Company: GTY
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0001140361-25-008521
Chunk: 52

Company: GETTY REALTY CORP /MD/
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 52
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 short sales (including short sales “against the box”), or transactions in puts, calls or other derivative securities involving the Company’s securities, in each case, on an exchange or in any other organized market, and (ii) holding Company securities in a margin account or pledging Company securities as collateral for a loan. All employees and directors are in full compliance with the Policy. Stock Ownership Policy The Board has long viewed RSU awards as a means of creating an equity stake in the Company by linking executive compensation to long-term stock performance. These awards vest over five years and settle after ten years, reinforcing executives’ long-term commitment. The extended settlement period further strengthens alignment between each NEO’s personal financial interests and the long-term interests of stockholders by fostering the accumulation and potential long-term holding of Company equity. In February 2025, the Board of Directors adopted a Stock Ownership Policy to codify its long-standing philosophy and practice. The policy establishes minimum ownership requirements for senior management and directors, recognizes vested RSUs toward ownership thresholds, and sets a compliance time frame consistent with industry standards. The Stock Ownership Policy provides for the following to occur within five years of a named executive officer or non-employee director first becoming subject to the policy:

| ■ | Our Chief Executive Officer is required to own Company equity, which may include vested restricted stock units, valued at a minimum of five times annual base salary; |

| ■ | Our NEOs are required to own Company equity, which may include vested restricted stock units, valued at a minimum of three times annual base salary; and |

| ■ | Non-employee directors are required to own Company equity, which may include vested restricted stock units, valued at a minimum of five times the cash portion of their annual director compensation (excluding any annual cash retainer for committee membership or chairmanship). |

As of December 31, 2024, all of our directors and the above-referenced executive officers were either in compliance with our Stock Ownership Policy or within the transition period and making progress to be compliant within the period specified by the policy. Clawback Policy In November 2023, the Board of Directors adopted a “clawback” policy. This policy was adopted to comply with Section 10D of the Exchange Act and the NYSE listing standards adopted in 2023 as mandated by the Dodd-Frank Act. Under the policy, which applies to the Company’s current Section 16 officers, the Company must recover erroneously awarded incentive-based compensation. Recovery is triggered by accounting restatements that correct errors