Vornado director granted 7,168 restricted units
Fascitelli Michael D reported acquisition or exercise transactions in this Form 4 filing.
Rhea-AI Filing Summary
Fascitelli Michael D reported acquisition or exercise transactions in this Form 4 filing.
Vornado Realty Trust director Michael D. Fascitelli received a grant of 7,168 restricted units on May 21, 2026. These restricted units of Vornado Realty L.P. vest immediately and are convertible after certain events into an equal 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, for common shares of beneficial interest on a one-for-one basis. The restricted units, and any common shares received upon redemption, generally cannot be transferred while Fascitelli serves on the Board of Trustees.
Positive
- None.
Negative
- None.
Insider Trade Summary
Grant/Award: 7,168 shares
Grant/Award
1 txn
Insider
Fascitelli Michael D
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)
- 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.
- 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
Transaction price per unit: $0.0000
Underlying common shares: 7,168 shares
+1 more
4 metrics
Restricted units granted
7,168 units
Grant to Michael D. Fascitelli on May 21, 2026
Transaction price per unit
$0.0000
Equity award, not purchased in the market
Underlying common shares
7,168 shares
Each Restricted Unit ultimately linked one-for-one to common shares
Common share par value
$0.04 per share
Par value of common shares of beneficial interest
Key Terms
Restricted Units, Operating Partnership, Class A Units, 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."
Operating Partnership financial
"Vornado Realty L.P. (the "Operating Partnership"), the Operating Partnership of Vornado Realty Trust"
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.
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.
Board of Trustees financial
"until the reporting person is no longer serving as a member of the Company's Board of Trustees"
A board of trustees is a group of individuals responsible for overseeing and guiding the management of an organization, such as a nonprofit, university, or charity. They act like a steering committee, making important decisions to ensure the organization stays true to its mission and remains financially healthy. For investors, the board’s effectiveness can influence the organization’s stability and long-term success.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did Vornado Realty Trust (VNO) report for Michael D. Fascitelli?
Vornado Realty Trust reported that director Michael D. Fascitelli received a grant of 7,168 restricted units on May 21, 2026. These units are a form of equity-based compensation linked to the operating partnership and ultimately to the company’s common shares.
How many restricted units did Michael D. Fascitelli receive from Vornado Realty Trust?
Michael D. Fascitelli received 7,168 restricted units of Vornado Realty L.P. as of May 21, 2026. These units vest immediately and are convertible into an equivalent number of Class A Units, which can then be redeemed for cash or common shares on a one-for-one basis.
Do the restricted units granted to Michael D. Fascitelli vest immediately?
Yes, the restricted units granted to Michael D. Fascitelli vest immediately. Although they vest at once, the units are not transferable while he remains on the Board of Trustees, except through conversion to Class A Units and redemption into cash or common shares under the stated terms.
AI-generated analysis. How Rhea-AI works. Not financial advice.
