Vornado Realty Trust director Daniel R. Tisch 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 class of operating partnership units that can later convert into 7,168 Class A Units.
Each Class A Unit is redeemable for cash or, at the company’s election, an equal number of Vornado common shares. The restricted units are not transferable, and any common shares ultimately issued must be held by Tisch until he is no longer a member of the Board of Trustees.
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.
Vornado Realty Trust director Beatrice Bassey Hamza received a grant of 7,168 Restricted Units of Vornado Realty L.P. on May 21, 2026 as compensation. Each Restricted Unit is linked to an equivalent number of common shares through a two-step structure involving Class A Units of the operating partnership.
The Restricted Units vest immediately but cannot be transferred while she serves on the Board, except through conversion into Class A Units and redemption into cash or, at the Company’s election, common shares. Any common shares received in this process must be held until she is no longer a Board member. Following this grant, she holds 7,168 Restricted Units directly.
Vornado Realty Trust director William W. Helman received a grant of 7,168 restricted units on May 21, 2026. These restricted units of Vornado Realty L.P. are convertible after certain events into 7,168 Class A Units, which are redeemable for cash or, at the company’s election, an equal number of common shares.
The restricted units vest immediately but are not transferable while he serves on the Board of Trustees, except through conversion and redemption. Any common shares issued upon redemption must also be held until he is no longer a board member, reinforcing this as long-term, compensation-related equity rather than an open-market transaction.
Vornado Realty Trust director Candace K. Beinecke 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 derivative form of compensation rather than an open-market purchase or sale.
The restricted units can, after certain events, be converted into an equivalent number of Class A Units of the operating partnership, which are redeemable for cash or, at the company’s election, common shares on a one-for-one basis. The units and any resulting common shares generally cannot be transferred while she serves on the Board of Trustees.
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.
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.
VORNADO REALTY TRUST disclosure: Norges Bank reports beneficial ownership of 14,709,182 shares of Common Stock, representing 7.7146% as of 03/31/2026. The filing is an amendment to a Schedule 13G (Amendment No. 6) and is signed on 05/11/2026. The statement notes that certain shares are invested on behalf of the Government of Norway.
Vornado Realty Trust executive Haim Chera converted partnership units into common shares, increasing his direct share holdings. On May 6, 2026, the EVP – Head of Retail converted 100,000 Class A Units of Vornado Realty L.P. into 100,000 Common Shares of Vornado Realty Trust on a one-for-one basis.
Following the conversion, he directly holds 200,000 Common Shares and 148,913 Class A Units. This was a conversion of a derivative security, not an open‑market stock purchase or sale, and reflects a shift from partnership units into the company’s common equity.
Vornado Realty Trust reported weaker first quarter 2026 results, swinging to a net loss and lower cash flow from operations. Net loss attributable to common shareholders was $22.8 million, or $(0.12) per diluted share, versus net income of $86.8 million, or $0.43, a year earlier. Funds From Operations (FFO) attributable to common shareholders plus assumed conversions fell to $96.3 million, or $0.49 per diluted share, from $135.0 million, or $0.67. FFO, as adjusted, declined to $103.1 million, or $0.52 per diluted share, from $126.2 million, or $0.63, primarily reflecting higher net interest expense and the absence of a prior-period ground rent reversal.
The company remained active on capital allocation, repurchasing 2.75 million common shares for $79.8 million and authorizing a new $300 million repurchase program. Vornado agreed to acquire a 49% interest in Park Avenue Plaza at a $1.1 billion valuation and closed the $141 million purchase of 3 East 54th Street. It refinanced multiple Manhattan assets, issued $500 million of 5.75% senior notes due 2033, extended and upsized revolving credit facilities and an unsecured term loan, and reported total liquidity of $2.6 billion. Same store NOI at share increased 6.1% year over year, though cash-basis same store NOI at share declined 2.9%, with particular pressure at 555 California Street.