Getty Realty director logs gifts and trust transfers
Getty Realty director Howard B. Safenowitz reported a set of non-market transactions involving Getty Realty Corp. common stock.
Rhea-AI Filing Summary
Getty Realty director Howard B. Safenowitz reported a set of non-market transactions involving Getty Realty Corp. common stock. The filing shows a bona fide gift of 3,119 shares to adult children at no price, reducing his direct holdings to 148,682 shares.
In addition, several large "J" code transactions reflect transfers among family entities in connection with the estate administration of Marilyn Safenowitz. These include movements of more than 2.4 million shares through a limited partnership and multiple irrevocable trusts, with Safenowitz acting as fiduciary and, in some cases, beneficiary. He disclaims beneficial ownership of shares held by the Safenowitz Partners limited partnership except to the extent of his pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Stock | 3,119 | $0.00 | $0.00 |
| Other | Common Stock | 1,848,092 | $0.00 | $0.00 |
| Other | Common Stock | 616,031 | $0.00 | $0.00 |
| Other | Common Stock | 16,440 | $0.00 | $0.00 |
| Other | Common Stock | 5,480 | $0.00 | $0.00 |
Footnotes (9)
- F1. Gifts to adult children.
- F2. This share number reflects a reduction of 300 shares to correct a clerical discrepancy in prior filings.
- F3. Transfer of shares by Safenowitz Partners LP ("SP") to multiple family irrevocable trusts in connection with the administration of the estate of Marilyn Safenowitz, with reporting person serving as estate fiduciary.
- F4. The reporting person is the President of Safenowitz Family Corp. ("SFC"), which is the general partner of SP. The reporting person disclaims beneficial ownership of the shares held by SP, except to the extent of his pecuniary interest therein.
- F5. Shares received by The Howard Safenowitz 2024 Irrevocable Trust U/A/D 10/14/24 (the "HSIT") as proportionate distribution by SP in connection with the estate administration process described in footnote 2.
- F6. The reporting person is the sole beneficiary and trustee of HSIT.
- F7. Transfer of shares by The Marilyn Safenowitz Irrevocable Trust U/A/D 4/13/00 ("MSIT") to multiple family irrevocable trusts, in connection with the estate administration process described in footnote 2. This share number reflects a reduction of 76 shares to correct a clerical discrepancy in prior filings.
- F8. Reporting person is the Trustee of MSIT.
- F9. Shares received by HSIT as proportionate distribution by MSIT in connection with the estate administration process described in footnote 2.
Key Figures
Key Terms
bona fide gift financial
Other acquisition or disposition financial
irrevocable trust financial
pecuniary interest financial
estate administration financial
FAQ
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What insider transactions did Howard Safenowitz report in GTY stock?
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What do the "J" code transactions mean in the GTY Form 4 filing?
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