Getty Realty (NYSE: GTY) awards 16,400 RSUs to accounting chief
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Getty Realty Corp reported that its VP & Chief Accounting Officer, Eugene Shnayderman, acquired 16,400 Restricted Stock Units (RSUs) as a grant. Each RSU can be settled, at the Compensation Committee’s discretion, in either one share of common stock or cash equal to the share’s fair market value.
The RSUs vest in equal portions over five years starting on the first anniversary of the grant date, generally requiring continued service. Unvested RSUs fully vest if service ends without cause or upon death, and may vest upon retirement at the Committee’s discretion. After this award, Shnayderman holds 108,650 derivative securities tied to the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
SHNAYDERMAN EUGENE
Role
VP & Chief Accounting Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 16,400 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 108,650 shares (Direct)
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 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, within thirty (30) days following the applicable vesting date. The RSUs were received by reporting person for no consideration.
FAQ
What insider transaction did Getty Realty (GTY) report for Eugene Shnayderman?
Getty Realty reported a grant of 16,400 Restricted Stock Units (RSUs) to VP & Chief Accounting Officer Eugene Shnayderman. The RSUs were received for no consideration and represent a form of equity-based compensation linked to the company’s common stock.
How do the new RSUs for Getty Realty (GTY) executive Eugene Shnayderman vest?
The 16,400 RSUs vest ratably over five years, starting on the first anniversary of the grant date. Continued service is generally required, with full vesting if service ends without cause or upon death, and potential vesting upon retirement at the Compensation Committee’s discretion.
How can the Getty Realty (GTY) RSUs granted to Eugene Shnayderman be settled?
Each RSU may be settled in one share of common stock or in cash equal to the fair market value of one share. The Compensation Committee decides the settlement form, which occurs within thirty days after each applicable vesting date.
What is Eugene Shnayderman’s total Getty Realty (GTY) derivative holdings after this RSU grant?
Following the award of 16,400 RSUs, Eugene Shnayderman beneficially holds 108,650 derivative securities related to Getty Realty common stock. This figure reflects his position after the reported transaction and is classified as direct ownership in the filing.
Did Eugene Shnayderman pay for the Getty Realty (GTY) RSUs he received?
No, the filing states that the RSUs were received for no consideration. This indicates they were granted as part of his compensation package rather than purchased in the open market or through another payment arrangement.
Under what circumstances do the Getty Realty (GTY) RSUs for Eugene Shnayderman fully vest early?
Any unvested RSUs fully vest upon termination of service without cause or upon death. The Compensation Committee may also allow vesting upon retirement, subject to the company’s incentive plan and the specific grant agreement.