Vornado director granted 7,168 restricted units

Vornado Realty Trust director Russell B. Wight Jr. received a grant of 7,168 restricted units of Vornado Realty L.P. on May 21, 2026.

Rhea-AI Filing Summary

Vornado Realty Trust director Russell B. Wight Jr. received a grant of 7,168 restricted units of Vornado Realty L.P. on May 21, 2026. These Restricted Units vest immediately and are a form of equity-based compensation, with no cash paid by the director.

The Restricted Units can later be converted into an equivalent number of Class A Units of the operating partnership. Those Class A Units are redeemable for cash or, at the company’s election, an equal number of common shares of beneficial interest. Both the Restricted Units and any related common shares must generally be held until Wight is no longer a member of the board of trustees.

Insider Trade Summary

Grant/Award: 7,168 shares

Grant/Award 1 txn

Insider WIGHT RUSSELL B JR

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Restricted Units	7,168	$0.00	$0.00

Holdings After Transaction: Restricted Units — 7,168 contracts (Direct)

Footnotes (2)

1. F1. On May 21, 2026, the reporting person received a grant of restricted units (the "Restricted Units") of Vornado Realty L.P. (the "Operating Partnership"), the Operating Partnership of Vornado Realty Trust (the "Company"). The Restricted Units are a class of units of the Operating Partnership that following the occurrence of certain events are convertible by the holder into an equivalent number of Class A Units of the Operating Partnership. Class A Units are redeemable by the holder for cash or, at the Company's election, common shares of beneficial interest, $0.04 par value per share (the "Common Shares") of the Company on a one for one basis or the cash value of such shares.
2. F2. These Restricted Units vest immediately. These units are not transferable until the reporting person is no longer serving as a member of the Company's Board of Trustees, other than in connection with a conversion of the Restricted Units to Class A Units and a redemption of such Class A Units for Common Shares. Any Common Shares issued in connection with such a redemption must be held by the reporting person until such person is no longer a member of the Company's Board of Trustees.

Key Figures

Restricted Units granted: 7,168 units Price per Restricted Unit: $0.00 per unit Underlying common shares: 7,168 shares +1 more

4 metrics

Restricted Units granted 7,168 units Equity grant to director on May 21, 2026

Price per Restricted Unit $0.00 per unit Compensation grant, not open-market purchase

Underlying common shares 7,168 shares Each Restricted Unit ultimately ties to one common share via Class A Units

Total Restricted Units after grant 7,168 units Director’s holdings of this award series following transaction

Key Terms

Restricted Units, Class A Units, redeemable, common shares of beneficial interest, +1 more

5 terms

Restricted Units financial

"the reporting person received a grant of restricted units (the "Restricted Units") of Vornado Realty L.P."

Class A Units financial

"convertible by the holder into an equivalent number of Class A 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.

redeemable financial

"Class A Units are redeemable by the holder for cash or, at the Company's election, common shares"

common shares of beneficial interest financial

"common shares of beneficial interest, $0.04 par value per share (the "Common Shares") of the Company"

Common Shares of Beneficial Interest are units that represent ownership in a company or organization, like owning a piece of a pie. They give investors voting rights and a chance to share in profits, making them important for those looking to invest and have a say in how the organization is run.

vest immediately financial

"These Restricted Units vest immediately. These units are not transferable until the reporting person is no longer serving"

FAQ

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

What insider transaction did Vornado Realty Trust (VNO) report for Russell B. Wight Jr.?

Vornado reported that director Russell B. Wight Jr. received a grant of 7,168 Restricted Units on May 21, 2026. These units represent equity-based compensation and may later be converted into partnership Class A Units and potentially common shares, aligning his interests with shareholders.

How many Restricted Units did the Vornado (VNO) director receive and at what price?

Russell B. Wight Jr. received 7,168 Restricted Units at a stated price of $0.00 per unit. This indicates a compensation grant rather than an open-market purchase, designed to give him equity exposure without an immediate cash outlay.

What can Vornado Realty Trust’s Restricted Units convert into for the director?

The Restricted Units can become an equivalent number of Class A Units in Vornado Realty L.P. Those Class A Units are redeemable for cash or, at the company’s election, an equal number of common shares of beneficial interest on a one-for-one basis.

When do the Vornado (VNO) Restricted Units granted to the director vest?

The filing states that these Restricted Units vest immediately. Although they vest at once, they remain non-transferable and any related common shares must be held as long as the recipient continues serving on Vornado Realty Trust’s Board of Trustees.

Are the Vornado Restricted Units or resulting shares freely tradable by the director?

No. The Restricted Units are not transferable while the director serves on the board, except through conversion and redemption. Any common shares received from redemption must also be held until he is no longer a member of the Board of Trustees.

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

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Accepted by SEC EDGAR 05/22/2026 - 04:30 PM Learn about SEC filing dates

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^*

WIGHT RUSSELL B JR

(Last) (First) (Middle)

C/O VORNADO REALTY TRUST

888 SEVENTH AVENUE

(Street)

NEW YORK 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)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/21/2026

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)
			Code	V	Amount	(A) or (D)	Price

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Units(1)	(1)	05/21/2026		A		7,168		(2)	(2)	Common Shares	7,168	(1)	7,168	D

Explanation of Responses:

1. On May 21, 2026, the reporting person received a grant of restricted units (the "Restricted Units") of Vornado Realty L.P. (the "Operating Partnership"), the Operating Partnership of Vornado Realty Trust (the "Company"). The Restricted Units are a class of units of the Operating Partnership that following the occurrence of certain events are convertible by the holder into an equivalent number of Class A Units of the Operating Partnership. Class A Units are redeemable by the holder for cash or, at the Company's election, common shares of beneficial interest, $0.04 par value per share (the "Common Shares") of the Company on a one for one basis or the cash value of such shares.

2. These Restricted Units vest immediately. These units are not transferable until the reporting person is no longer serving as a member of the Company's Board of Trustees, other than in connection with a conversion of the Restricted Units to Class A Units and a redemption of such Class A Units for Common Shares. Any Common Shares issued in connection with such a redemption must be held by the reporting person until such person is no longer a member of the Company's Board of Trustees.

	/s/ Ryan Saum, Attorney-in-Fact	05/22/2026
	** 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)