ALEXANDERS INC 8-K

What Happened
Alexander’s, Inc. announced that at its Annual Meeting on May 21, 2026, stockholders approved the Alexander’s, Inc. 2026 Omnibus Stock Plan (the “2026 Plan”) and re-elected three director nominees. The company reported 5,107,290 shares outstanding as of the March 23, 2026 record date, with 4,750,166 shares (≈93.01%) present or represented by proxy at the meeting.

Key Details

• The 2026 Plan authorizes up to 500,000 shares for issuance (includes 477,121 shares remaining under the prior 2016 Plan). Outstanding awards under the 2016 Plan remain unaffected, but no new awards will be made under the 2016 Plan.
• The 2026 Plan allows stock options, SARs, restricted stock units, performance shares and other share-based awards for employees, officers and non-employee directors of Alexander’s and specified employees/non-employee directors of Vornado Realty Trust and their subsidiaries.
• Non-employee directors are limited to aggregate awards (options/SARs or other awards) covering no more than 300,000 shares in any one-year period, subject to adjustments.
• Vote results (May 21, 2026): Election of directors — Thomas R. DiBenedetto (4,133,474 For), Mandakini Puri (4,331,357 For), Russell B. Wight Jr. (4,148,104 For). 2026 Plan approval — For 4,145,387; Against 290,016; Abstain 2,180 (312,583 broker non-votes). Advisory “say-on-pay” — For 4,158,627; Against 269,192; Abstain 9,764. Auditor ratification (Deloitte) — For 4,709,348; Against 40,195; Abstain 623.

Why It Matters
The approved 2026 Plan creates a defined pool of up to 500,000 shares that can be used for executive and employee compensation, which could lead to future share-based dilution depending on awards granted. Including Vornado personnel as eligible recipients means compensation may cross corporate lines, which investors should monitor for governance and expense implications. Re-election of the three directors preserves board continuity; the non-binding advisory vote on executive pay was also approved by shareholders. The full plan text is filed as an exhibit to the 8-K for investors who want the detailed terms.