GTY 8-K/A
Getty Realty Corp /Md/ (GTY)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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Emerging growth company
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Pursuant to the Separation Agreement, Mr. Shnayderman will receive the following (all subject to applicable withholding taxes): (i) a cash separation payment of $300,000; (ii) payment for any accrued and unused paid time off days as of the Separation Date; (iii) reimbursement of COBRA premiums for Mr. Shnayderman and his eligible dependents through February 28, 2027, payable in a lump sum within 30 days of the Separation Date; and (iv) certain other reimbursements as described in the Separation Agreement.
Pursuant to the Separation Agreement, as of the Separation Date Mr. Shnayderman holds 108,650 restricted stock units (the “RSUs”), of which 62,750 were already vested in accordance with the vesting schedule of the Getty Realty Corp. Third Amended and Restated 2004 Omnibus Incentive Compensation Plan (the “Time-Vested RSUs”). The remaining unvested RSUs will be fully vested as of the Separation Date (the “Accelerated RSUs”). The Time-Vested RSUs will be settled in shares of the Company’s common stock per the terms of the award agreement. The Accelerated RSUs will be settled in a lump-sum cash payment equal to the fair market value per share on the settlement date as soon as reasonably practicable after the effective date of the Separation Agreement.
The foregoing description of the Separation Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Separation Agreement, a copy of which will be filed as an Exhibit to the Company’s Quarterly Report on Form 10-Q for the period ending September 30, 2026.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
| GETTY REALTY CORP. | ||||||
| Date: August 20, 2026 | By: | /s/ Brian R. Dickman | ||||
| Brian R. Dickman | ||||||
| Executive Vice President | ||||||
| Chief Financial Officer and Treasurer | ||||||
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