Company: GTY
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0001140361-25-008521
Chunk: 48

Company: GETTY REALTY CORP /MD/
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 48
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 Compensation Committee considered relative market compensation levels as one factor in determining the total annual compensation amount for each NEO. The Compensation Committee considered numerous other factors in making pay decisions, including individual and Company performance, the scope of each individual’s responsibility and length of time in the role.

| GETTY REALTY2025 Proxy Statement |     | 43 |

TABLE OF CONTENTS

Executive Compensation ( continued ) The primary elements of compensation for our NEOs are the following:

| ■ | Base salary; |

| ■ | Incentive compensation (discretionary annual cash incentive awards and equity incentive awards like RSUs with dividend equivalents); |

| ■ | Retirement and other plans; and |

| ■ | Perquisites and other benefits. |

Base Salary The Compensation Committee examines whether each NEO’s base salary is competitive and appropriate in view of such person’s role, level of responsibility, experience and value to the Company, and relative to achieving the overall goals of the compensation program for all NEOs. The Compensation Committee reviews base salaries annually and in the event an executive officer’s position or responsibilities change or if the Compensation Committee believes it is otherwise necessary or appropriate to do so. An NEO’s salary is not automatically increased on an annual basis, and an NEO’s salary will not be increased if the Compensation Committee believes that a raise is not warranted by either individual or Company performance, or that other forms of compensation are more appropriate to advance compensation program objectives. Increases made to 2024 base salary are reflected in the Summary Compensation Table below. With respect to 2025 base salary, as part of the Compensation Committee’s process and in order to achieve the overall goals of Getty’s executive compensation program, the Compensation Committee determined to increase base salaries in 2025 for each NEO from those in effect in 2024 by approximately 2.7%. Incentive Compensation Annual Performance-Based Cash Bonus The Compensation Committee believes that discretionary cash bonuses are useful on a case-by-case basis to motivate and reward executives for their contribution with respect to annual operating results and Company achievements that help create value for our stockholders. Cash bonuses for NEOs are not guaranteed but have been awarded at the discretion of the Compensation Committee. In deciding whether to award discretionary cash bonuses, the Compensation Committee makes its determinations as described above, based upon (i) recommendations from the Company’s CEO, (ii) its review with the CEO of the performance of each NEO (other than the CEO himself), (iii) its evaluation of the CEO’s individual performance, (iv) with respect to each NEO, its