Company: GTY
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0001140361-25-008521
Chunk: 46

Company: GETTY REALTY CORP /MD/
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 46
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 stock under the Company’s at-the-market equity offering program (“ATM Program”) for anticipated gross proceeds of approximately $43.6 million; and |

| ■ | Closing the private placement of $125.0 million of new senior unsecured notes, including (i) $50.0 million of notes priced at a fixed rate of 5.52% and maturing September 12, 2029 and (ii) $75.0 million of notes priced at a fixed rate of 5.70% and maturing February 22, 2032. |

Getty’s Compensation Program Getty’s compensation program for executive officers is designed to effectively manage the Company’s aggregate annual compensation expense while providing executive officers with a competitive total compensation package intended to encourage and motivate their high performance, promote their accountability, and retain them. Getty’s compensation policies are also designed to promote increased stockholder value by aligning the financial interests of Getty’s executive officers with those of its stockholders. The Compensation Committee believes that its current policies, plans and programs are appropriate for these purposes. Getty’s executive compensation program involves a combination of annual cash compensation, discretionary incentive compensation (cash incentive awards and equity incentive awards such as RSUs with dividend equivalents), retirement and other plans, and perquisites and other benefits. Although the Compensation Committee has not adopted any formal policies for allocating compensation among these compensation components, in conducting its review and rendering its determinations, the Compensation Committee evaluates whether each NEO is provided with a total compensation opportunity that achieves the key objectives of the compensation program while maintaining an appropriate cost and risk management structure. Base salary levels for NEOs are, in combination with other compensation components, considered by the Compensation Committee to be sufficient to achieve the objectives of Getty’s compensation program. The total compensation for each NEO, including discretionary annual cash incentive awards and RSU grants (and dividend equivalents paid with respect to such RSUs), is in an aggregate amount which the Compensation Committee considers sufficient to retain the NEO and to align their interests with those of Getty’s stockholders. In making executive compensation determinations, the Compensation Committee has also considered the results of the non-binding, advisory stockholder votes on the Company’s executive compensation program. Our stockholders have approved the Company’s executive compensation program each year since the advisory vote was first sought, most recently approving it by 95.76% of votes cast on the say-on-pay proposal in our 2024 Proxy Statement. The Compensation Committee was mindful of our stockholders’ endorsement of the Compensation Committee’s decisions and policies and has maintained