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Pay vs Performance Disclosure - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE
The following table sets forth information concerning the compensation of Patrick J. Callan, Jr., our principal executive officer (“PEO”), and our other named executive officers (i.e., Lawrence G. Ricketts, Jr., Matthew J. Gould, Jeffrey A. Gould, Isaac Kalish (for 2024 and 2023 only), and David W. Kalish (for 2023 and 2022 only), referred to collectively as the “NEOs”) for each of 2024, 2023 and 2022 and our financial and market performance for each such year:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Summary
Compensation
Table Total for
PEO
($)(1)
 
 
Compensation
Actually Paid to
PEO(2)
($)
 
 
Average
Summary
Compensation
Table Total for
NEOs
($)
 
 
Average
Compensation
Actually Paid to
NEOs(1)(3)
($)
 
 
Value of Initial
Fixed $100
Investment
Based On:
 
 
Net Income
(millions)
($)(4)
 
Total
Stockholder
Return
($)
 
2024
 
 
1,845,844
 
 
2,788,723
 
 
901,954
 
 
1,374,336
 
 
97.47
 
 
30.4
2023
 
 
1,781,302
 
 
1,639,769
 
 
801,776
 
 
740,588
 
 
72.90
 
 
29.6
2022
 
 
2,112,809
 
 
125,072
 
 
1,068,536
 
 
8,248
 
 
67.82
 
 
42.2
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
See Note 3 to the Summary Compensation Table for information regarding the treatment of dividends and dividend equivalents payable on stock and similar awards.
(2)
Represents the “compensation actually paid” to Mr. Callan as computed in accordance with SEC requirements. Such amounts do not reflect the actual amount of compensation earned by or paid to Mr. Callan. See table immediately below for a reconciliation showing how “compensation actually paid” was calculated.
(3)
Represents the average amount of “compensation actually paid” to the NEOs as a group as computed in accordance with SEC requirements. Such amounts do not reflect the actual average amount of compensation earned by or paid to these NEOs as a group. See “– Compensation of NEOs.”
(4)
Represents net income attributable to One Liberty Properties, Inc.
In accordance with SEC requirements, the following adjustments were made to Mr. Callan’s total compensation for the applicable year to determine his “compensation actually paid”:
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Reported
Summary
Compensation
Table Total for
PEO
($)
 
 
Reported Value
of Equity
Awards
($)
 
 
Equity Award
Adjustments
($)
 
 
Compensation
Actually Paid
to PEO
($)
2024
 
 
1,845,844
 
 
(668,176)
 
 
1,611,055
 
 
2,788,723
2023
 
 
1,781,302
 
 
(652,760)
 
 
511,227
 
 
1,639,769
2022
 
 
2,112,809
 
 
(971,731)
 
 
(1,016,006)
 
 
125,072
 
 
 
 
 
 
 
 
 
 
 
 
 
The table below sets forth the manner in which Equity Award Adjustments in the immediately preceding table were calculated (see footnotes (1) – (9) below for the assumptions made in the valuations that differ materially from those disclosed as of the grant date of such equity awards:
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Year End Fair
Value of Equity
Awards
($)
 
 
Year over
Year Change
in Fair Value
of Outstanding
and Unvested
Equity Awards
($)
 
 
Year over Year
Change in Fair
Value of Equity
Awards
Granted in
Prior Years
that Vested in
the Year
($)
 
 
Total Equity
Award
Adjustments
($)
2024
 
 
828,862(1)
 
 
771,749(2)
 
 
10,444 (3)
 
 
1,611,055
2023
 
 
663,011(4)
 
 
(127,592)(5)
 
 
(24,192)(6)
 
 
511,227
2022
 
 
675,599(7)
 
 
(1,486,618)(8)
 
 
(204,987)(9)
 
