Vitale Christopher V 4

What Happened Christopher V. Vitale, President, CEO and a director of AMREP Corporation (AXR), received a grant of 8,700 restricted shares on July 13, 2026. The Form 4 reports an acquisition at $0.00 per share (total reported value $0), reflecting a standard restricted stock award rather than an open-market purchase or sale.

Key Details

• Transaction date: July 13, 2026; Form 4 filed July 14, 2026 (timely filing).
• Transaction type/code: Award/Grant (A) — 8,700 restricted shares granted at $0.00.
• Vesting: 2,900 shares vest on July 13 of 2027, 2028 and 2029, subject to continued employment (per footnote).
• Shares owned after the transaction: not specified in the provided filing.
• No 10b5-1 plan, tax-withholding sale, or exercise noted in this filing.

Context Restricted stock awards are compensation that typically vests over time and are intended to align executive and shareholder interests; they are not the same as a market purchase and do not necessarily indicate immediate buying or selling intent. For dollar value at grant or broader compensation context, review AMREP’s proxy or annual compensation disclosures.