Company: OLP
Filing Date: 2025-04-15
Form Type: DEF 14A
Source: 0001140361-25-013961
Chunk: 48

Company: ONE LIBERTY PROPERTIES INC
Filing Date: 2025-04-15
Form: DEF 14A
Chunk 48
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xley Act of 2002, provided they are approved in advance by the audit committee. The audit committee approved all audit and non-audit services performed by our independent registered public accounting firm in 2024 and 2023.

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REPORT OF THE AUDIT COMMITTEE The role of the audit committee is to select and engage our independent registered public accounting firm and to oversee and monitor, among other things, our financial reporting process and the independence and performance of the independent registered public accounting firm. It is the responsibility of management to prepare financial statements in accordance with generally accepted accounting principles and of the independent registered public accounting firm to perform an independent audit of the financial statements and to express an opinion on the conformity of those financial statements with generally accepted accounting principles. In performing its duties, the audit committee:

| • | discussed with the independent registered public accounting firm the matters required to be discussed by applicable requirements of the Public Company Accounting Oversight Board (the “PCAOB”); |

| • | received from E&Y the written disclosures and the letter from E&Y regarding E&Y’s independence required by the applicable requirements of the PCAOB, and discussed with such firm its independence; and |

| Respectfully submitted, |
| Leor Siri, Chair        |
| J. Robert Lovejoy       |
| Karen A. Till           |

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ONE LIBERTY PROPERTIES, INC. 2025 INCENTIVE PLAN (PROPOSAL 4) Highlights of the Plan Set forth below are some of the highlights of the Plan:

| • | Options, restricted stock, restricted stock units, and performance based awards may be granted to acquire up to an aggregate of 750,000 shares of common stock, and dividend equivalent rights may be granted in tandem with RSUs and certain other performance based awards; |

| • | A non-management director may not be granted awards with respect to more than 10,000 shares in any year; |

| • | Options may not be granted at an exercise price per share that is less than 100% of the fair market value per share on the date of the grant; |

| • | Participants may not be granted more than 100,000 shares in any year pursuant to each type of award other than with respect to stock options as to which no more than 50,000 shares may be granted in each year; |

| • | Provides for a default two-year cliff vesting schedule; and we anticipate that, consistent with past practice