Getty Realty Corp. filed a Form 8-K/A on August 20, 2026, amending its August 3, 2026 Current Report to provide details of the separation agreement executed with former Chief Accounting Officer Eugene Shnayderman on August 14, 2026.

Key Highlights

  • Cash separation payment: Eugene Shnayderman will receive a $300,000 cash separation payment, subject to applicable withholding taxes.
  • COBRA reimbursement: The company will reimburse COBRA premiums for Shnayderman and his eligible dependents through February 28, 2027, payable in a lump sum within 30 days of the Separation Date.
  • RSU holdings: As of the Separation Date, Shnayderman held 108,650 restricted stock units total, of which 62,750 were already vested.
  • Accelerated vesting: The remaining unvested RSUs were fully vested as of the Separation Date and will be settled in a lump-sum cash payment equal to fair market value per share on the settlement date.
  • Successor named: Nicole Rapport was reported in the Initial Report as succeeding Shnayderman as Chief Accounting Officer.
  • Separation Date: August 14, 2026 was designated as Shnayderman's last day with the company.

Getty Realty Outlines Shnayderman Separation Terms After CAO Transition

According to the filing, Getty Realty Corp. (NYSE:GTY) filed the 8-K/A to amend a Current Report originally submitted on August 3, 2026, which had announced that Nicole Rapport would succeed Eugene Shnayderman as Chief Accounting Officer. The amendment was filed because the Separation Agreement between Shnayderman and the company was not executed until August 14, 2026, the same day as his designated Separation Date, and therefore could not be included in the Initial Report.

The filing discloses that under the Separation Agreement, Shnayderman is entitled to: a $300,000 cash separation payment; payment for any accrued and unused paid time off days as of the Separation Date; reimbursement of COBRA premiums for himself and eligible dependents through February 28, 2027, payable as a lump sum within 30 days of the Separation Date; and certain other reimbursements as described in the Separation Agreement. All payments are stated to be subject to applicable withholding taxes.

Regarding equity, the filing states that as of the Separation Date, Shnayderman held 108,650 restricted stock units. Of these, 62,750 had already vested under the vesting schedule of the Getty Realty Corp. Third Amended and Restated 2004 Omnibus Incentive Compensation Plan and will be settled in shares of the company's common stock per the terms of the award agreement. The remaining unvested RSUs were fully vested as of the Separation Date and will be settled in a lump-sum cash payment equal to fair market value per share on the settlement date. The filing notes the full text of the Separation Agreement will be filed as an exhibit to the company's Quarterly Report on Form 10-Q for the period ending September 30, 2026.

What Was Disclosed

Getty Realty Corp. filed an amendment to its prior 8-K to detail the separation terms agreed with departing Chief Accounting Officer Eugene Shnayderman, including a $300,000 cash payment, COBRA reimbursement through February 28, 2027, and accelerated vesting of unvested RSUs settled in cash.