Richard E. Montag - Feb 21, 2023 Form 4 Insider Report for GETTY REALTY CORP /MD/ (GTY)

Role: Fmr Director (retired 2/21/23)
Signature: /s/ Richard E. Montag
Stock symbol: GTY
Transactions as of: Feb 21, 2023
Transactions value $: $0
Form type: 4
Date filed: 2/23/2023, 03:49 PM
Previous filing: Mar 2, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GTY	Common Stock	Options Exercise		+37.2K	+62.98%		96.3K	Feb 21, 2023	Direct	F1, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GTY	Restricted Stock Unit	Options Exercise		-37.2K	-64.14%		20.8K	Feb 21, 2023	Common Stock	37.2K		Direct	F1, F2, F3
transaction	GTY	Restricted Stock Unit	Options Exercise		-20.8K	-100%		0	Feb 21, 2023	Common Stock	20.8K		Direct	F1, F2, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Richard E. Montag is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id	Content
F1	Each Restricted Stock Unit (RSU) is settled at the discretion of the Compensation Committee in one share of common stock or in cash in an amount equal to the fair market value of one share of common stock on the settlement date noted in footnote (2) below.
F2	RSUs vest ratably over 5 years commencing on the 1st anniversary of the grant date, subject to continued service with the Issuer on each vesting date, except that to the extent unvested, RSUs fully vest upon death or upon termination of service for any reason other than the Reporting Person voluntarily electing to resign from the Board, voluntarily electing not to stand for re-election, or being involuntarily removed from the Board (excluding a failure to be re-elected by the stockholders). RSUs may also vest in the discretion of the Compensation Committee upon retirement from the Board, subject to the terms of the Issuer's Third Amended and Restated 2004 Omnibus Incentive Compensation Plan and the applicable grant agreement. RSUs are settled in cash or common stock, in the discretion of the Compensation Committee, upon the earlier of the 10th anniversary of the grant date (or 10th anniversary of the first vesting date for RSUs granted in 2016-2018), or termination of service.
F3	As the result of the Reporting Person's retirement, this transaction represents settlement of the total number of RSUs which were held by the Reporting Person and fully vested immediately prior to such retirement, in shares of common stock pursuant to the underlying Restricted Stock Unit Agreements and the Plan.
F4	As the result of the Reporting Person's retirement, this transaction represents settlement of the total number of RSUs which were held by the Reporting Person and unvested immediately prior to such retirement, for cash pursuant to underlying Restricted Stock Unit Agreements and the Plan.