SILVERSTEIN WENDY 4

What Happened

• Wendy Silverstein, a director of Alexander's, Inc. (ALX), was granted 505 Deferred Stock Units (DSUs) on May 21, 2026. The DSUs entitle her to an equivalent number of common shares without paying consideration. No cash changed hands and no per-share price is reported.

Key Details

• Transaction date: 2026-05-21 (Form 4 filed 2026-05-22 — appears timely).
• Transaction type/code: Award/Grant (Derivative) — 505 Deferred Stock Units.
• Price/Value: N/A (compensation award; no purchase price).
• Vesting/delivery: DSUs vest immediately, but the underlying common stock is not deliverable until the reporting person is no longer serving on the Company’s Board of Directors (per footnotes).
• Shares owned after transaction: Not specified in the provided filing details.
• Filing note: This is a compensation award (A), not an open-market purchase or sale.

Context

• Deferred stock units are a form of compensation: they represent a future right to receive shares (here, one-for-one) and are often used to defer compensation until departure or retirement. Because the shares are not deliverable until she leaves the board, this award does not reflect an immediate change in market exposure. Such grants are routine director compensation and do not necessarily signal personal bullish or bearish trading activity.