 
(1,016,006)
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
With respect to the 2024 RSU-ROCs, assumes that as of (i) the grant date, 44% of such awards would vest and (ii) year-end 2024, 48% of such awards would vest.
(2)
With respect to the (A) 2023 RSU-ROCs, assumes that as of (i) year-end 2024, 47% of such awards would vest and (ii) year-end 2023, 51% of such awards would vest and (B) 2022 RSU-ROCs, assumes that as of (i) year-end 2024, 72% of such awards would vest and (ii) year-end 2023, 67% of such awards would vest.
(3)
With respect to the 2021 RSU-ROCs, which vested in 2024, assumes that as of year-end 2023, 100% of such awards would vest, of which only 50% actually vested.
(4)
With respect to the 2023 RSU-ROCs, assumes that as of (i) the grant date, 53% of such awards would vest and (ii) year-end, 51% of such awards would vest.
(5)
With respect to the (A) 2022 RSU-ROCs, assumes that as of (i) year-end 2023, 67% of such awards would vest and (ii) year-end 2022, 69% of such awards would vest and (B) 2021 RSU-ROCs, assumes that as of (i) year-end 2023, 100% of such awards would vest and (ii) year-end 2022, 100% of such awards would vest.
(6)
With respect to the 2020 RSU-ROCs which vested in 2023, assumes that as of year-end 2022, 100% of such awards would vest, which is the amount that actually vested.
(7)
With respect to the 2022 RSU-ROCs, assumes that as of (i) the grant date, 63% of such awards would vest and (ii) year-end 2022, 69% of such awards would vest.
(8)
With respect to the (A) 2021 RSU-ROCs, assumes that as of (i) year-end 2022, 100% of such awards would vest, and (ii) year-end 2021, 97% of such awards would vest and (B) 2020 RSU-ROCs, assumes that as of (i) year-end 2022, 100% of such awards would vest and (ii) year-end 2021, 100% of such awards would vest.
(9)
With respect to the 2019 RSU-ROCs which vested in 2022, assumes that as of year-end 2021, 100% of such awards would vest, of which only 86% actually vested.
Compensation of NEOs
In accordance with SEC requirements, the following adjustments were made to average total compensation for the NEOs for each year to determine the “compensation actually paid” to this group.
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Average
Reported
Summary
Compensation
Table Total for
NEOs
($)
 
 
Average
Reported Value
of Equity
Awards
($)
 
 
Average Equity
Award
Adjustments
($)(1)
 
 
Average
Compensation
Actually Paid
to NEOs
($)
2024(1)
 
 
901,954
 
 
(361,628)
 
 
834,010
 
 
1,374,336
2023(2)(3)(4)
 
 
801,776
 
 
(320,527)
 
 
259,339
 
 
740,588
2022(2)(3)(5)
 
 
1,068,536
 
 
(535,183)
 
 
(525,105)
 
 
8,248
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
The amounts for 2024 excludes David W. Kalish.
(2)
The amounts for 2023 and 2022 include David W. Kalish as he served as our chief financial officer for part of 2023 and all of 2022.
(3)
Although the vesting of David W. Kalish’s restricted stock would accelerate upon his retirement, as he has not retired, and consistent with the disclosure elsewhere in this proxy statement (except as otherwise indicated), we have not accelerated the vesting of such awards.
(4)
The amount for 2023 includes David W. Kalish and Isaac Kalish, as each served as our chief financial officer for part of 2023.
(5)
The results for 2022 do not include Isaac Kalish as his service as chief financial officer began in June 2023.
The table below sets forth the manner in which Average Equity Award Adjustments in the immediately preceding table were calculated (see footnotes (1) – (5) above for the assumptions made in the valuations that differ materially from those disclosed as of the grant date of such equity awards):
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Average Year
End Fair Value
of Equity
Awards
($)
 
 
Year over Year
Average Change
in Fair Value of
Outstanding
and Unvested
Equity Awards
($)
 
 
Year over Year
Average
Change in Fair
Value of Equity
Awards
Granted in
Prior Years
that Vested in
the Year
($)
 
 
Total Average
Equity Award
Adjustments
($)
2024
 
 
449,162
 
 
380,083
 
 
4,765
 
 
834,010
2023
 
 
325,079
 
 
(58,294)
 
 
(7,446)
 
 
259,339
2022
 
 
370,568
 
 
(801,630)
 
