Vornado Realty Trust EVP converts 54,043 units

Q: What transactions did VNO executive Glen J. Weiss report?

On November 4, 2026, Glen J. Weiss reported converting 100,000 AO RUs into 100,000 Class A Units and 54,043 Class A Units into Common Shares. His reported post-transaction positions were 1,317,295 AO RUs and 387,042 Class A Units. No Rule 10b5-1 plan is reported.

AO RUs are convertible after performance hurdles are satisfied and upon vesting; Class A Units may be redeemed for cash or, at Vornado’s election, common shares.

Available on EDGAR 11/06/2026 - 04:30 PM EST Accepted by SEC EDGAR 11/06/2026 - 04:30 PM EST

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Rhea-AI Filing Summary

Vornado Realty Trust (VNO) executive Glen J. Weiss, whose title is “EVP- OFF. LEASING CO HEAD R.E.,” reported converting 100,000 AO RUs into 100,000 Class A Units on November 4, 2026; his reported AO RU position afterward was 1,317,295 units. On the same date, he converted 54,043 Class A Units into Common Shares, with 387,042 Class A Units reported afterward. AO RU conversion is subject to performance hurdles and uses a $16.6777 common-share value threshold. No Rule 10b5-1 plan is reported.

Insider Trade Summary

154,043 shares exercised/converted

Exercise 2 txns

Insider Weiss Glen J.

Role EVP- OFF. LEASING CO HEAD R.E.

Type	Security	Shares	Price	Value
Exercise	AO RUs ^F1	100,000	$0.00	$0.00
Exercise	Class A Units ^{F1, F2}	54,043	--	--

Holdings After Transaction: AO RUs — 1,317,295 contracts (Direct); Class A Units — 387,042 contracts (Direct)

Holdings Before and After: AO RUs, 1,417,295 to 1,317,295 contracts (Direct); Class A Units, 332,999 to 387,042 contracts (Direct)

Footnotes (2)

F1. On June 29, 2023, the reporting person received a grant of appreciation only restricted units (the "AO RUs"), of Vornado Realty L.P., (the "Operating Partnership") the Operating Partnership of Vornado Realty Trust (the "Company") totaling 1,517,295 units, as adjusted, of which 303,459 vested on June 29, 2026 and the remaining 1,213,836 vest on June 29, 2027. The AO RUs are a class of units of the Operating Partnership that, following the satisfaction of certain performance hurdles and upon vesting, are convertible by the holder into a number of Class A Units determined by the quotient of (i) the excess of the value of a Company common share as of the date of the conversion over $16.6777, divided by (ii) the value of a Company common share as of the date of conversion.
F2. Class A Units of the Operating Partnership are redeemable by the holder for cash or, at the Company's election, common shares of the Company on a one-for-one basis or the cash value of such shares. The right to convert Class A Units into common shares does not have an expiration date.

Key Figures

AO RUs converted: 100,000 units Class A Units underlying AO RU conversion: 100,000 units Class A Units converted into Common Shares: 54,043 units +3 more

6 metrics

AO RUs converted 100,000 units November 4, 2026

Class A Units underlying AO RU conversion 100,000 units November 4, 2026

Class A Units converted into Common Shares 54,043 units November 4, 2026

AO RUs after transaction 1,317,295 units Reported following the November 4, 2026 transaction

Class A Units after transaction 387,042 units Reported following the November 4, 2026 transaction

AO RU common-share value threshold $16.6777 per common share Used in the AO RU conversion formula

Key Terms

appreciation only restricted units, performance hurdles, Class A Units, Operating Partnership, +1 more

5 terms

appreciation only restricted units financial

"grant of appreciation only restricted units (the “AO RUs”)"

performance hurdles financial

"following the satisfaction of certain performance hurdles"

Class A Units financial

"class of units of the Operating Partnership"

Class A units are a specific type of ownership stake in a company, fund, trust, or partnership that carries a defined set of rights—often different voting power, dividend priority, or fee arrangements—distinct from other classes of units. For investors they matter because those differences affect control, income and potential returns; think of two neighbors in the same building where one has a bigger say in decisions or a larger share of rental income.

Operating Partnership financial

"Vornado Realty L.P. (the “Operating Partnership”)"

An operating partnership is a separate legal entity set up to own and run a company’s core assets and day-to-day businesses, while investors hold interests indirectly through the parent company. Think of it like a dedicated garage that actually stores and services the cars while the owner keeps the dealership; it matters to investors because it affects how income, taxes, liability and voting rights are allocated and therefore can influence distributions and risk.

redeemable financial

"Class A Units of the Operating Partnership are redeemable"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transactions did VNO executive Glen J. Weiss report?

On November 4, 2026, Glen J. Weiss reported converting 100,000 AO RUs into 100,000 Class A Units and 54,043 Class A Units into Common Shares. His reported post-transaction positions were 1,317,295 AO RUs and 387,042 Class A Units. No Rule 10b5-1 plan is reported.

What are the terms of Glen J. Weiss’s VNO AO RUs?

Weiss received 1,517,295 AO RUs, as adjusted, on June 29, 2023; 303,459 vested on June 29, 2026, and the remaining 1,213,836 vest on June 29, 2027. After performance hurdles are satisfied and upon vesting, they are convertible into Class A Units under a formula tied to common-share value above $16.6777.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Weiss Glen J.

(Last)

(First)

(Middle)

C/O VORNADO REALTY TRUST

888 7TH AVENUE

(Street)

NEW YORK

10019

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
VORNADO REALTY TRUST [ VNO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	EVP- OFF. LEASING CO HEAD R.E.

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/04/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
AO RUs	$16.6777⁽¹⁾	11/04/2026	11/04/2026	M			100,000	06/29/2026⁽¹⁾	06/29/2033⁽¹⁾	Class A Units	100,000	$0⁽¹⁾	1,317,295⁽¹⁾	D
Class A Units	⁽¹⁾⁽²⁾	11/04/2026	11/04/2026	M		54,043⁽²⁾		⁽²⁾	⁽²⁾	Common Shares	54,043⁽²⁾	⁽²⁾	387,042	D

Explanation of Responses:

1. On June 29, 2023, the reporting person received a grant of appreciation only restricted units (the "AO RUs"), of Vornado Realty L.P., (the "Operating Partnership") the Operating Partnership of Vornado Realty Trust (the "Company") totaling 1,517,295 units, as adjusted, of which 303,459 vested on June 29, 2026 and the remaining 1,213,836 vest on June 29, 2027. The AO RUs are a class of units of the Operating Partnership that, following the satisfaction of certain performance hurdles and upon vesting, are convertible by the holder into a number of Class A Units determined by the quotient of (i) the excess of the value of a Company common share as of the date of the conversion over $16.6777, divided by (ii) the value of a Company common share as of the date of conversion.

2. Class A Units of the Operating Partnership are redeemable by the holder for cash or, at the Company's election, common shares of the Company on a one-for-one basis or the cash value of such shares. The right to convert Class A Units into common shares does not have an expiration date.

	/s/ Ryan Saum, Attorney-in-Fact	11/06/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR