Getty Realty (GTY) awards 33,000 RSUs to EVP and General Counsel Dicker
Rhea-AI Filing Summary
Dicker Joshua reported acquisition or exercise transactions in this Form 4 filing.
Getty Realty Corp. granted Restricted Stock Units (RSUs) to executive Joshua Dicker. On the transaction date, he received 33,000 RSUs as a grant or award for no cash consideration, increasing his directly held RSU balance to 241,400 units.
Each RSU may be settled, at the Compensation Committee’s discretion, in either one share of common stock or an equivalent cash amount based on the fair market value on the settlement date. The RSUs vest in equal installments over five years starting on the first anniversary of the grant, subject to continued service, with accelerated vesting upon certain terminations, death, or potential retirement treatment under the company’s omnibus incentive plan.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 33,000 | $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 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.