Chera Haim 4
4 · VORNADO REALTY TRUST · Filed Apr 1, 2020
Insider Transaction Report
Form 4
Chera Haim
EVP - HEAD OF RETAIL
Transactions
- Award
Restricted Units
2020-03-30+13,617→ 13,617 total→ Common Shares (13,617 underlying)
Footnotes (2)
- [F1]On March 30, 2020 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" or "VNO"). The Restricted Units are a class of units of the Operating Partnership that following the occurrence of certain events and upon vesting are convertible by the holder into an equivalent number of Class A Units of the Operating Partnership ("Class A Units"). Class A Units of the Operating Partnership are redeemable by the holder for cash or, at the Company's election, common shares of the Company on a one-for-one basis or the cash value of such shares.
- [F2]The Restricted Units vest in equal portions over a four-year period with the initial vesting occurring on March 30, 2021.