prior 300-share clerical adjustment, his total beneficial ownership stands at 148,882 shares of Getty Realty common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
3,219 shares gifted
Mixed
1 txn
Insider
SAFENOWITZ HOWARD B
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 3,219 | $0.00 | -- |
Holdings After Transaction:
Common Stock — 148,882 shares (Direct, null)
Footnotes (1)
- Gifts to adult children. The original Form 4 filed on 5/15/26 is being amended to correct an error in the number of shares gifted by the reporting person. The original filing inadvertently reported a disposition of 3,119 shares, whereas the correct amount was 3,219 shares. The total beneficial ownership has been updated to 148,882 shares (i) to correct the 300 share clerical adjustment reported in Footnote (2) of the original Form 4, which is now being reversed, and (ii) to reflect the adjustment for the additional 100 shares gifted (as described in Footnote 1).
Key Figures
Shares gifted: 3,219 shares
Holdings after transaction: 148,882 shares
Originally reported gift amount: 3,119 shares
+1 more
4 metrics
Shares gifted
3,219 shares
Bona fide gift of common stock on May 13, 2026
Holdings after transaction
148,882 shares
Total beneficial ownership after correction
Originally reported gift amount
3,119 shares
Incorrect disposition reported in original Form 4
Gift price per share
$0.00
No consideration for bona fide gift
Key Terms
bona fide gift, beneficial ownership, clerical adjustment
3 terms
bona fide gift financial
"transaction_code_description: "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
beneficial ownership financial
"The total beneficial ownership has been updated to 148,882 shares"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
clerical adjustment financial
"to correct the 300 share clerical adjustment reported in Footnote (2)"
FAQ
What insider transaction did Getty Realty (GTY) report in this Form 4/A amendment?
The amendment reports that director Howard B. Safenowitz made a bona fide gift of 3,219 shares of Getty Realty common stock on May 13, 2026. This was a gift transfer, not an open-market sale or purchase.
Why was the original Getty Realty (GTY) Form 4 corrected in this amendment?
The original Form 4 mistakenly reported a 3,119-share disposition. The amendment corrects this to 3,219 shares gifted, and also reverses an earlier 300-share clerical adjustment, updating the director’s recorded beneficial ownership.
Does the Getty Realty (GTY) Form 4/A show any insider buying or selling in the market?
No open-market buying or selling is reported. The Form 4/A reflects only a bona fide gift of 3,219 common shares to the director’s adult children, with no purchase or sale transactions disclosed in this amendment.