Company: GTY
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0001140361-25-008521
Chunk: 64

Company: GETTY REALTY CORP /MD/
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 64
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 Vote On Named Executive Officer Compensation (Say-On-Pay) (Item No. 2 on the Proxy Card) Background The Dodd-Frank Wall Street Reform and Consumer Protection Act, or the Dodd-Frank Act, requires that our stockholders have the opportunity to cast an advisory (non-binding) vote on NEO compensation, commonly referred to as a “Say-on-Pay” vote. The Dodd-Frank Act also requires that a “say-on-frequency” vote be held at least every six years. The next “say-on-frequency” vote will be held at the 2029 annual meeting. At the 2023 annual meeting, the Company’s stockholders voted, on an advisory basis, to recommend that the future advisory votes on NEO compensation be held annually, which was consistent with the recommendation of the Board of Directors. Accordingly, we have held an advisory vote on NEO compensation at each annual meeting since the 2023 annual meeting. The affirmative vote of a majority of the votes cast at the Annual Meeting will be necessary to approve the advisory vote on NEO compensation. For purposes of the advisory vote to approve the NEO compensation, abstentions and broker non-votes are not considered votes cast and will have no effect on the outcome of this proposal. The advisory vote on NEO compensation is a non-binding vote on the compensation of our NEOs as described in the “Compensation Discussion and Analysis” section, the tabular disclosure regarding such compensation, and the accompanying narrative disclosure, starting on page 40of this Proxy Statement. Please read the “Compensation Discussion and Analysis” section which provides a detailed discussion of our executive compensation program and compensation philosophy, including information about 2024 compensation of our NEOs. This advisory vote on NEO compensation is not a vote on our general compensation policies, the compensation of our Board of Directors, or our compensation policies as they relate to risk management. The vote solicited by this Proposal No. 2 is advisory and therefore is not binding on the Company, our Board of Directors or our Compensation Committee. The outcome of the vote will not require the Company, our Board of Directors or our Compensation Committee to take any action and will not be construed as overruling any decision by the Company, our Board of Directors or our Compensation Committee. Furthermore, because this non-binding, advisory vote primarily relates to the compensation of our NEOs that has already been paid or contractually committed, there is generally no opportunity for us to revisit these decisions. However, our Board of Directors, including our Compensation Committee, values the opinions of our