Safenowitz Maintains Significant Stake in Getty Realty Corp.

TL;DR

**Insider Howard Safenowitz still holds nearly 3 million shares of Getty Realty, showing strong commitment.**

AI Summary

Howard B. Safenowitz, a key figure associated with Getty Realty Corp., has filed an amended SC 13G/A, indicating his beneficial ownership of 2,979,944 shares of Getty Realty Corp. Common Stock as of December 31, 2023. This represents a significant stake, with 512,611 shares having sole voting and dispositive power, and 2,467,333 shares having shared voting and dispositive power. This filing matters to investors as it shows a substantial, ongoing commitment from an insider, suggesting confidence in the company's future, even as his overall percentage of ownership might fluctuate due to share count changes.

Why It Matters

This filing confirms a major insider's continued substantial investment in Getty Realty Corp., which can signal stability and confidence to current and prospective shareholders.

Risk Assessment

Risk Level: low — The filing indicates a stable, long-term insider holding, which generally reduces perceived risk for investors.

Analyst Insight

A smart investor would view this as a positive signal, indicating that a key insider remains heavily invested, which could suggest long-term stability and potential for growth in Getty Realty Corp. stock.

Key Numbers

• 2,979,944 — Total Shares Beneficially Owned (Represents Howard B. Safenowitz's total stake in Getty Realty Corp. as of December 31, 2023.)
• 512,611 — Shares with Sole Voting Power (Indicates the number of shares Howard B. Safenowitz can vote independently.)
• 2,467,333 — Shares with Shared Voting Power (Indicates the number of shares Howard B. Safenowitz shares voting power over, with a disclaimer for 11,586 shares.)
• December 31, 2023 — Date of Event (The specific date for which the beneficial ownership information is reported.)

Key Players & Entities

• Howard B. Safenowitz (person) — Reporting Person, beneficial owner of Getty Realty Corp. shares
• Getty Realty Corp. (company) — Issuer of the Common Stock
• SAFENOWITZ FAMILY CORP. (company) — Group Member associated with the filing
• SAFENOWITZ PARTNERS, LP (company) — Group Member associated with the filing
• $0.01 (dollar_amount) — par value per share of Common Stock

Forward-Looking Statements

• Howard B. Safenowitz will maintain a significant ownership stake in Getty Realty Corp. (Howard B. Safenowitz) — high confidence, target: December 31, 2024

FAQ

Key Financial Figures

• $0.01 — e of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti

Filing Documents

• tm234998d1_sc13ga.htm (SC 13G/A) — 101KB
• 0001104659-24-014101.txt ( ) — 102KB

(a)

Item 1(a). Name Of Issuer: Getty Realty Corp.

(b)

Item 1(b). Address of Issuer's Principal Executive Offices: 292 Madison Ave., 9th Floor New York, NY 10017-6376

(a)

Item 2(a). Names of Persons Filing: (i) Howard B. Safenowitz (ii) Safenowitz Family Corp. (iii) Safenowitz Partners, LP

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: Getty Realty Corp. 292 Madison Ave., 9th Floor New York, NY 10017-6376

(c)

Item 2(c). Citizenship: United

(d)

Item 2(d). Title of Class of Securities: Common stock, par value $0.01 per share

(e)

Item 2(e). CUSIP Number: 374297 10 9 Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether filing person is a: (a) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o). (b) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c). (c) Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c). (d) Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8). (e) An investment advisor in accordance with 240.13d-1(b)(1)(ii)(E). CUSIP No. 374297 10 9 13G Page 6 of 9 Pages (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F). (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G). (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813). (i) A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3). (j) Group, in accordance with 240.13d-1(b)(1)(ii)(J). If this statement is filed pursuant to Rule 13d-1(c), check this box. Item 4. Common Stock (i) Howard B. Safenowitz (a) Amount Beneficially Owned: As of December 31, 2023: 2,979,944 shares (b) Percent of Class: 5.518% (c) Number of shares as to which the person has: (i) sole power to vote or direct the vote: 512,611 (ii) shared power to vote or direct the vote: 2,467,333 (disclaims beneficial ownership of 11,586 shares) (iii) sole power to dispose or to direct the disposition of: 512,611 (iv) shared power to dispose or to direct the disposition of: 2,467,333 (disclaims beneficial ownership of 11,586 shares) (ii) Safenowitz Family Corp. (a) Amount Beneficially Owned: As of December 31, 2023: 2,455,747 shares (b) Percent of Class: 4.551% (c) Number of shares as to which the person ha

View Full Filing

View this SC 13G/A filing on SEC EDGAR