 
(94,043)
 
 
(525,105)
 
 
 
 
 
 
 
 
 
 
 
 
 
    
Named Executive Officers, Footnote
(2)
Represents the “compensation actually paid” to Mr. Callan as computed in accordance with SEC requirements. Such amounts do not reflect the actual amount of compensation earned by or paid to Mr. Callan. See table immediately below for a reconciliation showing how “compensation actually paid” was calculated.
(1)
The amounts for 2024 excludes David W. Kalish.
(2)
The amounts for 2023 and 2022 include David W. Kalish as he served as our chief financial officer for part of 2023 and all of 2022.
(3)
Although the vesting of David W. Kalish’s restricted stock would accelerate upon his retirement, as he has not retired, and consistent with the disclosure elsewhere in this proxy statement (except as otherwise indicated), we have not accelerated the vesting of such awards.
(4)
The amount for 2023 includes David W. Kalish and Isaac Kalish, as each served as our chief financial officer for part of 2023.
(5)
The results for 2022 do not include Isaac Kalish as his service as chief financial officer began in June 2023.
   
PEO Total Compensation Amount $ 1,845,844 $ 1,781,302 $ 2,112,809
PEO Actually Paid Compensation Amount $ 2,788,723 1,639,769 125,072
Adjustment To PEO Compensation, Footnote
In accordance with SEC requirements, the following adjustments were made to Mr. Callan’s total compensation for the applicable year to determine his “compensation actually paid”:
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Reported
Summary
Compensation
Table Total for
PEO
($)
 
 
Reported Value
of Equity
Awards
($)
 
 
Equity Award
Adjustments
($)
 
 
Compensation
Actually Paid
to PEO
($)
2024
 
 
1,845,844
 
 
(668,176)
 
 
1,611,055
 
 
2,788,723
2023
 
 
1,781,302
 
 
(652,760)
 
 
511,227
 
 
1,639,769
2022
 
 
2,112,809
 
 
(971,731)
 
 
(1,016,006)
 
 
125,072
 
 
 
 
 
 
 
 
 
 
 
 
 
The table below sets forth the manner in which Equity Award Adjustments in the immediately preceding table were calculated (see footnotes (1) – (9) below for the assumptions made in the valuations that differ materially from those disclosed as of the grant date of such equity awards:
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Year End Fair
Value of Equity
Awards
($)
 
 
Year over
Year Change
in Fair Value
of Outstanding
and Unvested
Equity Awards
($)
 
 
Year over Year
Change in Fair
Value of Equity
Awards
Granted in
Prior Years
that Vested in
the Year
($)
 
 
Total Equity
Award
Adjustments
($)
2024
 
 
828,862(1)
 
 
771,749(2)
 
 
10,444 (3)
 
 
1,611,055
2023
 
 
663,011(4)
 
 
(127,592)(5)
 
 
(24,192)(6)
 
 
511,227
2022
 
 
675,599(7)
 
 
(1,486,618)(8)
 
 
(204,987)(9)
 
 
(1,016,006)
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
With respect to the 2024 RSU-ROCs, assumes that as of (i) the grant date, 44% of such awards would vest and (ii) year-end 2024, 48% of such awards would vest.
(2)
With respect to the (A) 2023 RSU-ROCs, assumes that as of (i) year-end 2024, 47% of such awards would vest and (ii) year-end 2023, 51% of such awards would vest and (B) 2022 RSU-ROCs, assumes that as of (i) year-end 2024, 72% of such awards would vest and (ii) year-end 2023, 67% of such awards would vest.
(3)
With respect to the 2021 RSU-ROCs, which vested in 2024, assumes that as of year-end 2023, 100% of such awards would vest, of which only 50% actually vested.
(4)
With respect to the 2023 RSU-ROCs, assumes that as of (i) the grant date, 53% of such awards would vest and (ii) year-end, 51% of such awards would vest.
(5)
With respect to the (A) 2022 RSU-ROCs, assumes that as of (i) year-end 2023, 67% of such awards would vest and (ii) year-end 2022, 69% of such awards would vest and (B) 2021 RSU-ROCs, assumes that as of (i) year-end 2023, 100% of such awards would vest and (ii) year-end 2022, 100% of such awards would vest.
(6)
With respect to the 2020 RSU-ROCs which vested in 2023, assumes that as of year-end 2022, 100% of such awards would vest, which is the amount that actually vested.
(7)
With respect to the 2022 RSU-ROCs, assumes that as of (i) the grant date, 63% of such awards would vest and (ii) year-end 2022, 69% of such awards would vest.
(8)
With respect to the (A) 2021 RSU-ROCs, assumes that as of (i) year-end 2022, 100% of such awards would vest, and (ii) year-end 2021, 97% of such awards would vest and (B) 2020 RSU-ROCs, assumes that as of (i) year-end 2022, 100% of such awards would vest and (ii) year-end 2021, 100% of such awards would vest.
(9)
With respect to the 2019 RSU-ROCs which vested in 2022, assumes that as of year-end 2021, 100% of such awards would vest, of which only 86% actually vested.
   
