Vornado Realty Trust EVP acquires 50,246 shares

The reported post-transaction positions were 1,417,295 AO RUs and 332,999 Class A Units.

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Form Type

Rhea-AI Filing Summary

On October 6, 2026, Glen J. Weiss, whose listed title is EVP- OFF. LEASING CO HEAD R.E. at Vornado Realty Trust (VNO), reported disposing of 100,000 AO RUs in an exercise/conversion involving 100,000 underlying Class A Units, and acquiring 50,246 common shares through conversion of 50,246 Class A Units. Reported resulting positions were 1,417,295 AO RUs and 332,999 Class A Units. AO RUs convert after vesting and satisfaction of performance hurdles under a formula using the common-share value and a $16.6777 threshold.

Insider Trade Summary

150,246 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}	50,246	--	--

Holdings After Transaction: AO RUs — 1,417,295 contracts (Direct); Class A Units — 332,999 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 disposed in exercise/conversion: 100,000 units Underlying Class A Units: 100,000 units Class A Units converted: 50,246 units +4 more

7 metrics

AO RUs disposed in exercise/conversion 100,000 units Transaction reported October 6, 2026

Underlying Class A Units 100,000 units AO RU transaction reported October 6, 2026

Class A Units converted 50,246 units Transaction reported October 6, 2026

Common shares acquired 50,246 shares Through conversion of Class A Units reported October 6, 2026

AO RUs following transaction 1,417,295 units Reported resulting position

Class A Units following transaction 332,999 units Reported resulting position

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

Key Terms

appreciation only restricted units, performance hurdles, Class A Units, one-for-one basis

4 terms

appreciation only restricted units financial

"appreciation only restricted units"

performance hurdles financial

"satisfaction of certain performance hurdles"

Class A Units financial

"Class A Units of the Operating Partnership are redeemable"

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.

one-for-one basis financial

"common shares of the Company on a one-for-one basis"

FAQ

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

What VNO units did Glen J. Weiss exercise or convert?

On October 6, 2026, Glen J. Weiss disposed of 100,000 AO RUs in an exercise/conversion involving 100,000 underlying Class A Units and acquired 50,246 common shares through conversion of 50,246 Class A Units.

What were Glen J. Weiss’s reported VNO holdings after the transactions?

The reported resulting positions were 1,417,295 AO RUs and 332,999 Class A Units.

How are VNO appreciation-only restricted units converted?

After vesting and satisfaction of performance hurdles, the number of Class A Units is determined by dividing the excess of the Company common-share value on the conversion date over $16.6777 by that common-share value.

How can Vornado Realty L.P. Class A Units be redeemed?

The holder may redeem Class A Units for cash or, at the Company’s election, for common shares on a one-for-one basis or the cash value of those shares.

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

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Available on EDGAR 10/08/2026 - 04:30 PM Accepted by SEC EDGAR 10/08/2026 - 04:30 PM

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)
10/06/2026

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⁾	10/06/2026	10/06/2026	M			100,000	06/29/2026⁽¹⁾	06/29/2033⁽¹⁾	Class A Units	100,000	$0⁽¹⁾	1,417,295⁽¹⁾	D
Class A Units	⁽¹⁾⁽²⁾	10/06/2026	10/06/2026	M		50,246⁽²⁾		⁽²⁾	⁽²⁾	Common Shares	50,246⁽²⁾	⁽²⁾	332,999	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	10/08/2026
	** 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