Franco Michael J. 4
4 · VORNADO REALTY TRUST · Filed Jan 22, 2021
Insider Transaction Report
Form 4
Franco Michael J.
PRESIDENT AND CFO
Transactions
- Award
Restricted Units
2021-01-20+19,850→ 19,850 total→ Common Shares (19,850 underlying)
Footnotes (2)
- [F1]On January 20, 2021, 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 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 were immediately vested on the grant date.