Non-PEO NEO Average Total Compensation Amount $ 901,954 801,776 1,068,536
Non-PEO NEO Average Compensation Actually Paid Amount $ 1,374,336 740,588 8,248
Adjustment to Non-PEO NEO Compensation Footnote
Compensation of NEOs
In accordance with SEC requirements, the following adjustments were made to average total compensation for the NEOs for each year to determine the “compensation actually paid” to this group.
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Average
Reported
Summary
Compensation
Table Total for
NEOs
($)
 
 
Average
Reported Value
of Equity
Awards
($)
 
 
Average Equity
Award
Adjustments
($)(1)
 
 
Average
Compensation
Actually Paid
to NEOs
($)
2024(1)
 
 
901,954
 
 
(361,628)
 
 
834,010
 
 
1,374,336
2023(2)(3)(4)
 
 
801,776
 
 
(320,527)
 
 
259,339
 
 
740,588
2022(2)(3)(5)
 
 
1,068,536
 
 
(535,183)
 
 
(525,105)
 
 
8,248
 
 
 
 
 
 
 
 
 
 
 
 
 
(1)
The amounts for 2024 excludes David W. Kalish.
(2)
The amounts for 2023 and 2022 include David W. Kalish as he served as our chief financial officer for part of 2023 and all of 2022.
(3)
Although the vesting of David W. Kalish’s restricted stock would accelerate upon his retirement, as he has not retired, and consistent with the disclosure elsewhere in this proxy statement (except as otherwise indicated), we have not accelerated the vesting of such awards.
(4)
The amount for 2023 includes David W. Kalish and Isaac Kalish, as each served as our chief financial officer for part of 2023.
(5)
The results for 2022 do not include Isaac Kalish as his service as chief financial officer began in June 2023.
The table below sets forth the manner in which Average Equity Award Adjustments in the immediately preceding table were calculated (see footnotes (1) – (5) above for the assumptions made in the valuations that differ materially from those disclosed as of the grant date of such equity awards):
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Average Year
End Fair Value
of Equity
Awards
($)
 
 
Year over Year
Average Change
in Fair Value of
Outstanding
and Unvested
Equity Awards
($)
 
 
Year over Year
Average
Change in Fair
Value of Equity
Awards
Granted in
Prior Years
that Vested in
the Year
($)
 
 
Total Average
Equity Award
Adjustments
($)
2024
 
 
449,162
 
 
380,083
 
 
4,765
 
 
834,010
2023
 
 
325,079
 
 
(58,294)
 
 
(7,446)
 
 
259,339
2022
 
 
370,568
 
 
(801,630)
 
 
(94,043)
 
 
(525,105)
 
 
 
 
 
 
 
 
 
 
 
 
 
