Company: OLP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001140361-25-013961
Chunk: 45

Company: ONE LIBERTY PROPERTIES INC
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 45
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 supplies. Majestic is wholly owned by the vice chairman of our board, and certain of our part-time officers, including our part-time named executive officers, are officers of and have received, and may receive, compensation from, Majestic. Majestic allocated an aggregate of $1,777,000 and $1,840,000 to the following officers (some of whom are also officers of Majestic and/or other companies affiliated with us), for the services they performed on our behalf in 2024 and 2023, respectively: David Kalish $244,000 and $253,000, Mark H. Lundy, $276,000 and $304,000; Israel Rosenzweig, $49,000 and $62,000; and Steven Rosenzweig, $121,000 and $99,000. See “Executive Compensation - Summary Compensation Table”for amounts allocated to Messrs. M. Gould, J. Gould and I. Kalish. (No amounts allocated by Majestic were allocated to Frederic H. Gould and as previously reported in this proxy statement under “Governance of the Company — Compensation of Directors,”he received $130,205 and $125,197 in 2024 and 2023, respectively, for serving as Vice Chairman of the Board of Directors). The allocated amounts do not represent the amounts paid to such individuals which may be greater or less than the allocated amounts. These individuals also received compensation in 2024 and 2023 from our other affiliates, including BRT Apartments and Gould Investors, as well as other entities owned by Fredric H. Gould and/or members of his family, none of which provided services to us in 2024 or 2023. See “Executive Compensation - Compensation of Part-Time Named Executive Officers”for information regarding the determination of amounts paid by Majestic to these officers. We obtain our property insurance in conjunction with Gould Investors and its affiliates and in 2024 and 2023, we reimbursed Gould $1,177,000 and $1,093,000, respectively, for our share of the insurance premiums. During 2024 and 2023, $2,401,000 and $2,499,000, respectively, of non-cash compensation expense relating to the restricted stock and RSUs held by our part-time executive officers and employees (who may also be compensated by Majestic or its affiliates), was charged to our operations. See “ Executive

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TABLE OF CONTENTS Compensation-Compensation Program