Vornado CEO reports 26,428-share family trust gift
Vornado Realty Trust chairman and CEO Steven Roth reported a bona fide gift of 26,428 Common Shares held in a 2024 grantor retained annuity trust, which were transferred to a trust for the benefit of his family.
Rhea-AI Filing Summary
Vornado Realty Trust chairman and CEO Steven Roth reported a bona fide gift of 26,428 Common Shares held in a 2024 grantor retained annuity trust, which were transferred to a trust for the benefit of his family. After this transfer, that 2024 GRAT held no Vornado shares.
The filing also updates Roth’s indirect ownership across several entities, including a New Jersey general partnership where he is managing general partner, a limited liability company he solely manages and controls, his spouse, a 2025 grantor retained annuity trust, and a charitable foundation over which he holds sole voting and investment power but for which he disclaims pecuniary interest.
Positive
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Negative
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Insider Trade Summary
26,428 shares gifted
Gift
6 txns
Insider
ROTH STEVEN
Role
CHAIRMAN AND CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Gift | Common Shares | 26,428 | $0.00 | $0.00 |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 0 shares (Indirect, Held by 2024 GRAT);
Common Shares — 50,342 shares (Indirect, Held by 2025 GRAT);
Common Shares — 3,519,032 shares (Indirect, Held by Partnership);
Common Shares — 2,749,054 shares (Indirect, Held by LLC);
Common Shares — 42,350 shares (Indirect, Held by Spouse);
Common Shares — 3,873 shares (Indirect, Held by Foundation)
Footnotes (7)
- F1. Common shares of beneficial interest, par value $.04 per share (the "Common Shares"), of Vornado Realty Trust.
- F2. Reflects the number of Common Shares distributed in accordance with the requirements of the grantor retained annuity trust to a family trust of which the reporting person is not a trustee.
- F3. On May 16, 2024, the reporting person contributed 122,858 Common Shares to a grantor retained annuity trust. Upon termination of the trust on May 18, 2026, 26,428 of the Common Shares were transferred to a trust for the benefit of the reporting person's family. The remaining 96,430 shares were distributed to the reporting person (a portion in May 2025 and a portion on May 18, 2026) and subsequently contributed to another grantor retained annuity trust and to a limited liability company that is managed and controlled solely by the reporting person, and those shares continue to be reported in this Form 4 as indirectly owned.
- F4. These Common Shares are held by Interstate Properties, a New Jersey general partnership of which Mr. Roth is the managing general partner. The filing of this Form 4 shall not be deemed an admission that Mr. Roth is the beneficial owner of these 3,519,032 Common Shares, except to the extent of his pecuniary interest.
- F5. Held by a limited liability company which is managed and controlled solely by the reporting person and all interests therein are held by the reporting person and his spouse.
- F6. These Common Shares are held by the reporting persons spouse. The filing of this Form 4 shall not be deemed an admission that Mr. Roth is the beneficial owner of these Common Shares.
- F7. These Common Shares are held by the Daryl and Steven Roth Foundation, a charitable foundation, over which Mr. Roth holds sole voting and investment power. Mr. Roth disclaims any pecuniary interest in these Common Shares.
Key Figures
Gifted shares: 26,428 shares
Original 2024 GRAT contribution: 122,858 shares
Remaining shares from 2024 GRAT: 96,430 shares
+5 more
8 metrics
Gifted shares
26,428 shares
Common Shares transferred from 2024 GRAT to family trust on May 18, 2026
Original 2024 GRAT contribution
122,858 shares
Common Shares contributed to 2024 grantor retained annuity trust on May 16, 2024
Remaining shares from 2024 GRAT
96,430 shares
Distributed to reporting person and then contributed to another GRAT and an LLC
Partnership-held shares
3,519,032 shares
Common Shares held by Interstate Properties partnership where Roth is managing general partner
LLC-held shares
2,749,054 shares
Common Shares held by a limited liability company managed and controlled solely by Roth
Spouse-held shares
42,350 shares
Common Shares held by the reporting person’s spouse and reported as indirect ownership
2025 GRAT-held shares
50,342 shares
Common Shares held by a 2025 grantor retained annuity trust
Foundation-held shares
3,873 shares
Common Shares held by the Daryl and Steven Roth Foundation; Roth disclaims pecuniary interest
Key Terms
grantor retained annuity trust, bona fide gift, pecuniary interest, managing general partner, +1 more
5 terms
grantor retained annuity trust financial
"On May 16, 2024, the reporting person contributed 122,858 Common Shares to a grantor retained annuity trust."
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
bona fide gift financial
"transaction_code_description": "Bona fide gift""
A bona fide gift is a genuine, voluntary transfer of money, property, or benefits from one party to another made without expectation of repayment, services, or hidden conditions. Investors care because such gifts can affect company disclosures, related‑party transaction rules, tax treatment, and perceived conflicts of interest; think of it like someone giving you a present with no strings attached — but on a corporate scale, auditors and regulators need to verify it really is unconditional.
pecuniary interest financial
"shall not be deemed an admission that Mr. Roth is the beneficial owner of these 3,519,032 Common Shares, except to the extent of his pecuniary interest."
managing general partner financial
"Interstate Properties, a New Jersey general partnership of which Mr. Roth is the managing general partner."
charitable foundation financial
"These Common Shares are held by the Daryl and Steven Roth Foundation, a charitable foundation, over which Mr. Roth holds sole voting and investment power."
A charitable foundation is a non-profit organization established to collect and manage funds to support charitable activities, such as education, health, or community projects. It acts like a financial reservoir dedicated to giving back to society, often funded by individuals, families, or corporations. For investors, supporting or donating to such foundations can enhance social impact and may offer tax benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Vornado (VNO) chairman Steven Roth report?
Steven Roth reported a bona fide gift of 26,428 Vornado common shares. The shares were distributed from a 2024 grantor retained annuity trust to a trust for the benefit of his family, and the 2024 GRAT no longer held shares after this transfer.
What indirect Vornado (VNO) holdings are reported through Interstate Properties?
Common shares are held by Interstate Properties, a New Jersey general partnership. Steven Roth is the managing general partner and the filing notes these 3,519,032 common shares are attributed to the partnership, with Roth not deemed the beneficial owner beyond his pecuniary interest.
AI-generated analysis. How Rhea-AI works. Not financial advice.
