Company: GTY
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0001140361-25-008521
Chunk: 60

Company: GETTY REALTY CORP /MD/
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 60
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 business. Mr. Safenowitz received an annual fee of $125,000 (paid quarterly) for his services as Chairman of the Board, in addition to the quarterly installments of the annual director fee paid to all non-employee directors, as noted above. Mr. Constant is not separately compensated for his services on the Board of Directors; his compensation for services as an employee is discussed in the “Compensation Discussion and Analysis” section on page 40of this Proxy Statement. Generally, to better align the interests of our non-employee directors with the interests of the Company’s stockholders, the Compensation Committee grants equity-based awards under the 2004 Plan to the Company’s non-employee directors consisting of RSUs (including dividend equivalents paid with respect to such RSUs). RSU awards vest ratably over a five-year period commencing with the first anniversary of the grant date. RSUs granted before 2009 provide for settlement upon termination of service as a director and RSUs granted in 2009 and thereafter provide for settlement upon the earlier of the tenth anniversary of the grant date (or the tenth anniversary of the first vesting date, for RSUs granted in 2016-2018), or upon termination of service as a director. The award agreements also provide for optional vesting of a director’s RSUs in the event of the “Retirement” (as defined in the award agreement) of the subject non-employee director, if approved by the Compensation Committee in its discretion. In March 2024, the Compensation Committee approved a grant of 7,000 RSUs to each of the non-employee directors. The Compensation Committee’s determination to award RSUs was in order to further align the interests of directors with the Company’s stockholders and also to provide additional value to directors for their contributions to the Company.

| Name                 |     |      Fees 
 Earned or 
   Paid in 
      Cash 
       ($) |     |     Stock 
 Awards(1) 
       ($) |     | Option 
 Awards 
 ($)    |     | Non-Equity     
 Incentive Plan 
 Compensation   
 ($)            |     | Change in         
 Pension Value and 
 Nonqualified      
 Deferred          
 Compensation      |     | All Other    
 Compensation 
 ($)          |     |      Total 
        ($) |
| Milton Cooper        |     |    47,500 |     |   185,850 |     | —      |     | —              |     | —                 |     | —            |     |