4//SEC Filing
GREENBAUM DAVID R 4
Accession 0001179110-20-005011
CIK 0000899689other
Filed
Apr 20, 8:00 PM ET
Accepted
Apr 21, 6:19 PM ET
Size
6.2 KB
Accession
0001179110-20-005011
Insider Transaction Report
Form 4
GREENBAUM DAVID R
President - NY Office Division
Transactions
- Disposition to Issuer
Restricted Units
2020-04-18−2,805→ 9,161 total→ Common Shares (2,805 underlying)
Footnotes (3)
- [F1]On January 13, 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]As a result of the ongoing impact of the COVID19 pandemic on the Company, on April 18, 2020, the Compensation Committee of the Company's Board of Trustees approved, effective April 1, 2020, the reporting person's waiver of his entitlement to these Restricted Units.
- [F3]The Restricted Units that were not reacquired by the Company will continue to vest ratably throughout 2020, subject to the continued employment of the reporting person during the vesting period.
Documents
Issuer
VORNADO REALTY TRUST
CIK 0000899689
Entity typeother
Related Parties
1- filerCIK 0001246478
Filing Metadata
- Form type
- 4
- Filed
- Apr 20, 8:00 PM ET
- Accepted
- Apr 21, 6:19 PM ET
- Size
- 6.2 KB