Board member at Getty Realty (NYSE: GTY) awarded 7,000 RSUs
Rhea-AI Filing Summary
COVIELLO PHILIP E JR reported acquisition or exercise transactions in this Form 4 filing.
Getty Realty Corp. director Philip E. Coviello Jr. reported receiving a grant of 7,000 Restricted Stock Units (RSUs) on March 2, 2026 for no cash consideration. Each RSU may be settled in either one share of common stock or cash equal to the share’s fair market value, at the discretion of the Compensation Committee.
The RSUs vest ratably over five years, beginning on the first anniversary of the grant date, generally requiring continued board service. Unvested RSUs fully vest upon certain events such as death or some types of board service termination, and may vest upon retirement at the Compensation Committee’s discretion. Following this award, Coviello held 74,500 RSUs directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 7,000 | $0.00 | -- |
Footnotes (1)
- 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. 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, within thirty (30) days following the applicable vesting date. The RSUs were received by the Reporting Person for no consideration.