Company: GTY
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0001140361-25-008521
Chunk: 58

Company: GETTY REALTY CORP /MD/
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 58
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2024, the amounts contributed by the Company to the Supplemental Retirement Plan for our NEOs were calculated based upon the definition of eligible compensation in the Supplemental Retirement Plan. The amounts held in trust under the Supplemental Retirement Plan may be used to satisfy claims of general creditors in the event of Getty’s or any of its subsidiaries’ bankruptcy. An employee’s account vests in the same manner as under the Retirement Plan and is paid upon separation of service from the Company. Potential Payments upon Termination or Change in Control Each of the award agreements for outstanding RSUs granted to our employees, including our NEOs, contains a provision that causes the unvested RSUs to vest upon the NEO’s death or termination of the NEO’s employment without cause. The award agreements also provide for optional vesting of unvested RSUs in the event of the “Retirement” (as defined in the award agreement) of the subject employee, including our NEOs, if approved by the Compensation Committee in its discretion. In the event of a termination of employment without cause, the value of RSUs that would vest upon such termination would be as follows (as determined based on the closing price of Getty common stock on December 31, 2024, $30.13 per share): Mr. Constant – $3,947,030; Mr. Olear – $2,412,810; Mr. Dickman – $2,310,971; and Mr. Dicker – $2,412,810. We do not provide any compensation or benefits to any of our NEOs solely on account of the occurrence of a change in control of the Company. The RSU award agreements do not provide for accelerated vesting upon the occurrence of a change in control. 2024 Compensation Disclosure Ratio of the Median Annual Total Compensation of All Company Employees to the Annual Total Compensation of the Company’s Chief Executive Officer Mr. Christopher J. Constant, who serves as the Company’s President and Chief Executive Officer, had fiscal 2024 total compensation of $2,621,239, as reflected in the Summary Compensation Table included in this Proxy Statement. We estimate that the annual compensation for the median employee of the Company, excluding our Chief Executive Officer, was $179,960.59 for 2024. As a result, Mr. Constant’s 2024 annual compensation was approximately 14.56 times that of the median employee. To determine the annual total compensation of the “median employee,” the methodology and the material assumptions, adjustments, and estimates that we