    
Compensation Actually Paid vs. Total Shareholder Return    
Compensation Actually Paid vs. Net Income    
Total Shareholder Return Amount $ 97.47 72.9 67.82
Net Income (Loss) $ 30,400,000 $ 29,600,000 $ 42,200,000
PEO Name Mr. Callan Mr. Callan Mr. Callan
Equity Awards Adjustments, Footnote
The table below sets forth the manner in which Equity Award Adjustments in the immediately preceding table were calculated (see footnotes (1) – (9) below for the assumptions made in the valuations that differ materially from those disclosed as of the grant date of such equity awards:
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Year End Fair
Value of Equity
Awards
($)
 
 
Year over
Year Change
in Fair Value
of Outstanding
and Unvested
Equity Awards
($)
 
 
Year over Year
Change in Fair
Value of Equity
Awards
Granted in
Prior Years
that Vested in
the Year
($)
 
 
Total Equity
Award
Adjustments
($)
2024
 
 
828,862(1)
 
 
771,749(2)
 
 
10,444 (3)
 
 
1,611,055
2023
 
 
663,011(4)
 
 
(127,592)(5)
 
 
(24,192)(6)
 
 
511,227
2022
 
 
675,599(7)
 
 
(1,486,618)(8)
 
 
(204,987)(9)
 
 
(1,016,006)
 
 
 
 
 
 
 
 
 
 
 
 
 
The table below sets forth the manner in which Average Equity Award Adjustments in the immediately preceding table were calculated (see footnotes (1) – (5) above for the assumptions made in the valuations that differ materially from those disclosed as of the grant date of such equity awards):
 
 
 
 
 
 
 
 
 
 
 
 
 
Year
 
 
Average Year
End Fair Value
of Equity
Awards
($)
 
 
Year over Year
Average Change
in Fair Value of
Outstanding
and Unvested
Equity Awards
($)
 
 
Year over Year
Average
Change in Fair
Value of Equity
Awards
Granted in
Prior Years
that Vested in
the Year
($)
 
 
Total Average
Equity Award
Adjustments
($)
2024
 
 
449,162
 
 
380,083
 
 
4,765
 
 
834,010
2023
 
 
325,079
 
 
(58,294)
 
 
(7,446)
 
 
259,339
2022
 
 
370,568
 
 
(801,630)
 
 
(94,043)
 
 
(525,105)
 
 
 
 
 
 
 
 
 
 
 
 
 
    
2024 RSU-ROC [Member]      
Pay vs Performance Disclosure      
Vesting percentage assumption as of the grant date 44.00%    
Vesting percentage assumption as of year-end 48.00%    
2023 RSU-ROC [Member]      
Pay vs Performance Disclosure      
Vesting percentage assumption as of the grant date   53.00%  
Vesting percentage assumption as of year-end 47.00% 51.00%  
Vesting percentage assumption as of prior year-end 51.00%    
2022 RSU-ROC [Member]      
Pay vs Performance Disclosure      
Vesting percentage assumption as of the grant date     63.00%
Vesting percentage assumption as of year-end 72.00% 67.00% 69.00%
Vesting percentage assumption as of prior year-end 67.00% 69.00%  
2021 RSU-ROC [Member]      
Pay vs Performance Disclosure      
Vesting percentage assumption as of year-end   100.00% 100.00%
Vesting percentage assumption as of prior year-end 100.00% 100.00% 97.00%
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage 50.00%    
2020 RSU-ROC [Member]      
Pay vs Performance Disclosure      
Vesting percentage assumption as of year-end     100.00%
Vesting percentage assumption as of prior year-end     100.00%
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage   100.00%  
2019 RSU-ROC [Member]      
Pay vs Performance Disclosure      
Vesting percentage assumption as of prior year-end     100.00%
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percentage     86.00%
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (668,176) $ (652,760) $ (971,731)
PEO | Equity Awards Adjustments, Excluding Value Reported in the Compensation Table [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 1,611,055 511,227 (1,016,006)
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 828,862 663,011 675,599
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 771,749 (127,592) (1,486,618)
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 10,444 (24,192) (204,987)
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (361,628) (320,527) (535,183)
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in the Compensation Table [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 834,010 259,339 (525,105)
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 449,162 325,079 370,568
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 380,083 (58,294) (801,630)
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year [Member]      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 4,765 $ (7,446) $ (94,043)